Updated Jan 12, 2023 02:46

Market for Ceramic Wares For Laboratory Or Technical Uses in Indonesia

Market Overview
The Indonesian market for ceramic wares for laboratory or technical uses amounted to $ in , increasing 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, the total consumption indicated modest growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Consumption of peaked at $ in ; however, from to , consumption stood at a somewhat lower figure.

In value terms, production of ceramic wares for laboratory or technical uses expanded rapidly to $ in estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Production of peaked at $ in ; however, from to , production remained at a lower figure.


Consumption
In , approx. tons of ceramic wares for laboratory or technical uses were consumed in Indonesia; growing by % compared with . Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, consumption of hit record highs at tons in 2007; however, from 2008 to , consumption remained at a lower figure.

The revenue of the market for ceramic wares for laboratory or technical uses in Indonesia expanded significantly to $ in , picking up 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). In general, the total consumption indicated a modest expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market hit record highs at $ in ; however, from to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for ceramic wares for laboratory or technical uses in Indonesia, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract 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-year period (from % to %). 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 importer of ceramic wares for laboratory or technical uses; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.