Price for Mineral Substances Not Elsewhere Specified or Included in Indonesia - 2022

Contents:

  1. Price for Mineral Substances Not Elsewhere Specified or Included in Indonesia (CIF) - 2022
  2. Price for Mineral Substances Not Elsewhere Specified or Included in Indonesia (FOB) - 2022
  3. Imports of Mineral Substances Not Elsewhere Specified or Included in Indonesia
  4. Exports of Mineral Substances Not Elsewhere Specified or Included in Indonesia

Price for Mineral Substances Not Elsewhere Specified or Included in Indonesia (CIF) - 2022

In March 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $274 per ton, falling by -13.3% against the previous month. Overall, import price indicated a measured increase from March 2021 to March 2022: its price increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, import price for mineral substances not elsewhere specified or includeds increased by +21.5% against December 2021 indices. The growth pace was the most rapid in September 2021 an increase of 106% against the previous month. As a result, import price reached the peak level of $367 per ton. From October 2021 to March 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was the Philippines ($420 per ton), while the price for Turkey ($138 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Mineral Substances Not Elsewhere Specified or Included in Indonesia (FOB) - 2022

In 2022, the average export price for mineral substances not elsewhere specified or includeds amounted to $209 per ton, with an increase of 74% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 216%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($113 per ton), while the average price for exports to Egypt ($27 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 Bangladesh (+14.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mineral Substances Not Elsewhere Specified or Included in Indonesia

In 2022, overseas purchases of mineral substances not elsewhere specified or includeds decreased by -25% to 84K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2021 with an increase of 84% against the previous year. As a result, imports attained the peak of 113K tons, and then reduced sharply in the following year.

In value terms, imports of mineral substances not elsewhere specified or includeds totaled $25M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 77%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Mineral Substances Not Elsewhere Specified or Included in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany0.23.48.76.1212.4%
Malaysia7.63.65.55.7-9.1%
China3.21.91.92.5-7.9%
Philippines1.41.01.42.419.7%
South Korea2.11.22.32.10.0%
Turkey0.10.10.51.0115.4%
Japan0.80.40.70.94.0%
Thailand0.20.20.70.858.7%
Taiwan (Chinese)0.20.50.40.535.7%
Singapore7.6N/AN/AN/A0%
Others1.61.73.03.327.3%
Total25.014.225.125.40.5%

Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Indonesia in 2022:

  1. Germany (25.4K tons)
  2. Malaysia (18.3K tons)
  3. China (9.6K tons)
  4. South Korea (8.2K tons)
  5. Turkey (7.4K tons)
  6. Philippines (5.7K tons)
  7. Japan (2.9K tons)
  8. Taiwan (Chinese) (1.9K tons)
  9. Thailand (1.6K tons)

Exports of Mineral Substances Not Elsewhere Specified or Included in Indonesia

In 2022, the amount of mineral substances not elsewhere specified or includeds exported from Indonesia skyrocketed to 80K tons, rising by 41% compared with the previous year. Overall, total exports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of mineral substances not elsewhere specified or includeds soared to $17M in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Mineral Substances Not Elsewhere Specified or Included in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan2.31.42.02.98.0%
Malaysia0.70.80.80.98.7%
Bangladesh0.90.71.30.8-3.9%
EgyptN/AN/AN/A0.60%
Others5.64.92.711.627.5%
Total9.47.76.816.620.9%

Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Indonesia in 2022:

  1. Japan (25.4K tons)
  2. Egypt (22.0K tons)
  3. Malaysia (16.4K tons)
  4. Bangladesh (9.7K tons)

Source: IndexBox Market Intelligence Platform

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