Updated Jan 23, 2023 03:05

Porcelain Technical Ware Market in Indonesia

Market Overview
For the fourth year in a row, the Indonesian porcelain technical ware market recorded growth in sales value, which increased by % to $ in . Over the period under review, consumption recorded a prominent increase. Porcelain technical ware consumption peaked in and is expected to retain growth in years to come.

In value terms, porcelain technical ware production expanded markedly to $ in estimated in export price. Overall, production showed a moderate expansion. The growth pace was the most rapid in 2012 when the production volume increased by %. Over the period under review, production reached the peak level at $ in ; however, from to , production failed to regain momentum.


Consumption
In , approx. tons of porcelain ceramic wares for laboratory, technical, and chemical use were consumed in Indonesia; increasing by % against the year before. In general, consumption recorded a strong expansion. Over the period under review, consumption hit record highs in and is expected to retain growth in the near future.

The size of the porcelain technical ware market in Indonesia expanded remarkably to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a resilient increase. Over the period under review, the market attained the maximum level in and is likely to see gradual growth in the immediate term.


Market Forecast
Driven by increasing demand for porcelain technical ware in Indonesia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Driven by a growing demand, the share of imports in total supply in Indonesia increased significantly over the last fifteen years (from % to %). Porcelain technical ware market in Indonesia consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Indonesia remains a net exporter of porcelain technical ware; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.