Indonesia: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Indonesia

The Indonesian chemically modified oils market skyrocketed to $X in 2022, surging by X% against the previous year. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Chemically modified oils consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Chemically Modified Oils Production in Indonesia

In value terms, chemically modified oils production rose significantly to $X in 2022 estimated in export price. In general, production recorded prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Chemically Modified Oils Exports

Exports from Indonesia

In 2022, after ten years of growth, there was significant decline in shipments abroad of animal or vegetable fats and oils chemically modified, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, chemically modified oils exports declined dramatically to $X in 2022. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

Malaysia (X tons), Spain (X tons) and Singapore (X tons) were the main destinations of chemically modified oils exports from Indonesia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Spain ($X) and Singapore ($X) appeared to be the largest markets for chemically modified oils exported from Indonesia worldwide, with a combined X% share of total exports.

Among the main countries of destination, Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chemically modified oils export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price posted a notable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Singapore ($X per ton), while the average price for exports to South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports into Indonesia

In 2022, approx. X tons of animal or vegetable fats and oils chemically modified were imported into Indonesia; waning by X% compared with the year before. In general, imports showed a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, chemically modified oils imports declined significantly to $X in 2022. Over the period under review, imports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of chemically modified oils to Indonesia, accounting for a X% share of total imports. Moreover, chemically modified oils imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of animal or vegetable fats and oils chemically modified to Indonesia, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Import Prices by Country

The average chemically modified oils import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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