Indonesia Cement Industry Report - H1, 2013
Indonesia’s GDP grew by a robust 6.2% in 2012, driven by strong domestic consumption and investment. The Indonesian cement industry also witnessed high growth in capacity, consumption as well as production of cement. The country is the second-largest consumer of cement in ASEAN, with total cement consumption of 55mn tonnes by year end. However, it still lags behind its peers in terms of per-capita consumption.
Total cement production reached 52mn tonnes in 2012 while designed capacity grew to 60mn tonnes. Annual cement consumption grew by 14.5% in 2012 backed by strong demand from the housing and construction sectors. To cash in on this rising demand, leading cement companies have charted out aggressive expansion plans. As such, the country’s total designed capacity is expected to increase to 80mn tonnes by 2015.
The first five months of FY13 also reflected a similar trend with growth in both consumption and production of cement. However, cement consumption was disproportional to cement production in this period, highlighting the huge demand for cement in the country. Cement consumption touched 22.9mn tonnes in the January-May period while production lagged behind at 21.8mn tonnes.
The industry is dominated by three players who represent over 85% of total cement sales: Semen Indonesia, Indocement and Holcim Indonesia. The outlook for the Indonesian cement industry is positive, attributed to strong economic prospects as well as low current consumption per capita.
Key Points:
Total cement production reached 52mn tonnes in 2012 while designed capacity grew to 60mn tonnes. Annual cement consumption grew by 14.5% in 2012 backed by strong demand from the housing and construction sectors. To cash in on this rising demand, leading cement companies have charted out aggressive expansion plans. As such, the country’s total designed capacity is expected to increase to 80mn tonnes by 2015.
The first five months of FY13 also reflected a similar trend with growth in both consumption and production of cement. However, cement consumption was disproportional to cement production in this period, highlighting the huge demand for cement in the country. Cement consumption touched 22.9mn tonnes in the January-May period while production lagged behind at 21.8mn tonnes.
The industry is dominated by three players who represent over 85% of total cement sales: Semen Indonesia, Indocement and Holcim Indonesia. The outlook for the Indonesian cement industry is positive, attributed to strong economic prospects as well as low current consumption per capita.
Key Points:
- Indonesia’s domestic cement consumption grew by 14.5% to 55mn tonnes in 2012, making it the second-largest cement industry in the ASEAN region.
- Total designed capacity is expected to reach 80mn tonnes by 2015 in line with demand growth, up from the current 60mn tonnes.
- Total cement exports have declined significantly over the last few years owing to a surge in domestic demand. In 2012, total exports plunged 84%.
- Semen Indonesia is the leader in terms of sales, designed capacity and production. In 2012, the company had a 41% domestic market share based on sales volume. It was followed by Indocement and Holcim with a share of 32% and 15%, respectively.
1. INDUSTRIAL PROFILE
1.1. Sector Overview
1.2. Sector Size
1.3. Competitive Landscape
1.4. Environmental Scanning
1.5. Recent developments in the industry
2. MARKET TRENDS AND OUTLOOK
2.1. Key Economic Indicators-Indonesia
2.2. Designed Capacity in Indonesia
2.3. Cement Production
2.4. Cement Consumption
2.5. Cement Supply
2.6. Cement Trade
2.7. Cement Prices
2.8. Trends by Major Islands
2.9. Housing Sector Trends
2.10 Industry Forecast
3. LEADING PLAYERS AND COMPARATIVE MATRIX
3.1. Leading Players
3.1.1 PT Semen Indonesia (Persero) Tbk
3.1.2. PT Indocement Tunggal Prakarsa Tbk
3.1.3. PT Holcim Indonesia
3.2. Comparative Matrix
3.3. SWOT Analysis
4. TABLES & CHARTS
Table 1: Per Capita Cement Consumption Trends
Table 2: Foreign Cement Companies in Indonesia
Table 3: World Cement Statistics
Table 4: Cement Statistics- ASEAN Countries
Table 5: Indonesia- Key Economic Indicators
Table 6: Cement Supply Share by Company
Table 7: Cement Consumption Trends across Indonesian Islands
Table 8: Per Capita Cement Consumption Trends-Indonesian Islands
Table 9: Subsidiaries of Semen Indonesia
Table 10: Semen Indonesia Consolidated Financial Highlights
Table 11: Subsidiaries of Indocement
