Indonesia: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Indonesia

In 2021, the Indonesian market for articles of asbestos-cement, of cellulose fibre-cement was finally on the rise to reach $X after three years of decline. In general, consumption, however, continues to indicate a deep slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Indonesia

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement expanded remarkably to $X in 2021 estimated in export price. In general, production, however, saw a drastic downturn. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports from Indonesia

In 2021, overseas shipments of articles of asbestos-cement, of cellulose fibre-cement increased by 3.1% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 844% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement contracted to $X in 2021. Overall, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 when exports increased by 548% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for exports of articles of asbestos-cement, of cellulose fibre-cement from Indonesia, with a 73% share of total exports. Moreover, exports of articles of asbestos-cement, of cellulose fibre-cement to Malaysia exceeded the volume sent to the second major destination, Papua New Guinea (X tons), sevenfold. Timor-Leste (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled +38.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+135.4% per year) and Timor-Leste (+42.4% per year).

In value terms, Malaysia ($X) remains the key foreign market for articles of asbestos-cement, of cellulose fibre-cement exports from Indonesia, comprising 58% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a 24% share of total exports. It was followed by Timor-Leste, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia amounted to +39.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+99.0% per year) and Timor-Leste (+24.3% per year).

Export Prices by Country

The average export price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2021, reducing by -7.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 144%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Malaysia ($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 Malaysia (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports into Indonesia

Imports of articles of asbestos-cement, of cellulose fibre-cement into Indonesia dropped remarkably to X tons in 2021, with a decrease of -51.4% against the previous year's figure. In general, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by 88% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement shrank significantly to $X in 2021. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 46%. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest articles of asbestos-cement, of cellulose fibre-cement supplier to Indonesia, with a 76% share of total imports. Moreover, imports of articles of asbestos-cement, of cellulose fibre-cement from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. The third position in this ranking was taken by South Korea (X tons), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.6% per year) and South Korea (+34.7% per year).

In value terms, China ($X) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to Indonesia, comprising 52% of total imports. The second position in the ranking was held by South Korea ($X), with a 24% share of total imports. It was followed by Japan, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+25.3% per year) and Japan (-10.8% per year).

Import Prices by Country

The average import price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2021, with an increase of 23% against the previous year. Over the period under review, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 an increase of 73%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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