Indonesia: Alkali Metals Market 2024

Alkali Metals Market Size in Indonesia

The Indonesian alkali metals market surged to $X in 2021, picking up by 27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Alkali Metals Exports

Exports from Indonesia

In 2021, approx. X tons of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury were exported from Indonesia; with a decrease of -16.6% on the previous year. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,438% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, alkali metals exports contracted to $X in 2021. Over the period under review, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,041%. 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

Belgium (X tons) was the main destination for alkali metals exports from Indonesia, accounting for a 56% share of total exports. Moreover, alkali metals exports to Belgium exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at +212.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+6.7% per year) and the United States (+58.0% per year).

In value terms, the United States ($X), Belgium ($X) and Vietnam ($X) were the largest markets for alkali metals exported from Indonesia worldwide, together comprising 96% of total exports.

Belgium, with a CAGR of +230.6%, recorded the highest rates of growth with regard to 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

In 2021, the average alkali metals export price amounted to $X per ton, rising by 2.4% against the previous year. Overall, the export price showed a pronounced increase. The pace of growth was the most pronounced in 2015 an increase of 1,320% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Singapore ($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 the Netherlands (+4,202.1%), while the prices for the other major destinations experienced more modest paces of growth.

Alkali Metals Imports

Imports into Indonesia

In 2021, after seven years of decline, there was significant growth in supplies from abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury, when their volume increased by 14% to X tons. Overall, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 59%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, alkali metals imports rose slightly to $X in 2021. In general, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -34.3% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by 52% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of alkali metals to Indonesia, with a 83% share of total imports. Moreover, alkali metals imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. South Korea (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.0% per year) and South Korea (-22.6% per year).

In value terms, China ($X) constituted the largest supplier of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury to Indonesia, comprising 97% of total imports. The second position in the ranking was held by Japan ($X), with a 1.5% share of total imports. It was followed by Germany, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-22.7% per year) and Germany (-11.9% per year).

Import Prices by Country

In 2021, the average alkali metals import price amounted to $X per ton, waning by -9.7% against the previous year. Overall, the import price, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 when the average import price increased by 90%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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