INDUSTRIES & MARKETS

Construction industry in
Indonesia
 Table of Contents

01 Overview 04 Establishments
Breakdown of GDP share Indonesia 2022, by sector 03 Number of construction establishments in Indonesia 2014-2023 22
GDP from construction Indonesia 2014-2022 04 Number of construction establishments in Indonesia 2023, by type 23
GDP growth rate for the construction sector in Indonesia 2013-2022 05 Value of total construction completed in Indonesia 2012-2021 24
Foreign direct investment in construction in Indonesia 2013-2022 06 Value of total construction completed in Indonesia 2022, by province 25
Value of building construction completed in Indonesia 2012-2021 26
02 Employment Value of civil construction completed in Indonesia 2012-2021 27

Number of workers in the construction industry Indonesia 2017-2023 08

Number of permanent and contract construction workers in Indonesia 2013-2022 09 05 Leading companies' revenue
Number of construction workers in Indonesia 2023, by province 10 Revenue of Wijaya Karya FY 2020-2022, by segment 29
Average daily gross wage of builders in Indonesia 2022, by province 11 Revenue of Adhi Karya FY 2016-2022, by segment 30
Total compensation for construction workers in Indonesia 2012-2021 12 Revenue of PT PP Persero Tbk FY 2020-2022, by segment 31
Revenue of Waskita Karya FY 2020-2022, by segment 32
03 Construction materials Revenue of Semen Indonesia Group FY 2016-2022, by segment 33

Share of production from mining and quarrying in Indonesia 2022, by type of material 14 Revenue of Indocement FY 2016-2022, by sector 34

Production volume from mining and quarrying in Indonesia 2022, by type of material 15
Production volume of sand in Indonesia 2012-2022 16
Production volume of gravel in Indonesia 2012-2022 17
Domestic cement consumption in Indonesia 2015-2022 18
Value of cement imports in Indonesia 2013-2022 19
Export value of manufacture of basic metals Indonesia 2022, by country of destination 20

1
CHAPTER 01

Overview
 Gross domestic product (GDP) share of Indonesia in 2022, by sector
Breakdown of GDP share Indonesia 2022, by sector

Share of GDP
0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20%

Manufacturing 18.34%

Wholesale and retail trade, repair of motor vehicles and motorcycles 12.85%

Agriculture, forestry and fishing 12.4%

Mining and quarrying 12.22%

Construction 9.77%

Transportation and storage 5.02%

Information and communication 4.15%

Financial and insurance activities 4.13%

Public administration and defence, compulsory social security 3.09%

Education 2.89%

Real estate activities 2.49%

Accommodation and food service activities 2.41%

Other services activities 1.81%

Business services 1.74%

Human health and social work activities 1.21%

3 Description: In 2022, preliminary figures showed that the manufacturing sector contributed to approximately 18.34 percent of Indonesia's GDP, making the sector the largest contributor to the nation's economy. The second-biggest contributor to Indonesia's GDP in
2022 was the wholesale and retail trade sector, and it was followed by the agricultural sector. Read more
Note(s): Indonesia; 2022; GDP at current prices
Source(s): Statistics Indonesia
 Gross domestic product at current market prices from construction in
Indonesia from 2014 to 2022 (in trillion Indonesian rupiah)
GDP from construction Indonesia 2014-2022

2,500

2,000 1,912.98
GDP in trillion Indonesian rupiah

1,771.73
1,701.74
1,652.66
1,562.3
1,500 1,410.51
1,287.6
1,177.08
1,041.95
1,000

500

0
2014 2015 2016 2017 2018 2019 2020 2021* 2022**

4 Description: In 2022, preliminary figures showed the GDP of the construction sector in Indonesia was 1.91 quadrillion Indonesian rupiah. For the past few years, Indonesia`s President Joko Widodo has focused on developing infrastructures all over the nation to
increase connectivity. Following the agriculture and retail sectors,the construction industry is one of the major contributors to Indonesia`s GDP. Read more
Note(s): Indonesia; 2014 to 2022; *Preliminary figures. **Very preliminary figures. 1,000 Indonesian rupiah is equal to 0.065 U.S. dollars and 0.061 euros as of September 2023. Read more
Source(s): Statistics Indonesia
 GDP growth rate for the construction sector in Indonesia from 2013 to
2022
GDP growth rate for the construction sector in Indonesia 2013-2022

