Indonesia: Compound Plasticisers Market 2022

Compound Plasticisers Market Size in Indonesia

In 2021, the Indonesian compound plasticisers market decreased by -X% to $X, falling for the third year in a row after five years of growth. In general, consumption, however, showed a strong expansion. Compound plasticisers consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Compound Plasticisers Exports

Exports from Indonesia

In 2021, shipments abroad of compound plasticisers for rubber or plastics was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, compound plasticisers exports skyrocketed to $X in 2021. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for compound plasticisers exports from Indonesia, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +X%.

In value terms, the United States ($X) also remains the key foreign market for compound plasticisers exports from Indonesia.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +X%.

Export Prices by Country

The average compound plasticisers export price stood at $X per ton in 2021, jumping by X% against the previous year. Overall, the export price enjoyed significant growth. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. The export price peaked in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -X% per year.

Compound Plasticisers Imports

Imports into Indonesia

In 2021, purchases abroad of compound plasticisers for rubber or plastics was finally on the rise to reach X tons after three years of decline. Over the period under review, imports showed a strong increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, compound plasticisers imports soared to $X in 2021. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Qatar (X tons) and India (X tons) were the main suppliers of compound plasticisers imports to Indonesia, with a combined X% share of total imports. Thailand, Taiwan (Chinese), Vietnam and the United States lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of compound plasticisers to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-X% per year) and Qatar (X% per year).

Import Prices by Country

The average compound plasticisers import price stood at $X per ton in 2021, increasing by X% against the previous year. Overall, the import price, however, showed a pronounced curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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