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Indonesia Stainless Steel Export 2026 Market Overview & Trends

Unlocking Opportunities in Indonesia Stainless Steel Export Market: Trends, Strategies, and Growth Insights

$27.1 b

Market Size

22.9 b Kg

Export Volume

Australia

Key Trading Partner

~24.52%

Market Growth Rate

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Stainless Steel in Indonesia Trade

AI Insight

Indonesia's stainless steel exports have shown a powerful upward trajectory, growing from $11.2B in 2020 to $27.1B in 2024. While export value peaked in 2022, export quantity has continued to rise sharply, reaching 22.9B units. China remains the dominant trade partner ($16.09B), while Australia stands out as a high-growth emerging market (2.42 rate). The product mix is led by Ferro-nickel ($14.06B), followed by various stainless steel semi-finished and flat-rolled products, indicating a robust, volume-driven market expansion strategy.

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5-Year Export Volume

AI Insight

Indonesia's export performance shows significant growth since 2020. While export value peaked in 2022 at $28.4 billion, total quantity has surged consistently, reaching 22.9 billion units in 2024. This indicates a massive scaling in volume despite recent price stabilization or slight value declines.

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Top 5 Destination Countries

FijiTanzaniaWestern SaharaCanadaUnited StatesKazakhstanUzbekistanPapua New GuineaIndonesiaArgentinaChileDemocratic Republic of the CongoSomaliaKenyaSudanChadHaitiDominican RepublicRussiaBahamasFalkland IslandsNorwayGreenlandTimor-LesteSouth AfricaLesothoMexicoUruguayBrazilBoliviaPeruColombiaPanamaCosta RicaNicaraguaHondurasEl SalvadorGuatemalaBelizeVenezuelaGuyanaSurinameFranceEcuadorPuerto RicoJamaicaCubaZimbabweBotswanaNamibiaSenegalMaliMauritaniaBeninNigerNigeriaCameroonTogoGhanaCôted'IvoireGuineaGuinea-BissauLiberiaSierra LeoneBurkina FasoCentral African RepublicRepublic of the CongoGabonEquatorial GuineaZambiaMalawiMozambiqueEswatiniAngolaBurundiIsraelLebanonMadagascarPalestineThe GambiaTunisiaAlgeriaJordanUnited Arab EmiratesQatarKuwaitIraqOmanVanuatuCambodiaThailandLao PDRMyanmarVietnam: 5.69%Dem. Rep. KoreaRepublic of KoreaMongoliaIndia: 8.5%BangladeshBhutanNepalPakistanAfghanistanTajikistanKyrgyzstanTurkmenistanIranSyriaArmeniaSwedenBelarusUkrainePolandAustriaHungaryMoldovaRomaniaLithuaniaLatviaEstoniaGermanyBulgariaGreeceTurkeyAlbaniaCroatiaSwitzerlandLuxembourgBelgiumNetherlandsPortugalSpainIrelandNew CaledoniaSolomon IslandsNew ZealandAustralia: 3.1%Sri LankaChina: 73.2%TaiwanItalyDenmarkUnited KingdomIcelandAzerbaijanGeorgiaPhilippinesMalaysiaBrunei DarussalamSloveniaFinlandSlovakiaCzech RepublicEritreaJapanParaguayYemenSaudi ArabiaNorthern CyprusCyprusMoroccoEgyptLibyaEthiopiaDjiboutiSomalilandUgandaRwandaBosnia and HerzegovinaMacedoniaSerbiaMontenegroKosovoTrinidad and TobagoSouth SudanVietnam: 5.69%India: 8.5%Australia: 3.1%China: 73.2%
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China

73.2%
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Other Asia, nes

9.51%
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India

8.5%
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Vietnam

5.69%
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Australia

3.1%
AI Insight

China dominates as the primary importer, with an import value exceeding $16 billion in 2024. The Asian region remains the core market, with India and Vietnam following as significant secondary destinations, highlighting Indonesia's strong regional trade integration.

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Export Growth Analysis

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24.5%Annual Growth
AI Insight

The sector demonstrates a robust growth rate of 24.52%. This high double-digit expansion reflects strong market momentum and increasing global demand for Indonesian stainless steel products.

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Emerging Market Opportunities

AI Insight

Australia leads emerging markets with a remarkable growth rate of 2.42, followed by Turkey and Thailand. These markets represent key diversification opportunities as they increase their import reliance on Indonesian steel products.

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Sector-Related Export Opportunities

AI Insight

Ferro-nickel (HS 720260) is the cornerstone of exports, valued at $14.06 billion. Other significant contributors include stainless steel semi-finished products and flat-rolled coils, reflecting a diversified portfolio within the steel sector.

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Indonesia Stainless Steel Export Requirements

Before Shipment
1. Business Identification Number (NIB). 2. Export Declaration of Goods (PEB). 3. Mandatory Surveyor Report (LS) for specific steel classifications. 4. Mill Test Certificate for quality verification. 5. Certificate of Origin (SKA) for preferential tariffs.
Documentation Required
1. Commercial Invoice detailing value. 2. Packing List for itemized cargo. 3. Bill of Lading or Airway Bill. 4. Export Declaration (PEB) approved by Customs. 5. Mandatory Surveyor Report (LS) for steel exports to verify compliance with Indonesian regulations.

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Stainless Steel Exports and Free Trade Agreements from Indonesia

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  • ASEAN Free Trade Area (AFTA)
  • Regional Comprehensive Economic Partnership (RCEP)
  • Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA)
  • ASEAN-China Free Trade Area (ACFTA)
  • Indonesia-Japan Economic Partnership Agreement (IJEPA)
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