8%
6.74% 6.8%
6.11% 6.09%
5.76%
6% 5.52%
5.18%

4%
2.81%
Growth rate

2.01%
2%

0%

-2%

-4% -3.26%
2013 2014 2015 2016 2017 2018 2019 2020 2021* 2022**

5 Description: In 2022, the gross domestic product growth rate for the construction sector in Indonesia was estimated to be around 2.01 percent. Due to the COVID-19 crisis, many infrastructure projects in 2020 in Indonesia had been on hold. A significant increase in
growth was seen in 2021, but it decreased in 2022 by about 0.8 percent. Read more
Note(s): Indonesia; 2013 to 2022; at 2010 constant market prices; *Preliminary figure. **Very preliminary figure. Figures have been rounded. Figures prior to 2019 came from previous reporting. Read more
Source(s): Statistics Indonesia
 Value of foreign direct investment in construction in Indonesia from 2013
to 2022 (in million U.S. dollars)
Foreign direct investment in construction in Indonesia 2013-2022

1,600

1,383.6
Foreign direct investment in million U.S. dollars

1,400

1,200

1,000 954.5

800

600 526.8

400
224.7 248.1
186.9 161.6 189.5 165.3
200
93.4

0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

6 Description: In 2022, the foreign direct investment in construction in Indonesia amounted to approximately 165 million U.S. dollars. Indonesia is racing to build new infrastructure, mainly transportation, to support the growing economy. Read more
Note(s): Indonesia; 2013 to 2022
Source(s): BKPM; Statistics Indonesia
CHAPTER 02

Employment
 Number of workers in the construction industry in Indonesia from 2017 to
2023 (in millions)
Number of workers in the construction industry Indonesia 2017-2023

10
9.25
9 8.68
8.46 8.29 8.48
8.14 8.07
8
Number of workers in millions

0
2017 2018 2019 2020 2021 2022 2023

8 Description: In 2023, there were approximately 9.25 million people working in the construction industry in Indonesia. In the past few years, the construction industry in Indonesia has been experiencing increased growth as Indonesia's current president pledged to
improve the nation's connectivity. Read more
Note(s): Indonesia; 2017 to 2023; as of August each year.
Source(s): Statistics Indonesia
 Number of permanent and contract construction workers in Indonesia
from 2013 to 2022 (in millions)
Number of permanent and contract construction workers in Indonesia 2013-2022

1.4
1.29
Number of permanent construction workers in

1.2 1.16 1.14 1.15 1.16

1.1

0.98 0.98
1.0 0.93 0.95

0.8
millions

0.6

0.4

0.2

0.0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022*

9 Description: In 2022, the number of active permanent and contract construction workers in Indonesia was estimated at approximately 1.16 million. This indicated a slight increase in comparison to the previous year. Read more
Note(s): Indonesia; 2013 to 2022; *Preliminary figure. Figures have been rounded. Figures prior to 2020 came from previous reporting. Read more
Source(s): Statistics Indonesia
 Number of construction workers in Indonesia as of August 2023, by
province (in 1,000s)
Number of construction workers in Indonesia 2023, by province

Number of construction workers in thousands

0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000

West Java 1,785.41

Central Java 1,740.95

East Java 1,506.43

North Sumatera 447.21

Banten 390.74

South Sulawesi 331.87

Lampung 261.03

DKI Jakarta 227.72

South Sumatera 221.87

West Nusa Tenggara 181.99

West Kalimantan 180.31

Riau 179.13

Aceh 178.7

Bali 174.5

DI Yogyakarta 148.9

10 Description: As of August 2023, there were approximately 1.8 million construction workers in West Java, Indonesia. In the past few years, the construction industry in Indonesia has been experiencing increased growth as Indonesia's current president pledged to
improve the nation's connectivity. Read more
Note(s): Indonesia; August 2023
Source(s): Statistics Indonesia
 Average daily gross wage of temporary construction workers in Indonesia
in 2022, by province (in 1,000 Indonesian rupiah)
Average daily gross wage of builders in Indonesia 2022, by province

