Indonesia: Antimony Market 2024

Antimony Market Size in Indonesia

In 2022, the Indonesian antimony market decreased by -36.4% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption saw a slight downturn. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Antimony Production in Indonesia

In value terms, antimony production dropped remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 53% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Antimony Exports

Exports from Indonesia

In 2022, overseas shipments of antimony were finally on the rise to reach X tons after three years of decline. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 2,787% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, antimony exports rose significantly to $X in 2022. In general, exports recorded a notable expansion. The pace of growth appeared the most rapid in 2017 with an increase of 2,642%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for antimony exports from Indonesia, with a 93% share of total exports. Moreover, antimony exports to China exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold. The third position in this ranking was held by Malaysia (X kg), with a 0.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+17.7% per year) and Malaysia (+1.4% per year).

In value terms, China ($X) remains the key foreign market for antimony exports from Indonesia, comprising 89% of total exports. The second position in the ranking was taken by Japan ($X), with a 7.2% share of total exports. It was followed by Malaysia, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+20.2% per year) and Malaysia (+18.9% per year).

Export Prices by Country

The average antimony export price stood at $X per ton in 2022, with an increase of 2.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 53%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to South Korea ($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 Malaysia (+17.3%), while the prices for the other major destinations experienced mixed trend patterns.

Antimony Imports

Imports into Indonesia

In 2022, approx. X tons of antimony were imported into Indonesia; reducing by -92% compared with 2021. Overall, imports saw a dramatic contraction. The pace of growth was the most pronounced in 2021 when imports increased by 1,397%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, antimony imports reduced rapidly to $X in 2022. In general, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 1,593% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of antimony to Indonesia, accounting for a 83% share of total imports. Moreover, antimony imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sevenfold. Japan (X kg) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -28.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-20.9% per year) and Japan (-35.1% per year).

In value terms, China ($X) constituted the largest supplier of antimony to Indonesia, comprising 84% of total imports. The second position in the ranking was held by Thailand ($X), with an 8.8% share of total imports. It was followed by Japan, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -28.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-24.0% per year) and Japan (-27.3% per year).

Import Prices by Country

The average antimony import price stood at $X per ton in 2022, jumping by 19% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+14.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform