The market is dominated by domestic suppliers, as imports account for 21.3% of total market size in 2023. Households drive market demand, with household spending representing 78.8% of total demand in 2023. Indonesia has the 11th largest market size for optical instruments and photographic equipment regionally, with demand reaching USD389 million in 2023. Nittoh Presisi Indonesia Pt is the largest company in Indonesia, generating 4.6% of the industry’s total production value in 2023. The industry is fragmented, with the top three companies generating 9.1% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry increase by 2.1% in 2023, largely driven by rising labour costs. The industry’s profitability increases and stands at 29.0% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 36.9% of total production output. With production value of USD435 million, Indonesia accounts for 0.9% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Optical Instruments and Photographic Equipment in Indonesia: ISIC 332. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Optical Instruments and Photographic Equipment in Indonesia: ISIC 332 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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