Average daily gross wage in thousand Indonesian rupiah

0 20 40 60 80 100 120 140 160 180

Papua 166.07

West Papua 159.9

DKI Jakarta 152.9

Bangka Belitung Islands 142.25

East Kalimantan 141.25

Central Kalimantan 138.35

Riau Islands 129.93

North Sulawesi 129.48

Riau 128.6

West Kalimantan 127.79

Maluku Utara 125.71

Jambi 125.01

North Kalimantan 123.22

South Kalimantan 122.07

West Sumatera 120.65

11 Description: In 2022, the daily wage of temporary construction builders in Papua, Indonesia, amounted to around 166 thousand Indonesian rupiah. The infrastructure sector is the main focus of Indonesia's current president, Joko Widodo. Since he took office in 2014,
the Indonesian government has been expanding Indonesia's infrastructure development heavily. Read more
Note(s): Indonesia; 2022
Source(s): Statistics Indonesia
 Total compensation for construction workers in Indonesia from 2012 to
2021 (in trillion Indonesian rupiah)
Total compensation for construction workers in Indonesia 2012-2021

350
319.58
Total compensation for construction workers in

300

251.47
250 236
trillion Indonesian rupiah

223.64

200 189.8

150 140.61
129.61
117.38
104.38
93.02
100

50

0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021*

12 Description: In 2021, the preliminary value of the total compensation for construction workers in Indonesia amounted to approximately 236 trillion Indonesian rupiah. This indicates an increase of around 12.36 trillion Indonesian rupiah compared to the previous year.
Read more
Note(s): Indonesia; 2012 to 2021; *Preliminary figures. One thousand Indonesian rupiah is equal to 0.068 U.S. dollars and 0.062 euros as of May 2023. Figures have been rounded. Read more
Source(s): Statistics Indonesia
CHAPTER 03

Construction materials
 Distribution of production volume from mining and quarrying in Indonesia
in 2022, by type of material
Share of production from mining and quarrying in Indonesia 2022, by type of material

Quartz 1.92% Feldspars 0.08% Marble 0.04%

Kaolin 0.23%
Others 1.86%
Granite 2.82%
Clay 4.54%

Limestone 5.2%

Soil 8.86% Sand 39.8%

Gravel 9.27%

Stone and andesite 25.38%

14 Description: In 2022, sand accounted for nearly 40 percent of Indonesia's mineral production. Sand is an important commodity for construction projects to create mortar, concrete, and screed for flooring. Indonesia has been extensively developing its infrastructure
during the past few years and it is no wonder that sand production is still dominant. Read more
Note(s): Indonesia; 2022
Source(s): Statistics Indonesia
 Production volume from mining and quarrying in Indonesia in 2022, by
type of material (in million cubic meters)
Production volume from mining and quarrying in Indonesia 2022, by type of material

Production volume in million cubic meters

0 10 20 30 40 50 60 70

Sand 63.77

Stone and Andesite 40.66

Gravel 14.84

Soil 14.19

Limestone 8.34

Clay 7.27

Granite 4.52

Quartz sand 3.07

Kaolinite 0.38

Feldspar 0.13

Marble 0.07

Others 2.98

15 Description: In 2022, the total volume of sand produced in Indonesia amounted to approximately 63.77 million cubic meters, while the total volume of limestone produced was around 8.3 million cubic meters. In Southeast Asia, sand is an important commodity in
geopolitics. Singapore, Indonesia's neighbor, has become the world`s largest sand importer due to its land reclamation activities. Illegal sand extraction threatens the very existence of more than 80 small low-lying Indonesian islands bordering [...] Read more
Note(s): Indonesia; 2022; figures are preliminary.
Source(s): Statistics Indonesia
 Production volume of sand in Indonesia from 2012 to 2022 (in million
cubic meters)
Production volume of sand in Indonesia 2012-2022

