Indonesia: Aluminium Bar Market 2024

Aluminium Bar Market Size in Indonesia

After two years of decline, the Indonesian aluminium bar market increased by 6% to $X in 2021. Overall, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.7% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Aluminium Bar Production in Indonesia

In value terms, aluminium bar production reached $X in 2021 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.9% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 51% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Aluminium Bar Exports

Exports from Indonesia

In 2021, approx. X tons of aluminium bars, rods and profiles were exported from Indonesia; surging by 14% against the previous year. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 44% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, aluminium bar exports stood at $X in 2021. In general, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2018 when exports increased by 61%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The United States (X tons) was the main destination for aluminium bar exports from Indonesia, with a 57% share of total exports. Moreover, aluminium bar exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), twofold. Canada (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+15.8% per year) and Canada (+21.0% per year).

In value terms, the United States ($X) remains the key foreign market for aluminium bars, rods and profiles exports from Indonesia, comprising 56% of total exports. The second position in the ranking was taken by Australia ($X), with a 26% share of total exports. It was followed by Canada, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+14.0% per year) and Canada (+21.0% per year).

Export Prices by Country

In 2021, the average aluminium bar export price amounted to $X per ton, waning by -2.2% against the previous year. Over the period under review, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 35%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Australia ($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 Taiwan (Chinese) (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Bar Imports

Imports into Indonesia

In 2021, purchases abroad of aluminium bars, rods and profiles decreased by -3.8% to X tons, falling for the second year in a row after five years of growth. Over the period under review, imports recorded a mild reduction. The pace of growth was the most pronounced in 2018 with an increase of 32%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, aluminium bar imports expanded remarkably to $X in 2021. In general, imports saw a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of 26% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of aluminium bar to Indonesia, accounting for a 65% share of total imports. Moreover, aluminium bar imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+0.4% per year) and Taiwan (Chinese) (+0.3% per year).

In value terms, China ($X) constituted the largest supplier of aluminium bars, rods and profiles to Indonesia, comprising 59% of total imports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-2.8% per year) and Taiwan (Chinese) (+5.2% per year).

Import Prices by Country

In 2021, the average aluminium bar import price amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2020 an increase of 21%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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