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Indonesia metal waste recycling market to be valued at Rp3.3Tn in 2012

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Recycling of Metal Waste and Scrap in Indonesia: ISIC 371 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-01 09:10:05
Indonesian market for recycling of metal waste and scrap sees 6% CAGR over 2007-2012 to reach Rp3.3 trillion due to rising awareness of environmental issues and recycling. Foreign metal recycling service providers account for 89% of total Indonesian market size in 2012; main partners include the UK, Mexico, the USA, Germany and United Arab Emirates.

Industry remains attractive as revenue exhibits 5% annual growth on average over review period, while profits see 8% CAGR. More than half of Indonesian metal recycling services are provided to foreign clients, mainly China, South Korea, Japan, India and Singapore.

Future looks bright for Indonesian metal recycling industry as local government takes initiative in waste management; turnover expected to grow at 9% CAGR.

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