400
373.02

350
Production volume in million cubic meters

309.45 302.44
300
261.69
251.2
250

200

152.67
150
105.3
100
67.44 67.41 63.77
50

0
2012 2013 2014 2015 2017 2018 2019 2020 2021 2022

16 Description: In 2022, the total volume of sand produced in Indonesia was estimated to amount to approximately 63.77 million cubic meters. In comparison, around 373 million cubic meters of sand were produced in Indonesia in 2015. Since then, the production
volume of sand in Indonesia has been significantly decreasing. Read more
Note(s): Indonesia; 2012 to 2022; *Preliminary figure. Source did not provide data for 2016. The figures have been rounded. Read more
Source(s): Statistics Indonesia
 Production volume of gravel in Indonesia from 2012 to 2022 (in million
cubic meters)
Production volume of gravel in Indonesia 2012-2022

40
37.51

35
Production volume in million cubic meters

30.09
30

25

20 18.73
16.44 17.03
16.1
14.8 14.84
15 13.53

10.13
10

0
2012 2013 2014 2015 2017 2018 2019 2020 2021 2022*

17 Description: In 2022, the total volume of gravel produced in Indonesia was estimated to amount to nearly 15 million cubic meters. By comparison, there were approximately 18.73 million cubic meters of gravel produced in Indonesia in 2015. Since then, the production
volume of gravel in Indonesia has been significantly increasing. Read more
Note(s): Indonesia; 2012 to 2022; *Preliminary figure. Source did not provide data for 2016. The figures have been rounded. Read more
Source(s): Statistics Indonesia
 Domestic cement consumption in Indonesia from 2015 to 2022 (in million
metric tons)
Domestic cement consumption in Indonesia 2015-2022

90
80.95
80
69.49 70
Consumption in million metric tons

70 66.35 65.21
62.5
60.52
60

50 46.43

40

30

20

10

0
2015 2016 2017 2018 2019 2020 2021* 2022**

18 Description: In the third quarter of 2022, approximately 46.43 million metric tons of cement were used in Indonesia. Consumption of building materials, particularly cement, is driven by the current government`s program to improve Indonesia`s basic infrastructure
such as roads, airports, and seaports across the nation. The COVID-19 crisis has, however, put a stop to some of Indonesia's infrastructure-building initiatives, thus reducing domestic cement consumption. Read more
Note(s): Asia, Indonesia; 2015 to 2022; *Figures for January-November 2021 **Figures for Q1 to Q3 2022 Read more
Source(s): Statistics Indonesia
 Total value of cement imports to Indonesia from 2013 to 2022 (in million
U.S. dollars)
Value of cement imports in Indonesia 2013-2022

300

255.07 249.6
250
Import value in million U.S. dollars

200 185.46

150

100

50 39.47

4.76 3.52 2.8 2.33 4.14 3.9

0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

19 Description: The value of cement imports to Indonesia in 2022 amounted to approximately 3.9 million U.S. dollars. This shows a decrease from previous years where cement imports were worth 255 million U.S. dollars in 2013, the peak within the ten-year timeframe.
Read more
Note(s): Indonesia; 2013 to 2022
Source(s): Statistics Indonesia
 Export value of the manufacture of basic metals in Indonesia in 2022, by
country of destination (in billion U.S. dollars)
Export value of manufacture of basic metals Indonesia 2022, by country of destination

