Indonesia: Polycarbonate Market 2024

Polycarbonate Market Size in Indonesia

In 2022, the Indonesian polycarbonate market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption showed a mild expansion. Polycarbonate consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Polycarbonate Production in Indonesia

In value terms, polycarbonate production totaled $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Polycarbonate Exports

Exports from Indonesia

In 2022, shipments abroad of polycarbonates (in primary forms) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, polycarbonate exports reduced notably to $X in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2021, and then declined remarkably in the following year.

Exports by Country

China (X tons) was the main destination for polycarbonate exports from Indonesia, accounting for a X% share of total exports. Moreover, polycarbonate exports to China exceeded the volume sent to the second major destination, South Korea (X tons), eightfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) remains the key foreign market for polycarbonates (in primary forms) exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The average polycarbonate export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price showed a deep setback. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarbonate Imports

Imports into Indonesia

In 2022, approx. X tons of polycarbonates (in primary forms) were imported into Indonesia; with an increase of X% compared with the previous year. Overall, total imports indicated a pronounced 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 was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, polycarbonate imports expanded significantly to $X in 2022. Over the period under review, imports recorded buoyant growth. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Thailand (X tons), China (X tons) and South Korea (X tons) were the main suppliers of polycarbonate imports to Indonesia, with a combined X% share of total imports. Japan, Saudi Arabia, Singapore, Taiwan (Chinese), Hong Kong SAR and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), China ($X) and South Korea ($X) constituted the largest polycarbonate suppliers to Indonesia, with a combined X% share of total imports. Japan, Saudi Arabia, Singapore, Taiwan (Chinese), Hong Kong SAR and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of X%, recorded the highest growth rate of 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

The average polycarbonate import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Singapore ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform