Indonesia: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Indonesia

In 2021, the Indonesian double or complex silicates market decreased by -4.1% to $X, falling for the fourth year in a row after four years of growth. In general, consumption, however, saw a noticeable decrease. Double or complex silicates consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Double Or Complex Silicates in Indonesia

In value terms, double or complex silicates production rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable setback. The growth pace was the most rapid in 2017 when the production volume increased by 29% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Double Or Complex Silicates

Exports from Indonesia

For the third year in a row, Indonesia recorded growth in overseas shipments of double or complex silicates, which increased by 109% to X tons in 2021. In general, exports, however, showed a dramatic downturn. The growth pace was the most rapid in 2019 with an increase of 376%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, double or complex silicates exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 291% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for double or complex silicates exports from Indonesia, with a 87% share of total exports. Moreover, double or complex silicates exports to Japan exceeded the volume sent to the second major destination, Thailand (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +21.7%.

In value terms, Japan ($X) remains the key foreign market for double or complex silicates exports from Indonesia, comprising 83% of total exports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at -9.5%.

Export Prices by Country

In 2021, the average double or complex silicates export price amounted to $X per ton, shrinking by -23.2% against the previous year. In general, the export price recorded a deep slump. The growth pace was the most rapid in 2016 when the average export price increased by 244%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Japan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+37.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Double Or Complex Silicates

Imports into Indonesia

In 2021, approx. X tons of double or complex silicates were imported into Indonesia; falling by -17.2% compared with 2020 figures. Overall, imports saw a slight slump. The pace of growth appeared the most rapid in 2019 when imports increased by 58%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, double or complex silicates imports stood at $X in 2021. Over the period under review, imports continue to indicate a mild reduction. The growth pace was the most rapid in 2018 when imports increased by 16% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of double or complex silicates to Indonesia, accounting for a 78% share of total imports. Moreover, double or complex silicates imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. The third position in this ranking was held by Thailand (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+22.3% per year) and Thailand (+28.9% per year).

In value terms, China ($X) constituted the largest supplier of double or complex silicates to Indonesia, comprising 56% of total imports. The second position in the ranking was taken by South Korea ($X), with a 6.4% share of total imports. It was followed by Thailand, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+12.1% per year) and Thailand (+17.8% per year).

Import Prices by Country

In 2021, the average double or complex silicates import price amounted to $X per ton, rising by 22% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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