Indonesia: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Indonesia

The Indonesian market for cellular plates, sheets and films of polyymers of styrene dropped modestly to $X in 2022, therefore, remained relatively stable against the previous year. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Indonesia

In value terms, production of cellular plates, sheets and films of polyymers of styrene fell to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 42% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a somewhat lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Indonesia

In 2022, exports of cellular plates, sheets and films of polyymers of styrene from Indonesia shrank dramatically to X tons, reducing by -92.9% on the previous year. Over the period under review, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2019 with an increase of 376%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene reduced rapidly to $X in 2022. Overall, exports faced a precipitous contraction. The growth pace was the most rapid in 2019 when exports increased by 244%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Indonesia, accounting for a 90% share of total exports. Moreover, exports of cellular plates, sheets and films of polyymers of styrene to Thailand exceeded the volume sent to the second major destination, Tunisia (X tons), more than tenfold. The third position in this ranking was held by Timor-Leste (X kg), with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume to Thailand stood at -13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (-21.7% per year) and Timor-Leste (-19.2% per year).

In value terms, Thailand ($X) remains the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Indonesia, comprising 93% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 4% share of total exports. It was followed by Malaysia, with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand amounted to -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (-19.8% per year) and Malaysia (-33.3% per year).

Export Prices by Country

In 2022, the average export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, jumping by 62% against the previous year. Overall, the export price showed a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Timor-Leste ($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 Timor-Leste (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Indonesia

In 2022, purchases abroad of cellular plates, sheets and films of polyymers of styrene decreased by -4.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by 296% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene totaled $X in 2022. In general, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 143% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

South Korea (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of imports of cellular plates, sheets and films of polyymers of styrene to Indonesia, with a combined 80% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +95.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polystyrene cellular plates, sheets and films suppliers to Indonesia were China ($X), South Korea ($X) and Vietnam ($X), with a combined 67% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +81.0%, saw the highest growth rate of 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

In 2022, the average import price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, surging by 20% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by 23%. The import price peaked 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 Vietnam ($X per ton), while the price for Hong Kong SAR ($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) (+8.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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