
Indonesia - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
Indonesia: Polycarboxylic Acid Market 2023
Polycarboxylic Acid Market Size in Indonesia
In 2021, after two years of decline, there was significant growth in the Indonesian polycarboxylic acid market, when its value increased by 16% to $X. Overall, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.7% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.
Polycarboxylic Acid Production in Indonesia
In value terms, polycarboxylic acid production expanded notably to $X in 2021 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -20.4% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 37%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.
Polycarboxylic Acid Exports
Exports from Indonesia
After two years of growth, shipments abroad of polycarboxylic acids decreased by -48.7% to X tons in 2021. In general, exports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2017 when exports increased by 102%. The exports peaked at X tons in 2020, and then dropped significantly in the following year.
In value terms, polycarboxylic acid exports reduced notably to $X in 2021. Overall, exports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 118%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Japan (X tons), India (X tons) and Saudi Arabia (X tons) were the main destinations of polycarboxylic acid exports from Indonesia, with a combined 93% share of total exports.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +62.5%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for polycarboxylic acid exported from Indonesia were Japan ($X), India ($X) and Saudi Arabia ($X), with a combined 90% share of total exports.
Saudi Arabia, with a CAGR of +42.8%, saw the highest growth rate of the value of exports, in terms of 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 polycarboxylic acid export price stood at $X per ton in 2021, surging by 60% against the previous year. Over the period under review, the export price, however, recorded a noticeable slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-1.9%), while the prices for the other major destinations experienced a decline.
Polycarboxylic Acid Imports
Imports into Indonesia
In 2021, overseas purchases of polycarboxylic acids were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports saw a noticeable increase. The growth pace was the most rapid in 2016 when imports increased by 107% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.
In value terms, polycarboxylic acid imports surged to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 55%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.
Imports by Country
Taiwan (Chinese) (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of polycarboxylic acid imports to Indonesia, together accounting for 60% of total imports. Thailand, China and Malaysia lagged somewhat behind, together accounting for a further 37%.
From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +23.8%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, South Korea ($X), Taiwan (Chinese) ($X) and China ($X) appeared to be the largest polycarboxylic acid suppliers to Indonesia, with a combined 54% share of total imports. Japan, Malaysia and Thailand lagged somewhat behind, together accounting for a further 38%.
In terms of the main suppliers, Malaysia, with a CAGR of +23.6%, saw 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
In 2021, the average polycarboxylic acid import price amounted to $X per ton, with an increase of 45% against the previous year. Over the period under review, the import price, however, showed a perceptible decline. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-0.1%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the polycarboxylic acid market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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