Indonesia - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 2, 2024

Indonesia - Amino Resins - Market Analysis, Forecast, Size, Trends And Insights

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Amino Resin Price in Indonesia - 2022

Contents:

  1. Amino Resin Price in Indonesia (CIF) - 2022
  2. Amino Resin Price in Indonesia (FOB) - 2022
  3. Amino Resin Imports in Indonesia
  4. Amino Resin Exports in Indonesia

Amino Resin Price in Indonesia (CIF) - 2022

The average amino resin import price stood at $2,526 per ton in March 2022, flattening at the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in April 2021 when the average import price increased by 14% month-to-month. Over the period under review, average import prices hit record highs at $2,734 per ton in January 2022; however, from February 2022 to March 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In March 2022, the highest price was recorded for prices from Vietnam ($3,144 per ton) and Thailand ($2,831 per ton), while the price for Saudi Arabia ($2,364 per ton) and China ($2,414 per ton) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Amino Resin Price in Indonesia (FOB) - 2022

The average amino resin export price stood at $2,929 per ton in 2022, surging by 51% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Congo ($6,709 per ton), while the average price for exports to the UK ($1,711 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Amino Resin Imports in Indonesia

In 2022, amino resin imports into Indonesia fell to 39K tons, with a decrease of -8.2% on the previous year's figure. Over the period under review, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of 13%. As a result, imports attained the peak of 43K tons, and then shrank in the following year.

In value terms, amino resin imports fell to $97M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. As a result, imports reached the peak of $103M, and then contracted in the following year.

Import of Amino Resin in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China32.720.131.932.4-0.3%
South Korea6.611.315.517.137.3%
Japan13.27.218.215.55.5%
Saudi Arabia9.98.815.214.012.2%
Vietnam7.710.217.813.721.2%
Others3.32.33.94.611.7%
Total73.459.810397.29.8%

Top Suppliers of Amino Resin to Indonesia in 2022:

  1. China (13.6K tons)
  2. South Korea (7.3K tons)
  3. Saudi Arabia (6.6K tons)
  4. Japan (6.1K tons)
  5. Vietnam (4.4K tons)

Amino Resin Exports in Indonesia

In 2022, approx. 217 tons of amino resins were exported from Indonesia; falling by -93.1% against the previous year. Overall, exports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2021 when exports increased by 10% against the previous year.

In value terms, amino resin exports reduced markedly to $634K in 2022. In general, exports faced a significant curtailment. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year.

Export of Amino Resin in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India1,1151,0031,853226-41.3%
Thailand13126453.11637.6%
Philippines90922532469.7-57.5%
Vietnam36552.748.751.0-48.1%
CongoN/AN/AN/A50.30%
China52164681135.7-59.1%
Singapore19343.620730.1-46.2%
Malaysia2,9122,3322,0721.0-93.0%
Sri Lanka222168148N/A-18.4%
United States1,505103N/AN/A-93.2%
Others7472605958.0-78.0%
Total8,6195,0976,112634-58.1%

Top Export Markets for Amino Resin from Indonesia in 2022:

  1. India (76.5 tons)
  2. Thailand (52.5 tons)
  3. Philippines (22.5 tons)
  4. Vietnam (20.0 tons)
  5. China (16.7 tons)
  6. Singapore (15.3 tons)
  7. Congo (7.5 tons)
  8. Malaysia (0.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the amino resin market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20165630 - Amino resins, in primary forms (excluding urea and thiourea resins, melamine resins)

Country coverage:

  • Indonesia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Indonesia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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