Indonesia: Pyrites Market 2022

Pyrites Market Size in Indonesia

In 2021, the Indonesian pyrites market decreased by -X% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, recorded resilient growth. Over the period under review, the market hit record highs at $X in 2020, and then fell dramatically in the following year.

Pyrites Exports

Exports from Indonesia

After two years of growth, overseas shipments of pyrites decreased by X% to X kg in 2021. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X kg in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, pyrites exports reduced slightly to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X kg) was the main destination for pyrites exports from Indonesia, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +X%.

In value terms, China ($X) also remains the key foreign market for pyrites exports from Indonesia.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +X%.

Export Prices by Country

In 2021, the average pyrites export price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the export price showed a deep downturn. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -X% per year.

Pyrites Imports

Imports into Indonesia

In 2021, after four years of growth, there was significant decline in purchases abroad of pyrites, when their volume decreased by -X% to X tonnes. Overall, imports, however, recorded a noticeable expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2020, and then reduced dramatically in the following year.

In value terms, pyrites imports contracted notably to $X in 2021. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020, and then contracted markedly in the following year.

Imports by Country

China (X tonnes) and Japan (X tonnes) were the main suppliers of pyrites imports to Indonesia.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +X value terms, China ($X) and Japan ($X) constituted the largest pyrites suppliers to Indonesia.

In terms of the main suppliers, China, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average pyrites import price stood at $X per tonne in 2021, stabilizing at the previous year. In general, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per tonne. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per tonne), while the price for Japan stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Source: IndexBox Platform