Indonesia: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in Indonesia

In 2021, the Indonesian calcium carbonate market increased by 21% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption showed a strong expansion. Calcium carbonate consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Calcium Carbonate Exports

Exports from Indonesia

After four years of growth, shipments abroad of calcium carbonate decreased by -26.1% to X tons in 2021. Overall, exports faced a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 100% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, calcium carbonate exports fell dramatically to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 103% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons), Pakistan (X tons) and Vietnam (X tons) were the main destinations of calcium carbonate exports from Indonesia, together comprising 38% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +37.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for calcium carbonate exported from Indonesia were Pakistan ($X), Madagascar ($X) and the Philippines ($X), with a combined 47% share of total exports. These countries were followed by Myanmar, Malaysia, Vietnam, Nigeria, Angola, Djibouti, South Africa, India, Singapore and Australia, which together accounted for a further 42%.

Vietnam, with a CAGR of +31.1%, recorded 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 calcium carbonate export price stood at $X per ton in 2021, waning by -2.1% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calcium carbonate export price decreased by -15.1% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 37% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while the average price for exports to Australia ($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 Philippines (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Calcium Carbonate Imports

Imports into Indonesia

After two years of decline, overseas purchases of calcium carbonate increased by 2.3% to X tons in 2021. Overall, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 23% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, calcium carbonate imports surged to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of calcium carbonate imports to Indonesia, with a combined 80% share of total imports. China, Japan and Turkey lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +36.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest calcium carbonate suppliers to Indonesia were Malaysia ($X), Taiwan (Chinese) ($X) and Vietnam ($X), together accounting for 71% of total imports. These countries were followed by China, Japan and Turkey, which together accounted for a further 21%.

In terms of the main suppliers, Turkey, with a CAGR of +50.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average calcium carbonate import price stood at $X per ton in 2021, growing by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 37%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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