A strong ecosystem alongside an improving export-import scenario are two of the major factors responsible for the growth of Indonesia’s Freight Forwarding market, says a report by Ken Research
1. With trade surplus of $35.34 Bn, Indonesia’s Export-Import scenario is a decent fit for its Logistics Market.
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The growing export-import activities are the key factor driving the freight logistics market growth in Indonesia. As a result of higher oil prices, rising industry demand, and businesses expanding operations, imports increased by 30.85% (YOY) to USD 21.97 billion in March 2022, driven mostly by a rise in raw materials and capital goods. In November 2021, exports reached a record high of USD 22.84 Bn, while imports reached a record high of USD 21.35 Bn.
Rising global commodity prices are expected to have a positive impact on Indonesia’s trade during the forecast period, as rising prices of export commodities such as coal and CPO outweigh rising costs of imports, especially crude oil. As of March 2022, China remains Indonesia’s largest export destination, with non-oil and gas exports worth her USD 5.48 billion. Therefore, increasing import and export activities in the country will increase the demand for supply chain and logistics improvements, driving the growth of the Indonesian freight logistics market during the forecast period.
2. “Technology to the Rescue:” Efficient Freight Matching, Better Profitability, Smarter Operations and Greater Service Quality are some of the benefits of Digital Freight Aggregator Platforms.
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Technology options such as Efficient Freight Matching, better profitability, smarter operations & greater service quality serve as a major benefit for Indonesia’s Logistics market. A major benefit of Digital Truck Aggregator Platforms is that they have a large Shipper and Trucker Base and offer services such as Freight Listing, Freight Brokerage and Online Transactions to earn revenue. Furthermore, digital Truck aggregator platforms are reshaping the trucking industry in Indonesia by increasing operational efficiency, reducing costs & increasing profitability.
Major Players Mentioned in the Report:
Indonesia Freight Forwarding Market
- Lotte Global Logistics
- Bollore Logistics
- Pancaran Group
- Samudera Shipping
- Hiba Group
- Ironbird Logistics
Indonesia Warehousing Market
- Punnar Logisitcs
Indonesia CEP Market
- J&T Express
- Ninja Express
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:
- E-commerce Companies
- Third-Party Logistic Providers
- Potential Market Entrants
- Freight Forwarding Companies
- Warehousing Companies
- Cold Storage Companies
- Industry Associations
- Consulting Agencies
- Government Bodies & Regulating Authorities
Time Period Captured in the Report:
- Historical Period: 2017-2021
- Base Year: 2021
- Forecast Period: 2021-2027