Table 12: Indocement Consolidated Financial Highlights
Table 13: Subsidiaries of Holcim Indonesia
Table 14: Holcim Indonesia Consolidated Financial Highlights
Table 15: Key Financial Ratios of the Leading Players
Table 16: Valuation Matrix of the Leading Players
Chart 1: Annual Sales of Indonesian Cement Companies
Chart 2: Growth Rate of Indonesian Cement Industry
Chart 3: Position of People's Representative Council after 2009 Elections
Chart 4: GDP per Capita- Indonesia
Chart 5: Indonesia- GDP Growth Rate
Chart 6: Indonesia- GDP by Sector
Chart 7: Total Designed Capacity in Indonesia
Chart 8: Designed Capacity by Company
Chart 9: Total Cement Production in Indonesia-FY13
Chart 10: Market Share of Companies in terms of Production
Chart 11: Total Cement Consumption in Indonesia-FY13
Chart 12: Market Share of Companies in terms of Consumption
Chart 13: Breakup of Cement Supply in terms of Bag & Bulk
Chart 14: Cement Exports from Indonesia
Chart 15: Price of 50kg Cement Bag in Indonesia
Chart 16: Cement Consumption Share of Major Islands of Indonesia
Chart 17: Y/Y Change in Per Capita Cement Consumption
Chart 18: Forecast for Cement Consumption in Indonesia
Chart 19: Semen Indonesia-Shareholding
Chart 20: Annual Production of Semen Indonesia and its Subsidiaries
Chart 21: Semen Indonesia Consolidated Financial Highlights- Annual
Chart 22: Indocement-Shareholding
Chart 23: Monthly Cement Production of Indocement- FY13
Chart 24: Indocement Consolidated Financial Highlights- Annual
Chart 25: Holcim Indonesia- Shareholding
Chart 26: Monthly Cement Production of Holcim- FY13
Chart 27: Holcim Indonesia Consolidated Financial Highlights- Annual
1.1. Sector Overview
1.2. Sector Size
1.3. Competitive Landscape
1.4. Environmental Scanning
1.5. Recent developments in the industry
2. MARKET TRENDS AND OUTLOOK
2.1. Key Economic Indicators-Indonesia
2.2. Designed Capacity in Indonesia
2.3. Cement Production
2.4. Cement Consumption
2.5. Cement Supply
2.6. Cement Trade
2.7. Cement Prices
2.8. Trends by Major Islands
2.9. Housing Sector Trends
2.10 Industry Forecast
3. LEADING PLAYERS AND COMPARATIVE MATRIX
3.1. Leading Players
3.1.1 PT Semen Indonesia (Persero) Tbk
3.1.2. PT Indocement Tunggal Prakarsa Tbk
3.1.3. PT Holcim Indonesia
3.2. Comparative Matrix
3.3. SWOT Analysis
4. TABLES & CHARTS
Table 1: Per Capita Cement Consumption Trends
Table 2: Foreign Cement Companies in Indonesia
Table 3: World Cement Statistics
Table 4: Cement Statistics- ASEAN Countries
Table 5: Indonesia- Key Economic Indicators
Table 6: Cement Supply Share by Company
Table 7: Cement Consumption Trends across Indonesian Islands
Table 8: Per Capita Cement Consumption Trends-Indonesian Islands
Table 9: Subsidiaries of Semen Indonesia
Table 10: Semen Indonesia Consolidated Financial Highlights
Table 11: Subsidiaries of Indocement
Table 12: Indocement Consolidated Financial Highlights
Table 13: Subsidiaries of Holcim Indonesia
Table 14: Holcim Indonesia Consolidated Financial Highlights
Table 15: Key Financial Ratios of the Leading Players
Table 16: Valuation Matrix of the Leading Players
Chart 1: Annual Sales of Indonesian Cement Companies
Chart 2: Growth Rate of Indonesian Cement Industry
Chart 3: Position of People's Representative Council after 2009 Elections
Chart 4: GDP per Capita- Indonesia
Chart 5: Indonesia- GDP Growth Rate
Chart 6: Indonesia- GDP by Sector
Chart 7: Total Designed Capacity in Indonesia
Chart 8: Designed Capacity by Company
Chart 9: Total Cement Production in Indonesia-FY13
Chart 10: Market Share of Companies in terms of Production
Chart 11: Total Cement Consumption in Indonesia-FY13
Chart 12: Market Share of Companies in terms of Consumption
Chart 13: Breakup of Cement Supply in terms of Bag & Bulk
Chart 14: Cement Exports from Indonesia
Chart 15: Price of 50kg Cement Bag in Indonesia
Chart 16: Cement Consumption Share of Major Islands of Indonesia
Chart 17: Y/Y Change in Per Capita Cement Consumption
Chart 18: Forecast for Cement Consumption in Indonesia
Chart 19: Semen Indonesia-Shareholding
Chart 20: Annual Production of Semen Indonesia and its Subsidiaries
Chart 21: Semen Indonesia Consolidated Financial Highlights- Annual
Chart 22: Indocement-Shareholding
Chart 23: Monthly Cement Production of Indocement- FY13
Chart 24: Indocement Consolidated Financial Highlights- Annual
Chart 25: Holcim Indonesia- Shareholding
Chart 26: Monthly Cement Production of Holcim- FY13
Chart 27: Holcim Indonesia Consolidated Financial Highlights- Annual
