Indonesia: Aluminum Market Overview 2021

Aluminum Market Size in Indonesia

For the third year in a row, the Indonesian aluminum market recorded decline in sales value, which decreased by -X% to $X in 2020. Over the period under review, the total consumption indicated a slight expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Aluminum consumption peaked at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Aluminum Production in Indonesia

In value terms, aluminum production declined to $X in 2020 estimated in export prices. Overall, production, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Aluminum Exports

Exports from Indonesia

In 2020, the amount of aluminum exported from Indonesia amounted to X tonnes, surging by X% against the previous year's figure. Over the period under review, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, aluminum exports expanded sharply to $X in 2020. In general, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

China (X tonnes) was the main destination for aluminum exports from Indonesia, accounting for a X% share of total exports. Moreover, aluminum exports to China exceeded the volume sent to the second major destination, Malaysia (X tonnes), twofold. Viet Nam (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Viet Nam (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Viet Nam (+X% per year).

Export Prices by Country

In 2020, the average aluminum export price amounted to $X per tonne, standing approx. at the previous year. In general, the export price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. The export price peaked at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2020, the highest prices were recorded for prices to Japan ($X per tonne) and Viet Nam ($X per tonne), while the average price for exports to China ($X per tonne) and Thailand ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced a decline.

Aluminum Imports

Imports into Indonesia

In 2020, overseas purchases of aluminum decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, aluminum imports fell rapidly to $X in 2020. Over the period under review, imports saw a perceptible descent. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

Australia (X tonnes), the United Arab Emirates (X tonnes) and Malaysia (X tonnes) were the main suppliers of aluminum imports to Indonesia, with a combined X% share of total imports. These countries were followed by Russia, Viet Nam, Qatar, South Korea, South Africa, Taiwan (Chinese), Bahrain, Switzerland, Singapore and Thailand, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Viet Nam (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminum suppliers to Indonesia were Australia ($X), the United Arab Emirates ($X) and Malaysia ($X), with a combined X% share of total imports. Russia, South Korea, Qatar, Viet Nam, Taiwan (Chinese), South Africa, Bahrain, Singapore, Switzerland and Thailand lagged somewhat behind, together accounting for a further X Nam (+X% per year) recorded the highest growth rate of 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

The average aluminum import price stood at $X per tonne in 2020, reducing by -X% against the previous year. In general, the import price saw a perceptible slump. The growth pace was the most rapid in 2010 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Singapore ($X per tonne) and South Korea ($X per tonne), while the price for Russia ($X per tonne) and Malaysia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminum in the world?

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China (37M tonnes) constituted the country with the largest volume of aluminum consumption, comprising approx. 58% of total volume. Moreover, aluminum consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.1M tonnes), ninefold. Japan (2M tonnes) ranked third in terms of total consumption with a 3.2% share.

What are the largest producers of aluminum in the world?

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China (37M tonnes) constituted the country with the largest volume of aluminum production, accounting for 57% of total volume. Moreover, aluminum production in China exceeded the figures recorded by the second-largest producer, Russia (3.6M tonnes), tenfold. India (3.6M tonnes) ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of aluminum to Indonesia?

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In value terms, Australia ($65M), the United Arab Emirates ($52M) and Malaysia ($46M) were the largest aluminum suppliers to Indonesia, together comprising 46% of total imports. Russia, South Korea, Qatar, Viet Nam, Taiwan (Chinese), South Africa, Bahrain, Singapore, Switzerland and Thailand lagged somewhat behind, together accounting for a further 42%.

What are the leading importers of aluminum from Indonesia?

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In value terms, China ($133M) emerged as the key foreign market for aluminum exports from Indonesia, comprising 107% of total exports. The second position in the ranking was occupied by Malaysia ($61M), with a 49% share of total exports. It was followed by Viet Nam, with a 25% share.

What is the average export price for aluminum in Indonesia?

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The average aluminum export price stood at $1,906 per tonne in 2020, remaining relatively unchanged against the previous year.

What is the average import price for aluminum in Indonesia?

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In 2020, the average aluminum import price amounted to $1,837 per tonne, which is down by -5.1% against the previous year.