Indonesia: Amino Resin Market 2025

Amino Resin Market Size in Indonesia

The Indonesian amino resin market contracted notably to $X in 2022, which is down by -26.7% 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, enjoyed strong growth. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Amino Resin Exports

Exports from Indonesia

In 2022, the amount of amino resins exported from Indonesia surged to X tons, rising by 17% on 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 23% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, amino resin exports soared to $X in 2022. Over the period under review, exports, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2018 when exports increased by 50% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons), Malaysia (X tons) and China (X tons) were the main destinations of amino resin exports from Indonesia, together comprising 77% of total exports. The UK, Thailand, Singapore and Brunei Darussalam lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Brunei Darussalam (with a CAGR of +31.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amino resin exported from Indonesia were India ($X), Malaysia ($X) and China ($X), together accounting for 75% of total exports.

Among the main countries of destination, China, with a CAGR of +27.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average amino resin export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2018 an increase of 22%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.1%), while the prices for the other major destinations experienced a decline.

Amino Resin Imports

Imports into Indonesia

In 2022, imports of amino resins into Indonesia reduced sharply to X tons, with a decrease of -17.2% compared with the year before. Overall, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 46%. Over the period under review, imports hit record highs at X tons in 2021, and then declined notably in the following year.

In value terms, amino resin imports fell dramatically to $X in 2022. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 71% against the previous year. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of amino resin to Indonesia, with a 44% share of total imports. Moreover, amino resin imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+40.5% per year) and South Korea (+12.1% per year).

In value terms, China ($X) constituted the largest supplier of amino resins to Indonesia, comprising 35% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 16% share of total imports. It was followed by South Korea, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+34.2% per year) and South Korea (+7.8% per year).

Import Prices by Country

The average amino resin import price stood at $X per ton in 2022, shrinking by -13% against the previous year. Over the period under review, the import price continues to indicate a mild slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 51%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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