Indonesia: Expanded Clays Market 2024

Expanded Clays Market Size in Indonesia

The Indonesian expanded clays market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, continues to indicate a deep reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Expanded Clays Production in Indonesia

In value terms, expanded clays production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of 17% against the previous year. Expanded clays production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Expanded Clays Exports

Exports from Indonesia

In 2021, the amount of exfoliated vermiculite, expanded clays and foamed slag exported from Indonesia reduced rapidly to X tons, shrinking by -65.8% on the previous year's figure. Overall, exports continue to indicate a sharp contraction. The smallest decline of -15.5% was in 2019. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, expanded clays exports declined markedly to $X in 2021. In general, exports continue to indicate a precipitous slump. The smallest decline of -23.9% was in 2019. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for expanded clays exports from Indonesia, with a 96% share of total exports. It was followed by Germany (X tons), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at -18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+37.4% per year) and South Korea (-70.8% per year).

In value terms, Singapore ($X) remains the key foreign market for exfoliated vermiculite, expanded clays and foamed slag exports from Indonesia, comprising 80% of total exports. The second position in the ranking was held by Germany ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled -17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+34.7% per year) and South Korea (-64.1% per year).

Export Prices by Country

The average expanded clays export price stood at $X per ton in 2021, dropping by -12.4% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 when the average export price decreased by -8.4%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+23.0%), while the prices for the other major destinations experienced mixed trend patterns.

Expanded Clays Imports

Imports into Indonesia

In 2021, imports of exfoliated vermiculite, expanded clays and foamed slag into Indonesia skyrocketed to X tons, with an increase of 104% against 2020 figures. Over the period under review, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, expanded clays imports soared to $X in 2021. In general, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of expanded clays to Indonesia, with a 45% share of total imports. Moreover, expanded clays imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. The third position in this ranking was held by Malaysia (X tons), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+21.2% per year) and Malaysia (+38.1% per year).

In value terms, the largest expanded clays suppliers to Indonesia were the UK ($X), China ($X) and the United States ($X), with a combined 65% share of total imports.

The UK, with a CAGR of +255.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average expanded clays import price amounted to $X per ton, surging by 8.6% against the previous year. Overall, the import price, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 24%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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