Indonesia: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Indonesia

In 2022, the Indonesian azo- or azoxy-compounds market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, recorded a slight slump. Azo- or azoxy-compounds consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Azo- Or Azoxy-Compounds Production in Indonesia

In value terms, azo- or azoxy-compounds production declined to $X in 2022 estimated in export price. Overall, production saw a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of 8.3%. Azo- or azoxy-compounds production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Azo- Or Azoxy-Compounds Exports

Exports from Indonesia

In 2022, approx. X tons of diazo-, azo- or azoxy-compounds were exported from Indonesia; falling by -9.4% compared with the previous year. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, azo- or azoxy-compounds exports fell to $X in 2022. Over the period under review, exports showed a slight descent. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), the United States (X tons) and Germany (X tons) were the main destinations of azo- or azoxy-compounds exports from Indonesia, together comprising 28% of total exports. Spain, Nigeria, Brazil, Taiwan (Chinese), Thailand, Russia, the Netherlands, Israel, South Korea and India lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +12.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Germany ($X) appeared to be the largest markets for azo- or azoxy-compounds exported from Indonesia worldwide, with a combined 30% share of total exports. Spain, the Netherlands, Israel, Nigeria, Brazil, Thailand, India, South Korea, Taiwan (Chinese) and Russia lagged somewhat behind, together accounting for a further 32%.

Among the main countries of destination, India, with a CAGR of +11.2%, recorded the highest growth rate of 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

In 2022, the average azo- or azoxy-compounds export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 9.3%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Nigeria ($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 Israel (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Azo- Or Azoxy-Compounds Imports

Imports into Indonesia

In 2022, imports of diazo-, azo- or azoxy-compounds into Indonesia fell to X tons, which is down by -7% against the previous year. In general, imports showed a perceptible slump. The growth pace was the most rapid in 2018 when imports increased by 48% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, azo- or azoxy-compounds imports declined significantly to $X in 2022. Over the period under review, imports continue to indicate a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of azo- or azoxy-compounds to Indonesia, with a 70% share of total imports. Moreover, azo- or azoxy-compounds imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was taken by Thailand (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+16.4% per year) and Thailand (-5.1% per year).

In value terms, China ($X) constituted the largest supplier of diazo-, azo- or azoxy-compounds to Indonesia, comprising 58% of total imports. The second position in the ranking was taken by South Korea ($X), with a 27% share of total imports. It was followed by Thailand, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+17.8% per year) and Thailand (-9.7% per year).

Import Prices by Country

The average azo- or azoxy-compounds import price stood at $X per ton in 2022, with a decrease of -9.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 27%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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