Indonesia: Buta-1,3-Diene And Isoprene Market 2024

Buta-1,3-Diene And Isoprene Market Size in Indonesia

The Indonesian buta-1,3-diene and isoprene market dropped to $X in 2022, reducing by -7.1% against the previous year. Over the period under review, consumption, however, saw a pronounced expansion. Buta-1,3-diene and isoprene consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Buta-1,3-Diene And Isoprene Production in Indonesia

In value terms, buta-1,3-diene and isoprene production fell to $X in 2022 estimated in export price. In general, production, however, posted a temperate increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 38% against the previous year. Buta-1,3-diene and isoprene production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Buta-1,3-Diene And Isoprene Exports

Exports from Indonesia

After four years of decline, shipments abroad of buta-1,3-diene and isoprene increased by 11% to X tons in 2022. Overall, exports recorded a strong increase. The growth pace was the most rapid in 2014 with an increase of 243%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, buta-1,3-diene and isoprene exports contracted to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 198% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for buta-1,3-diene and isoprene exports from Indonesia, with a 48% share of total exports. Moreover, buta-1,3-diene and isoprene exports to Japan exceeded the volume sent to the second major destination, Singapore (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+8.3% per year) and Taiwan (Chinese) (+41.3% per year).

In value terms, Singapore ($X), Taiwan (Chinese) ($X) and Japan ($X) constituted the largest markets for buta-1,3-diene and isoprene exported from Indonesia worldwide, with a combined 62% share of total exports.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +35.2%, saw the highest rates of growth with regard to 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 buta-1,3-diene and isoprene export price stood at $X per ton in 2022, waning by -18.3% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Japan ($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 Singapore (+2.9%), while the prices for the other major destinations experienced a decline.

Buta-1,3-Diene And Isoprene Imports

Imports into Indonesia

In 2022, approx. X tons of buta-1,3-diene and isoprene were imported into Indonesia; picking up by 21% on the previous year. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 101% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, buta-1,3-diene and isoprene imports dropped slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 152%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), Singapore (X tons) and Malaysia (X tons) were the main suppliers of buta-1,3-diene and isoprene imports to Indonesia, together comprising 79% 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 +10.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Singapore ($X) and Taiwan (Chinese) ($X) were the largest buta-1,3-diene and isoprene suppliers to Indonesia, together accounting for 71% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +12.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average buta-1,3-diene and isoprene import price amounted to $X per ton, with a decrease of -20.5% against the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. Over the period under review, average import prices reached 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 Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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