Report Update Nov 1, 2024

Indonesia - Benzene - Market Analysis, Forecast, Size, Trends and Insights

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Indonesia: Benzene Market 2024

Benzene Market Size in Indonesia

The Indonesian benzene market contracted to $X in 2022, shrinking by -5.6% against the previous year. Over the period under review, consumption saw a slight contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Benzene Production in Indonesia

In value terms, benzene production shrank modestly to $X in 2022 estimated in export price. In general, production showed a perceptible decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 44% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Benzene Exports

Exports from Indonesia

In 2022, approx. X tons of benzene were exported from Indonesia; which is down by -14.5% on the previous year's figure. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by 161% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, benzene exports shrank significantly to $X in 2022. In general, exports faced a abrupt slump. The pace of growth was the most pronounced in 2021 when exports increased by 188%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for benzene exports from Indonesia, with a 72% share of total exports. Moreover, benzene exports to China exceeded the volume sent to the second major destination, Singapore (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to China totaled +15.4%.

In value terms, China ($X) remains the key foreign market for benzene exports from Indonesia, comprising 71% of total exports. The second position in the ranking was taken by Singapore ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +8.4%.

Export Prices by Country

In 2022, the average benzene export price amounted to $X per ton, dropping by -21.2% against the previous year. Overall, the export price recorded a perceptible slump. The growth pace was the most rapid in 2021 an increase of 48%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+9.7%), while the prices for the other major destinations experienced a decline.

Benzene Imports

Imports into Indonesia

Benzene imports into Indonesia declined notably to X tons in 2022, which is down by -31.8% on 2021. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 21%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, benzene imports contracted modestly to $X in 2022. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 61% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Malaysia (X tons) and India (X tons) were the main suppliers of benzene imports to Indonesia, together accounting for 91% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +6.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest benzene suppliers to Indonesia were Thailand ($X), Malaysia ($X) and India ($X), together accounting for 91% of total imports.

Malaysia, with a CAGR of +10.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average benzene import price stood at $X per ton in 2022, rising by 46% against the previous year. Overall, the import price showed a mild expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 51% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 Malaysia ($X per ton), while the price for India ($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 (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for benzene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 39% share of global consumption.

What are the largest producers of benzene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 37% share of global production.

What are the leading suppliers of benzene to Indonesia?

In value terms, Thailand constituted the largest supplier of benzene to Indonesia, comprising 55% of total imports. The second position in the ranking was occupied by India, with a 17% share of total imports. It was followed by Malaysia, with a 15% share.

What are the leading importers of benzene from Indonesia?

In value terms, China remains the key foreign market for benzene exports from Indonesia, comprising 73% of total exports. The second position in the ranking was occupied by Singapore, with a 27% share of total exports.

What is the average export price for benzene in Indonesia?

In 2021, the average benzene export price amounted to $516 per ton, picking up by 9.3% against the previous year.

What is the average import price for benzene in Indonesia?

The average benzene import price stood at $588 per ton in 2021, picking up by 12% against the previous year.

This report provides an in-depth analysis of the benzene market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141223 - Benzene

Country coverage:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023