Indonesia: Ethanol Market 2024

Ethanol Market Size in Indonesia

The Indonesian ethanol market amounted to $X in 2022, growing by 3% against the previous year. In general, consumption, however, recorded noticeable growth. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Ethanol Production in Indonesia

In value terms, ethanol production amounted to $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion 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, production decreased by -2.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 27%. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Ethanol Exports

Exports from Indonesia

In 2022, approx. X litres of ethyl alcohol were exported from Indonesia; declining by -43.5% on the previous year's figure. Overall, exports showed a perceptible decrease. The pace of growth appeared the most rapid in 2018 with an increase of 247%. As a result, the exports reached the peak of X litres. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ethanol exports declined dramatically to $X in 2022. In general, exports showed a mild downturn. The pace of growth appeared the most rapid in 2018 with an increase of 210% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X litres) was the main destination for ethanol exports from Indonesia, accounting for a 93% share of total exports. It was followed by Thailand (X litres), with a 2.5% share of total exports. The third position in this ranking was held by Japan (X litres), with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines stood at +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-2.7% per year) and Japan (-24.5% per year).

In value terms, the Philippines ($X) remains the key foreign market for ethyl alcohol exports from Indonesia, comprising 92% of total exports. The second position in the ranking was taken by Thailand ($X), with a 3.2% share of total exports. It was followed by Japan, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines amounted to +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-1.9% per year) and Japan (-25.9% per year).

Export Prices by Country

In 2022, the average ethanol export price amounted to $X per litre, increasing by 2.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2020 when the average export price increased by 23%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per litre), while the average price for exports to Japan ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanol Imports

Imports into Indonesia

In 2022, after two years of growth, there was significant decline in purchases abroad of ethyl alcohol, when their volume decreased by -53.8% to X litres. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,473%. Over the period under review, imports reached the maximum at X litres in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, ethanol imports contracted remarkably to $X in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 2,372%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Pakistan (X litres) was the main ethanol supplier to Indonesia, with a 98% share of total imports. It was followed by Malaysia (X litres), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Pakistan totaled +122.8%.

In value terms, Pakistan ($X) constituted the largest supplier of ethyl alcohol to Indonesia, comprising 95% of total imports. The second position in the ranking was held by Malaysia ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Pakistan totaled +114.0%.

Import Prices by Country

The average ethanol import price stood at $X per litre in 2022, flattening at the previous year. In general, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 45%. The import price peaked at $X per litre in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per litre), while the price for Pakistan stood at $X per litre.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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