Indonesia: Sodium Carbonate Market 2024

Sodium Carbonate Market Size in Indonesia

After five years of decline, the Indonesian sodium carbonate market increased by 12% to $X in 2022. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Sodium Carbonate Production in Indonesia

In value terms, sodium carbonate production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable setback. The growth pace was the most rapid in 2016 when the production volume increased by 9.5% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Sodium Carbonate Exports

Exports from Indonesia

In 2022, shipments abroad of sodium carbonate decreased by -77% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, sodium carbonate exports dropped remarkably to $X in 2022. In general, exports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nigeria (X tons) was the main destination for sodium carbonate exports from Indonesia, with a 87% share of total exports. Moreover, sodium carbonate exports to Nigeria exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold. The third position in this ranking was held by New Zealand (X tons), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria totaled -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-15.1% per year) and New Zealand (+30.3% per year).

In value terms, Nigeria ($X) remains the key foreign market for sodium carbonate exports from Indonesia, comprising 85% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 5.1% share of total exports. It was followed by India, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nigeria amounted to -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-8.7% per year) and India (+2.9% per year).

Export Prices by Country

The average sodium carbonate export price stood at $X per ton in 2022, growing by 9.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 11% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to New Zealand ($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 India (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Carbonate Imports

Imports into Indonesia

In 2022, supplies from abroad of sodium carbonate increased by 25% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sodium carbonate imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of sodium carbonate to Indonesia, accounting for a 71% share of total imports. Moreover, sodium carbonate imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Turkey (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.2% per year) and Turkey (+64.3% per year).

In value terms, the United States ($X) constituted the largest supplier of sodium carbonate to Indonesia, comprising 69% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Turkey, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.0% per year) and Turkey (+73.5% per year).

Import Prices by Country

The average sodium carbonate import price stood at $X per ton in 2022, jumping by 47% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and China ($X per ton), while the price for Turkey ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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