Indonesia: Extruded Rod Market 2022

Extruded Rod Market Size in Indonesia

In 2021, the Indonesian extruded rod market decreased by -X% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption showed a drastic downturn. 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.

Extruded Rod Production in Indonesia

In value terms, extruded rod production totaled $X in 2021 estimated in export price. In general, production, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Extruded Rod Exports

Exports from Indonesia

In 2021, the amount of extruded rods and profile shapes of cellular vulcanised rubber exported from Indonesia fell rapidly to X tons, waning by -X% on 2020 figures. Overall, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, extruded rod exports declined markedly to $X in 2021. In general, exports continue to indicate a mild decline. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for extruded rod exports from Indonesia, accounting for a X% share of total exports. Moreover, extruded rod exports to Thailand exceeded the volume sent to the second major destination, Malaysia (X tons), sevenfold. Japan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-X% per year) and Japan (+X% per year).

In value terms, Thailand ($X) remains the key foreign market for extruded rod exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Thailand stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

In 2021, the average extruded rod export price amounted to $X per ton, rising by X% against the previous year. In general, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, extruded rod export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Thailand ($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 Malaysia (+X%), while the prices for the other major destinations experienced a decline.

Extruded Rod Imports

Imports into Indonesia

In 2021, supplies from abroad of extruded rods and profile shapes of cellular vulcanised rubber decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, extruded rod imports fell to $X in 2021. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons) and Vietnam (X tons) were the main suppliers of extruded rod imports to Indonesia, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +X%), while imports for the other leaders experienced a decline.

In value terms, Japan ($X), South Korea ($X) and China ($X) appeared to be the largest extruded rod suppliers to Indonesia, together accounting for X% of total imports.

Japan, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average extruded rod import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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