Indonesia Steel Market Summary, Competitive Analysis and Forecast to 2028

Steel in Indonesia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– Steel market consists of the production of crude steel in the stated country or region. Crude steel production refers to the production of the first solid steel products upon solidification of liquid steel. It includes ingots (in conventional mills) and semis (in modern mills with continuous casting facilities). Crude steel also includes liquid steel, which goes into the production of steel castings.

– The Indonesian steel market recorded revenues of $14,241.7 million in 2023, representing a compound annual growth rate (CAGR) of 29.2% between 2018 and 2023.

– Market production volume increased with a CAGR of 22.1% between 2018 and 2023, reaching a total of 16,800.0 thousand tonnes in 2023.

– The increase in real Gross Value Added (GVA) in industry annual growth has been a key driver for the steel market. In 2023, the Indonesian real GVA in the industrial sector grew by 4.6%, according to the United Nations Statistics Division (UNSTAT). This rise in industrial activity led to higher steel consumption for machinery, equipment, and construction materials.

Scope

– Save time carrying out entry-level research by identifying the size, growth, and leading players in the steel market in Indonesia

– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the steel market in Indonesia

– Leading company profiles reveal details of key steel market players’ global operations and financial performance

– Add weight to presentations and pitches by understanding the future growth prospects of the Indonesia steel market with five year forecasts by both value and volume

Reasons to buy

- What was the size of the Indonesia steel market by value in 2023?

- What will be the size of the Indonesia steel market in 2028?

- What factors are affecting the strength of competition in the Indonesia steel market?

- How has the market performed over the last five years?

- Who are the top competitors in Indonesia's steel market?

Companies mentioned

Gunung Steel Group

PT Krakatau Steel Persero Tbk

PT Gunung Raja Paksi Tbk

PT Jindal Stainless Indonesia

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Market volume

1.4. Market volume forecast

1.5. Geography segmentation

1.6. Market rivalry

1.7. Competitive landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

3.2. Market volume

4 Market Segmentation

4.1. Geography segmentation

5 Market Outlook

5.1. Market value forecast

5.2. Market volume forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?

7.2. What are the challenges faced by the players in the market?

7.3. What are the most recent market developments?

8 Company Profiles

8.1. Gunung Steel Group

8.2. PT Krakatau Steel Persero Tbk

8.3. PT Gunung Raja Paksi Tbk

8.4. PT Jindal Stainless Indonesia

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: Indonesia steel market value: $ million, 2018–23

Table 2: Indonesia steel market volume: thousand tonnes, 2018–23

Table 3: Indonesia steel market geography segmentation: $ million, 2023

Table 4: Indonesia steel market value forecast: $ million, 2023–28

Table 5: Indonesia steel market volume forecast: thousand tonnes, 2023–28

Table 6: Gunung Steel Group: Key Facts

Table 7: PT Krakatau Steel Persero Tbk: Key Facts

Table 8: PT Krakatau Steel Persero Tbk: Annual Financial Ratios

Table 9: PT Krakatau Steel Persero Tbk: Key Employees

Table 10: PT Gunung Raja Paksi Tbk: Key Facts

Table 11: PT Gunung Raja Paksi Tbk: Annual Financial Ratios

Table 12: PT Jindal Stainless Indonesia: Key Facts

Table 13: Indonesia Size of Population (million), 2019–23

Table 14: Indonesia Real GDP (constant 2010 prices, $ billion), 2019–23

Table 15: Indonesia GDP (current prices, $ billion), 2019–23

Table 16: Indonesia Inflation, 2019–23

Table 17: Indonesia Consumer Price Index (absolute), 2019–23

Table 18: Indonesia Exchange Rate, 2018–23

List of Figures

List of Figures

Figure 1: Indonesia steel market value: $ million, 2018–23

Figure 2: Indonesia steel market volume: thousand tonnes, 2018–23

Figure 3: Indonesia steel market geography segmentation: % share, by value, 2023

Figure 4: Indonesia steel market value forecast: $ million, 2023–28

Figure 5: Indonesia steel market volume forecast: thousand tonnes, 2023–28

Figure 6: Forces driving competition in the steel market in Indonesia, 2023

Figure 7: Drivers of buyer power in the steel market in Indonesia, 2023

Figure 8: Drivers of supplier power in the steel market in Indonesia, 2023

Figure 9: Factors influencing the likelihood of new entrants in the steel market in Indonesia, 2023

Figure 10: Factors influencing the threat of substitutes in the steel market in Indonesia, 2023

Figure 11: Drivers of degree of rivalry in the steel market in Indonesia, 2023

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