Indonesia: Magnetic Media Market 2024

Magnetic Media Market Size in Indonesia

The Indonesian magnetic media market declined to $X in 2023, falling by X% against the previous year. Overall, consumption continues to indicate a abrupt decrease. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a lower figure.

Magnetic Media Production in Indonesia

In value terms, magnetic media production dropped to $X in 2023 estimated in export price. Over the period under review, production saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Magnetic Media Exports

Exports from Indonesia

In 2023, exports of magnetic media, not recorded, except cards with a magnetic stripe from Indonesia shrank dramatically to X units, waning by X% compared with the year before. Over the period under review, exports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, magnetic media exports contracted to $X in 2023. Overall, exports recorded a abrupt decline. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for magnetic media exports from Indonesia, accounting for a X% share of total exports. Moreover, magnetic media exports to the United States exceeded the volume sent to the second major destination, Japan (X units), sevenfold. The third position in this ranking was taken by Argentina (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Argentina (X% per year).

In value terms, Japan ($X) remains the key foreign market for magnetic media, not recorded, except cards with a magnetic stripe exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and the United States (X% per year).

Export Prices by Country

In 2023, the average magnetic media export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price showed strong growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Media Imports

Imports into Indonesia

In 2023, imports of magnetic media, not recorded, except cards with a magnetic stripe into Indonesia rose notably to X units, increasing by X% on 2022. Overall, imports, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, magnetic media imports skyrocketed to $X in 2023. Over the period under review, imports, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Thailand (X units), Japan (X units) and the Philippines (X units) were the main suppliers of magnetic media imports to Indonesia, with a combined X% share of total imports. Singapore, Hong Kong SAR, China, Taiwan (Chinese), South Korea, Malaysia, Italy, the United States and Australia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest magnetic media suppliers to Indonesia were Thailand ($X), Japan ($X) and the Philippines ($X), together comprising X% of total imports. Singapore, Hong Kong SAR, China, Taiwan (Chinese), South Korea, Australia, Italy, Malaysia and the United States lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average magnetic media import price amounted to $X per unit, growing by X% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, magnetic media import price decreased by X% against 2021 indices. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform