Waxes; Artificial, Prepared Price in Indonesia - 2022
Contents:
- Waxes; Artificial, Prepared Price in Indonesia (FOB) - 2022
- Waxes; Artificial, Prepared Price in Indonesia (CIF) - 2022
- Waxes; Artificial, Prepared Exports in Indonesia
- Waxes; Artificial, Prepared Imports in Indonesia
Waxes; Artificial, Prepared Price in Indonesia (FOB) - 2022
In March 2022, the average waxes; artificial, prepared export price amounted to $1,956 per ton, rising by 5% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +3.3%. The pace of growth appeared the most rapid in February 2022 an increase of 12% against the previous month. Over the period under review, the average export prices attained the maximum in March 2022.
There were significant differences in the average prices for the major export markets. In March 2022, the country with the highest price was China ($2,126 per ton), while the average price for exports to Germany ($958 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Waxes; Artificial, Prepared Price in Indonesia (CIF) - 2022
In March 2022, the average waxes; artificial, prepared import price amounted to $2,608 per ton, surging by 14% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Germany ($3,444 per ton), while the price for Saudi Arabia ($1,240 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 Saudi Arabia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Exports in Indonesia
In 2022, the amount of waxes; artificial, prepared exported from Indonesia soared to 98K tons, jumping by 45% against 2021. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.9% 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 +45.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, waxes; artificial, prepared exports soared to $147M in 2022. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Waxes; Artificial, Prepared in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.3 | 31.3 | 46.0 | 68.5 | 35.9% |
| Poland | 14.0 | 12.4 | 15.4 | 22.9 | 17.8% |
| Taiwan (Chinese) | 8.7 | 6.6 | 9.4 | 14.0 | 17.2% |
| South Korea | 4.4 | 5.5 | 7.9 | 11.8 | 38.9% |
| Estonia | 1.4 | 2.2 | 3.2 | 4.8 | 50.8% |
| Chile | 2.0 | 4.7 | 3.2 | 4.8 | 33.9% |
| Vietnam | 0.2 | 0.4 | 2.8 | 4.1 | 173.7% |
| Portugal | 1.7 | 1.2 | 1.2 | 2.0 | 5.6% |
| Germany | 0.9 | 0.8 | 0.8 | 1.2 | 10.1% |
| Others | 5.3 | 5.7 | 8.8 | 13.3 | 35.9% |
| Total | 65.8 | 70.7 | 98.8 | 147 | 30.7% |
Top Export Markets for Waxes; Artificial, Prepared from Indonesia in 2022:
- China (37.9K tons)
- Poland (21.6K tons)
- Taiwan (Chinese) (8.5K tons)
- South Korea (7.0K tons)
- Chile (5.2K tons)
- Estonia (3.0K tons)
- Vietnam (3.0K tons)
- Portugal (1.9K tons)
- Germany (1.5K tons)
Waxes; Artificial, Prepared Imports in Indonesia
In 2022, approx. 33K tons of waxes; artificial, prepared were imported into Indonesia; increasing by 9.5% compared with 2021. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, waxes; artificial, prepared imports soared to $86M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 +54.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Waxes; Artificial, Prepared in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.0 | 14.0 | 24.5 | 29.4 | 22.5% |
| South Korea | 11.4 | 11.4 | 13.8 | 16.6 | 13.3% |
| Singapore | 4.2 | 5.6 | 6.9 | 8.3 | 25.5% |
| Germany | 7.3 | 5.2 | 5.3 | 7.0 | -1.4% |
| Thailand | 4.6 | 4.5 | 4.8 | 5.8 | 8.0% |
| United States | 3.1 | 3.9 | 4.1 | 5.0 | 17.3% |
| Japan | 3.1 | 2.0 | 1.6 | 2.6 | -5.7% |
| Saudi Arabia | 0.7 | 1.2 | 1.4 | 1.7 | 34.4% |
| Malaysia | 1.2 | 0.7 | 1.2 | 1.5 | 7.7% |
| Others | 5.4 | 7.2 | 5.8 | 8.1 | 14.5% |
| Total | 57.0 | 55.8 | 69.6 | 86.1 | 14.7% |
Top Suppliers of Waxes; Artificial, Prepared to Indonesia in 2022:
- China (11.5K tons)
- South Korea (7.0K tons)
- Thailand (3.6K tons)
- Singapore (3.3K tons)
- Germany (1.8K tons)
- Saudi Arabia (1.7K tons)
- Japan (0.7K tons)
- United States (0.7K tons)
- Malaysia (0.7K tons)
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