Indonesia: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Indonesia

After four years of decline, the Indonesian vulcanised rubber erases market increased by X% to $X in 2022. In general, consumption, however, continues to indicate a perceptible curtailment. Vulcanised rubber erases consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Vulcanised Rubber Erases Exports

Exports from Indonesia

In 2022, the amount of erasers of vulcanised rubber exported from Indonesia surged to X tons, rising by X% against 2021. In general, exports, however, continue to indicate a abrupt contraction. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports contracted rapidly to $X in 2022. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for vulcanised rubber erases exports from Indonesia, with a X% share of total exports. Moreover, vulcanised rubber erases exports to the United Arab Emirates exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. Timor-Leste (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Timor-Leste (X% per year).

In value terms, the largest markets for vulcanised rubber erases exported from Indonesia were the United Arab Emirates ($X), Vietnam ($X) and Timor-Leste ($X), together accounting for X% of total exports.

In terms of the main countries of destination, the United Arab Emirates, 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

The average vulcanised rubber erases export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

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

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Vulcanised Rubber Erases Imports

Imports into Indonesia

In 2022, overseas purchases of erasers of vulcanised rubber increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a perceptible contraction. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, vulcanised rubber erases imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a pronounced setback. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main vulcanised rubber erases supplier to Indonesia, accounting for a X% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), 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: Vietnam (X% per year) and Taiwan (Chinese) (X% per year).

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

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

Import Prices by Country

In 2022, the average vulcanised rubber erases import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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

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

Source: IndexBox Platform

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