Indonesia: Market for Natural Rubber And Gums 2024

Market Size for Natural Rubber And Gums in Indonesia

In 2022, the Indonesian natural rubber and gum market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, saw a perceptible contraction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Natural Rubber And Gums in Indonesia

In value terms, natural rubber and gum production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Natural rubber and gum production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of natural rubber and gums in Indonesia expanded modestly to X kg per ha in 2022, growing by X% on the year before. In general, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2022, the growth of the average natural rubber and gum yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of natural rubber and gums in Indonesia was estimated at X ha, approximately reflecting the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X% against the previous year. The natural rubber and gum harvested area peaked in 2022 and is expected to retain growth in years to come.

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Exports of Natural Rubber And Gums

Exports from Indonesia

In 2022, overseas shipments of natural rubber and gums increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a deep setback. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, natural rubber and gum exports totaled $X in 2022. Overall, exports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), Brazil (X tons) and Turkey (X tons) were the main destinations of natural rubber and gum exports from Indonesia, with a combined X% share of total exports. Guatemala, Belgium, Slovenia, Italy, China and the United States lagged somewhat behind, together comprising a further X%.

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

In value terms, Vietnam ($X) remains the key foreign market for natural rubber and gums exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with an X% share of total exports. It was followed by Turkey, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Turkey (X% per year).

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Italy ($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 Guatemala (X%), while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Indonesia

Natural rubber and gum imports into Indonesia dropped markedly to X tons in 2022, which is down by X% compared with the previous year's figure. The total import volume 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 most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, natural rubber and gum imports dropped significantly to $X in 2022. Overall, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

Thailand (X tons), Malaysia (X tons) and Vietnam (X tons) were the main suppliers of natural rubber and gum imports to Indonesia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest natural rubber and gum suppliers to Indonesia were Thailand ($X), Malaysia ($X) and Vietnam ($X), with a combined X% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average natural rubber and gum import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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