Indonesia: Plaster Article Market 2024

Plaster Article Market Size in Indonesia

The Indonesian plaster article market rose remarkably to $X in 2021, growing by 5.6% against the previous year. In general, consumption showed a resilient expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Plaster Article Production in Indonesia

In value terms, plaster article production reached $X in 2021 estimated in export price. In general, production recorded prominent growth. The growth pace was the most rapid in 2019 with an increase of 48%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Plaster Article Exports

Exports from Indonesia

In 2021, plaster article exports from Indonesia reduced modestly to X tons, remaining relatively unchanged against the year before. Overall, exports showed a noticeable setback. The most prominent rate of growth was recorded in 2016 with an increase of 65%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, plaster article exports dropped markedly to $X in 2021. In general, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 36%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Singapore (X tons) and the Philippines (X tons) were the main destinations of plaster article exports from Indonesia, together accounting for 73% of total exports. These countries were followed by Vietnam, Brunei Darussalam, Maldives, Australia and the United Arab Emirates, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were in Australia (with a CAGR of +36.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plaster article exported from Indonesia were Malaysia ($X), Singapore ($X) and the Philippines ($X), together comprising 63% of total exports. These countries were followed by Vietnam, Brunei Darussalam, Maldives, Australia and the United Arab Emirates, which together accounted for a further 29%.

Australia, with a CAGR of +28.9%, saw the highest growth rate of the value of exports, among 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

The average plaster article export price stood at $X per ton in 2021, waning by -16.1% against the previous year. Over the period under review, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 27%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Singapore ($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 United Arab Emirates (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Article Imports

Imports into Indonesia

In 2021, imports of articles of plaster or of compositions based on plaster into Indonesia reduced dramatically to X tons, which is down by -70.2% against 2020. In general, imports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2020 when imports increased by 154%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, plaster article imports declined remarkably to $X in 2021. Over the period under review, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 42%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), China (X tons) and Germany (X tons) were the main suppliers of plaster article imports to Indonesia, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +18.1%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of plaster article to Indonesia, comprising 42% of total imports. The second position in the ranking was taken by Thailand ($X), with a 20% share of total imports. It was followed by Japan, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-17.8% per year) and Japan (+2.5% per year).

Import Prices by Country

In 2021, the average plaster article import price amounted to $X per ton, rising by 151% against the previous year. In general, the import price posted a buoyant expansion. The growth pace was the most rapid in 2019 when the average import price increased by 153%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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