Indonesia: Market for Industrial Monocarboxylic Fatty Acids 2024

Market Size for Industrial Monocarboxylic Fatty Acids in Indonesia

The Indonesian industrial monocarboxylic fatty acids market fell slightly to $X in 2022, standing approx. at the previous year. Overall, consumption, however, showed a mild contraction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Industrial Monocarboxylic Fatty Acids in Indonesia

In value terms, industrial monocarboxylic fatty acids production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Industrial monocarboxylic fatty acids production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Indonesia

In 2022, approx. X tons of industrial monocarboxylic fatty acids were exported from Indonesia; with an increase of X% compared with the previous year's figure. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids exports skyrocketed to $X in 2022. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

The Netherlands (X tons), China (X tons) and Malaysia (X tons) were the main destinations of industrial monocarboxylic fatty acids exports from Indonesia, with a combined X% share of total exports. India, Italy, South Korea, Singapore and Spain lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for industrial monocarboxylic fatty acids exported from Indonesia were the Netherlands ($X), Malaysia ($X) and China ($X), with a combined X% share of total exports. India, Italy, South Korea, Spain and Singapore lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, South Korea, with a CAGR of X%, recorded 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 industrial monocarboxylic fatty acids export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated a moderate 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, industrial monocarboxylic fatty acids export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Singapore ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Indonesia

In 2022, overseas purchases of industrial monocarboxylic fatty acids decreased by X% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, imports, however, posted temperate growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, industrial monocarboxylic fatty acids imports expanded rapidly to $X in 2022. In general, imports, however, showed a temperate increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of industrial monocarboxylic fatty acids to Indonesia, with a X% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Malaysia ($X), China ($X) and Japan ($X) appeared to be the largest industrial monocarboxylic fatty acids suppliers to Indonesia, together comprising X% of total imports. The United States, Thailand, Turkey and Egypt lagged somewhat behind, together comprising a further X%.

Egypt, with a CAGR of X%, saw the highest rates of growth with regard to 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 industrial monocarboxylic fatty acids import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price recorded a mild increase. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :