Indonesia: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in Indonesia

In 2020, the Indonesian acyclic hydrocarbons market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a perceptible shrinkage. Acyclic hydrocarbons consumption peaked at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Acyclic Hydrocarbons Production in Indonesia

In value terms, acyclic hydrocarbons production contracted remarkably to $X in 2020 estimated in export price. Over the period under review, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Acyclic hydrocarbons production peaked at $X in 2014; however, from 2015 to 2020, production failed to regain momentum.

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Acyclic Hydrocarbons Exports

Exports from Indonesia

In 2020, the amount of acyclic hydrocarbons exported from Indonesia contracted notably to X tons, waning by X% compared with 2019. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2020, the exports remained at a lower figure.

In value terms, acyclic hydrocarbons exports contracted rapidly to $X in 2020. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2020, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for acyclic hydrocarbons exports from Indonesia, with a X% share of total exports. Moreover, acyclic hydrocarbons exports to Singapore exceeded the volume sent to the second major destination, China (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual growth rate of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

In value terms, Singapore ($X) emerged as the key foreign market for acyclic hydrocarbons exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2020, the average acyclic hydrocarbons export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced a decline.

Acyclic Hydrocarbons Imports

Imports into Indonesia

In 2020, overseas purchases of acyclic hydrocarbons decreased by X% to X tons for the first time since 2016, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2019, and then fell slightly in the following year.

In value terms, acyclic hydrocarbons imports fell to $X in 2020. Over the period under review, imports showed a slight descent. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2020, the growth of imports remained at a lower figure.

Imports by Country

Singapore (X tons), Malaysia (X tons) and Italy (X tons) were the main suppliers of acyclic hydrocarbons imports to Indonesia, with a combined X% share of total imports. Thailand, the United Arab Emirates, the United States, India, Saudi Arabia, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Italy ($X) constituted the largest acyclic hydrocarbons suppliers to Indonesia, together comprising X% of total imports.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average acyclic hydrocarbons import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Thailand ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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