Report Update Nov 1, 2024

Indonesia - Acetic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Indonesia: Acetic Acid Market 2024

Acetic Acid Market Size in Indonesia

The Indonesian acetic acid market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Acetic Acid Exports

Exports from Indonesia

In 2021, overseas shipments of acetic acid decreased by -44.1% to X tons, falling for the second consecutive year after two years of growth. In general, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 1,947%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, acetic acid exports shrank rapidly to $X in 2021. Over the period under review, exports showed a sharp decline. The pace of growth appeared the most rapid in 2015 with an increase of 1,841%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X tons), Vietnam (X tons) and Australia (X kg) were the main destinations of acetic acid exports from Indonesia, together accounting for 97% of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +56.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for acetic acid exports from Indonesia, comprising 66% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 29% share of total exports. It was followed by Australia, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +63.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (0.0% per year) and Australia (-49.5% per year).

Export Prices by Country

In 2021, the average acetic acid export price amounted to $X per ton, with an increase of 50% against the previous year. In general, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 177% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, 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 Myanmar (+169.1%), while the prices for the other major destinations experienced more modest paces of growth.

Acetic Acid Imports

Imports into Indonesia

In 2021, imports of acetic acid into Indonesia skyrocketed to X tons, jumping by 26% on the previous year. Over the period under review, imports, however, saw a perceptible shrinkage. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, acetic acid imports soared to $X in 2021. In general, imports recorded noticeable growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Singapore (X tons), Malaysia (X tons) and South Korea (X tons) were the main suppliers of acetic acid imports to Indonesia, with a combined 97% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +3.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest acetic acid suppliers to Indonesia were Malaysia ($X), Singapore ($X) and China ($X), with a combined 96% share of total imports.

Singapore, with a CAGR of +8.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 acetic acid import price amounted to $X per ton, jumping by 121% against the previous year. In general, the import price showed a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Malaysia ($X per ton) and China ($X per ton), while the price for South Korea ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acetic acid in the world?

India constituted the country with the largest volume of acetic acid consumption, accounting for 34% of total volume. Moreover, acetic acid consumption in India exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was occupied by the United States, with a 5.4% share.

What are the largest producers of acetic acid in the world?

The countries with the highest volumes of acetic acid production in 2021 were China, the United States and Malaysia, together accounting for 58% of global production. The UK, Taiwan Chinese), Russia, South Korea, Singapore, Saudi Arabia, Japan, Iran and Serbia lagged somewhat behind, together comprising a further 31%.

What are the leading suppliers of acetic acid to Indonesia?

In value terms, Malaysia, Singapore and South Korea were the largest acetic acid suppliers to Indonesia, together accounting for 96% of total imports.

What are the leading importers of acetic acid from Indonesia?

In value terms, the largest markets for acetic acid exported from Indonesia were Japan, Bangladesh and China, together comprising 79% of total exports.

What is the average export price for acetic acid in Indonesia?

The average acetic acid export price stood at $1,588 per ton in 2021, surging by 55% against the previous year.

What is the average import price for acetic acid in Indonesia?

The average acetic acid import price stood at $423 per ton in 2021, with an increase of 20% against the previous year.

This report provides an in-depth analysis of the acetic 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.

Product coverage:

Prodcom 20143271 - Acetic acid

Country coverage:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023