Indonesia: Acrylic Acid Esters Market 2024

Acrylic Acid Esters Market Size in Indonesia

The Indonesian acrylic acid esters market totaled $X in 2022, increasing by X% against the previous year. In general, consumption enjoyed a strong expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Acrylic Acid Esters Production in Indonesia

In value terms, acrylic acid esters production reached $X in 2022 estimated in export price. Overall, production continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Acrylic Acid Esters Exports

Exports from Indonesia

Acrylic acid esters exports from Indonesia declined to X tons in 2022, which is down by X% compared with 2021 figures. In general, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, acrylic acid esters exports dropped rapidly to $X in 2022. Over the period under review, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), Thailand (X tons) and Singapore (X tons) were the main destinations of acrylic acid esters exports from Indonesia, with a combined X% share of total exports. Malaysia, the Netherlands, India and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Thailand ($X) and Singapore ($X) appeared to be the largest markets for acrylic acid esters exported from Indonesia worldwide, with a combined X% share of total exports. The Netherlands, Malaysia, India and Belgium lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average acrylic acid esters export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price 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, acrylic acid esters export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and Japan ($X per ton), while the average price for exports to Belgium ($X per ton) and India ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Acid Esters Imports

Imports into Indonesia

In 2022, approx. X tons of esters of acrylic acid were imported into Indonesia; shrinking by X% on the previous year's figure. In general, total imports indicated a slight increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, acrylic acid esters imports reduced to $X in 2022. Overall, imports, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

China (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of acrylic acid esters imports to Indonesia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Malaysia ($X) and the United States ($X) were the largest acrylic acid esters suppliers to Indonesia, with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the average acrylic acid esters import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price 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, acrylic acid esters import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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