Construction
Government infrastructure budget in 2023 : IDR 392 T, increase 7% compared to 2022.
AGRICULTURE
Prospect for CPO industry are still good driven by domestic consumption and export, especially to China and India.
INDUSTRIAL FOREST
Wood and pulp production is projected to continue growing in 2023 driven by increasing of global import demand.
MINING
Coal Production target 2023: 694 mio ton, increase 1% compared to 2022.
ICI 4 Coal price trending down due to oversupply indication.
Heavy equipment market in 2023 is predicted to slightly increase due to the high mining sector demand in the first trimester.
However, construction market will be challenging facing the 2024 president election.
Family Model Contribution to Market Heavy Equipment
per YTD April 2023 : 6.585 units
- Hydraulic excavator (HEX) is the most popular model with 73,2% contribution.
- 20-ton class dominates the excavator market with 51% share.
- Road construction market still growing at the first trimester of 2023. Market year-to-date April 2023 increased 29% compared to the same period last year. However, construction market will be challenging facing the 2024 president election.
- Vibro/Single drum rollers contributes 92% of the total market.
- High demand in 10 tons class vibro is driven by government road infrastructure development, coal-nickel mining sectors, Palm oil plantation and pulp and paper industry.
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