Local producers have been trusted to supply most of the needs of machine tools for other industries, Chairman of Indonesian Machine Tool Industries Association (Asimpi) Dasep Ahmadi said.
The locally produced machine tools are currently dominating 50% from the total industrial needs of Japanese companies in the country. “In overall, there still a 25% from the market,” he said Tuesday, April 3, 2012.
He estimated the establishment of new plants will boost the sale of locally produced machine tools up to 7% in 2012 from last year’s market value of IDR800 billion.
However, the market of locally produced is only gaining 20% from the total market value of Indonesian machinery.
The needs of machine tools are still relatively small compared to the total needs of capital goods industry, which is still largely fulfilled through importation.
Based on the data from the Ministry of Trade, machinery and equipment products are dominating Indonesia's trade deficit with Japan and South Korea.
During 2007-2011, the average trade deficit of Indonesian machinery product from Japan is projected to reach US$3.93 billion.
Meanwhile, the average trade deficit of Indonesian machinery and equipment from South Korea in the same period reached US$530.6 million.
The import of machinery and equipments from China may increase by 65% to US$4.95 billion in 2011 from US$3.00 billion in 2009 before the application of Asean-China Free Trade Agreement (ACFTA). (en.bisnis.com).
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