Export value in billion U.S. dollars

0 5 10 15 20 25 30

China 25.28

Japan 2.76

Taiwan 2.43

India 2.07

Malaysia 1.75

Others 9.52

20 Description: In 2022, the export value of the manufacture of basic metals from Indonesia to China amounted to over 25 billion U.S. dollars. Meanwhile, its export value to Malaysia amounted to about 1.75 billion U.S. dollars. Central Sulawesi was the largest
contributor of the total export value of manufacture of basic metals from Indonesia in 2022. Read more
Note(s): Indonesia; 2022
Source(s): Statistics Indonesia
CHAPTER 04

Establishments
 Number of construction establishments in Indonesia from 2014 to 2023
(in 1,000s)
Number of construction establishments in Indonesia 2014-2023

250

203.4
Number of construction establishments in

197.03
200 190.68

168.87
155.83 160.58 159.31

150 142.85
134.03
thousands

129.82

100

50

0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

22 Description: In 2023, there were approximately 190.68 thousand active construction establishments in Indonesia. This indicated a decrease of around 6.35 thousand establishments compared to the previous year. The majority of construction establishments in
Indonesia were small-scale businesses. Read more
Note(s): Indonesia; 2014 to 2023
Source(s): Statistics Indonesia
 Number of construction establishments in Indonesia in 2023, by type (in
1,000s)
Number of construction establishments in Indonesia 2023, by type

Number of construction establishments in thousands

0 20 40 60 80 100 120 140 160

Small 143.66

Medium 26.19

Large 1.94

Non-qualified 18.88

23 Description: In 2023, there were approximately 143.66 thousand small construction establishments active in Indonesia. Indonesia's construction industry has experienced increased growth due to rising infrastructure constructions across the country. Read more
Note(s): Indonesia; 2023
Source(s): Statistics Indonesia
 Value of total construction completed in Indonesia from 2012 to 2021 (in
quadrillion Indonesian rupiah)
Value of total construction completed in Indonesia 2012-2021

1.8
1.68
1.59
1.6
1.42
Value of total construction in quadrillion

1.4 1.32

1.2 1.14
Indonesian rupiah

1.0

0.78
0.8
0.64
0.57
0.6 0.51
0.44
0.4

0.2

0.0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021*

24 Description: In 2021, the value of total construction works completed in Indonesia was estimated at around 1.42 quadrillion Indonesian rupiah. Overall, Indonesia's construction industry was experiencing increased growth due to increases in infrastructure
construction. Read more
Note(s): 2012 to 2021; *Preliminary figure. One thousand Indonesian rupiah is equal to 0.07 U.S. dollars and 0.06 euros as of July 2023. Figures have been rounded. Figures prior to 2020 came from previous reporting. Read more
Source(s): Statistics Indonesia
 Value of total construction completed in Indonesia in 2022, by province (in
trillion Indonesian rupiah)
Value of total construction completed in Indonesia 2022, by province

Value of total construction in trillion Indonesian rupiah

0 100 200 300 400 500 600 700

Jakarta 628.6

East Java 173.41

West Java 141.93

Central Java 84.32

North Sumatra 50.6

Riau 50.3

Banten 43.73

East Kalimantan 39.58

South Sulawesi 36.97

South Sumatra 22.93

West Kalimantan 19.8

Lampung 18.63

Papua 18.63

South Kalimantan 17.46

Bali 16.41

25 Description: In 2022, the value of total construction completed in Jakarta, the capital city of Indonesia, was over 628 trillion Indonesian rupiah, while in Papua was approximately 18.63 trillion Indonesian rupiah. Indonesia's construction industry was experiencing
increased growth due to increases in infrastructure construction across the country. Read more
Note(s): Indonesia; 2022; figures are preliminary.
Source(s): Statistics Indonesia
 Value of building construction completed in Indonesia from 2012 to 2021
(in trillion Indonesian rupiah)
Value of building construction completed in Indonesia 2012-2021

600
536.99 540.62

500 482.56 473.44

Value of building construction in trillion

438.73

400
Indonesian rupiah

300
231.67
189.78
200 168.91
149.87
122.55

100

0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021*

26 Description: As of 2021, the value of building construction completed in Indonesia was estimated at around 473.44 trillion Indonesian rupiah. This was an increase compared to the previous year, with approximately 438.73 trillion Indonesian rupiah. Read more
Note(s): Indonesia; 2012 to 2021; *Preliminary figure. 1,000 Indonesian rupiah is equal to 0.067 U.S. dollars and 0.063 euros as of June 2023. Figures have been rounded. Read more
Source(s): Statistics Indonesia
 Value of civil construction completed in Indonesia from 2012 to 2021 (in
trillion Indonesian rupiah)
Value of civil construction completed in Indonesia 2012-2021

1,200
Value of civil construction in trillion Indonesian

1,003.49
1,000
905.75

808.7
800 760.86
rupiah

600

427.87
396.78
400 343.27
306.75
273.55
237.02
200

0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021*

27 Description: As of 2021, the value of civil construction completed in Indonesia was estimated to be approximately 808.7 trillion Indonesian rupiah. During the measured period, the highest value of completed civil construction was in 2018, which amounted to around
one quadrillion Indonesian rupiah. Read more
Note(s): Indonesia; 2012 to 2021; *Preliminary figure. One thousand Indonesian rupiah is equal to 0.067 U.S. dollars and 0.062 euros as of May 2023. Figures have been rounded. Read more
Source(s): Statistics Indonesia
CHAPTER 05

Leading companies' revenue

 Revenue of PT Wijaya Karya (Persero) Tbk from financial year 2020 to 2022,
by segment (in trillion Indonesian rupiah)
Revenue of Wijaya Karya FY 2020-2022, by segment

Infrastructure and buildings Concrete industry Energy and industrial plant Realty and property Investment
12
10.79

10 9.43
Revenue in trillion Indonesian rupiah

8.49

6 5.69
5.06
4.6
3.88
4 3.31
2.45
2
0.93
0.53 0.46
0 0.07 0.19
0
2020 2021 2022

29 Description: In financial year 2022, the revenue of PT Wijaya Karya from its infrastructure and buildings segment was about 10.8 trillion Indonesian rupiah. This indicated an increase from the previous year. Wijaya Karya is one of Indonesia's largest construction
companies. Read more
Note(s): Indonesia; FY 2020 to 2022; financial year ends on December 31.
Source(s): Wijaya Karya
 Revenue of PT Adhi Karya (Persero) Tbk from financial year 2016 to 2022,
by segment (in trillion Indonesian rupiah)
Revenue of Adhi Karya FY 2016-2022, by segment

Energy and construction Manufacture Property and hospitality Investments and concessions
14
12.68 12.97
12.42
12
Revenue in trillion Indonesian rupiah

10.51 10.54
9.77
10
9.06

2 1.4 1.45 1.64

1.31 1.27
1 0.81 0.87 0.8 0.94 0.9 1.18 0.78 0.84
1.12
0.3 0.48 0.5 0.48 0.51
0.19
0
2016 2017 2018 2019 2020 2021 2022

30 Description: In financial year 2022, the revenue of PT Adhi Karya from its energy and construction business segment was about 10.54 trillion Indonesian rupiah. Adhi Karya is Indonesia's largest construction company. Despite the COVID-19 crisis, Adhi Karya still
secured new contracts in 2020 that has more value than the contracts from the previous year. Read more
Note(s): Indonesia; FY 2016 to 2022; financial year ends on December 31
Source(s): Adhi Karya
 Revenue of PT Pembangunan Perumahan (Persero) Tbk from financial
year 2020 to 2022, by segment (in billion Indonesian rupiah)
Revenue of PT PP Persero Tbk FY 2020-2022, by segment

Construction services EPC (Engineering, Procurement, Construction)

Property and realty Precast
Equipments Energy
Financial income from construction of concession financial assets
18,000
Revenue in billion Indonesian rupiah

16,000 15,281.9
13,761.57
14,000
12,243.47
12,000

10,000

8,000

6,000

4,000
2,226.51 1,978.69
2,000 956.15 1,417.15
1,036.85 1,175.91
149.09 140.91 62.72 52.53 211.17 122.58 138.7 75.92 36.89 132.44 147.61 168.4
0
2020 2021 2022

31 Description: In financial year 2022, the revenue of PT Pembangunan Perumahan (Persero) Tbk, better known as PT PP Persero Tbk, from its construction services was about 15.28 trillion Indonesian rupiah. PT PP (Persero) Tbk is one of Indonesia's largest construction
companies. Read more
Note(s): Indonesia; FY 2020 to 2022; financial year ends on December 31.
Source(s): PT Pembangunan Perumahan (Persero) Tbk
 Revenue of PT Waskita Karya (Persero) Tbk from financial year 2020 to
2022, by segment (in billion Indonesian rupiah)
Revenue of Waskita Karya FY 2020-2022, by segment

Construction services Interest from construction services Precast sales Toll road revenue
Property revenue Other infrastructure revenue Hotel revenue Buildings and equipment rental
16,000
14,234.72
14,000 13,561.21
Revenue in billion Indonesian rupiah

12,000
10,160.4
10,000

8,000

6,000

4,000

2,000 916.56
764.31
390.6 450.7560.81 504.22380.95775.01239.52
262.23 26.66 0.38 94.27 60.91 8.85 44.05 344.71 252.61101.2281.67 0.84
0
2020 2021 2022

32 Description: In financial year 2022, the revenue of PT Waskita Karya from its construction services stood at about 13.56 trillion Indonesian rupiah. This indicated an increase from the previous year. Waskita Karya is one of Indonesia's largest construction companies.
Read more
Note(s): Indonesia; FY 2020 to 2022; financial year ends on December 31.
Source(s): Waskita Karya
 Revenue of PT Semen Indonesia (Persero) Tbk from financial year 2016 to
2022, by segment (in trillion Indonesian rupiah)
Revenue of Semen Indonesia Group FY 2016-2022, by segment

Cement Non-cement
40
36.22
35 33.46 33.21
31.92
Revenue in trillion Indonesian rupiah

30
26.76
24.73 24.78
25

20

15
10.74
9.44
10

4.14
5 3.14 3.25 3.25 3.17

0
2016 2017 2018 2019 2020 2021 2022

33 Description: In financial year 2022, the revenue of Semen Indonesia Group (SIG) from its cement business segment was about 33.21 trillion Indonesian rupiah. Semen Indonesia Group is Indonesia's largest cement-producing company. In 2019, SIG through its
subsidiary acquired more than 80 percent ownership of Holcim Indonesia/Solusi Bangun Indonesia (SBI), another world-leading company in the cement business sector. Read more
Note(s): Indonesia; FY 2016 to 2022
Source(s): Semen Indonesia Group
 Revenue of PT Indocement Tunggal Prakarsa Tbk from financial year 2016
to 2022, by sector (in billion Indonesian rupiah)
Revenue of Indocement FY 2016-2022, by sector

Cement Ready-mix concrete Aggregate quarries

18,000

16,000 15,415
14,793
14,103 14,035
Revenue in billion Indonesian rupiah

13,987
14,000 13,376 13,481

12,000

10,000

8,000

6,000

4,000
2,167
1,652 1,758 1,690 1,445
2,000 1,041 1,069
127 117 112 67 28 150 210
0
2016 2017 2018 2019 2020 2021 2022

34 Description: In financial year 2022, PT Indocement Tunggal Prakarsa generated revenue of 15.42 trillion Indonesian rupiah from their cement business sector. The second-largest cement producing company in Indonesia experienced an incline in revenue in all three
sectors of their operations this year. Read more
Note(s): Indonesia; FY 2016 to 2022; financial year ends on December 31
Source(s): Indocement Tunggal Prakarsa
 Sources

Adhi Karya
BKPM
Indocement Tunggal Prakarsa
PT Pembangunan Perumahan (Persero) Tbk
Semen Indonesia Group
Statistics Indonesia
Waskita Karya
Wijaya Karya

35