Indonesia: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Indonesia

The Indonesian ferro-cerium and pyrophoric alloys market reduced to $X in 2021, shrinking by -13.6% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +18.0% against 2019 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Production of Ferro-Cerium And Pyrophoric Alloys in Indonesia

In value terms, ferro-cerium and pyrophoric alloys production reduced sharply to $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +28.4% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44%. As a result, production attained the peak level of $X, and then reduced remarkably in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Indonesia

In 2021, overseas shipments of ferro-cerium and pyrophoric alloys decreased by -93.9% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, exports showed a significant decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 396%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports dropped notably to $X in 2021. Over the period under review, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 534% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Greece (X kg) was the main destination for ferro-cerium and pyrophoric alloys exports from Indonesia, accounting for a 35% share of total exports. Moreover, ferro-cerium and pyrophoric alloys exports to Greece exceeded the volume sent to the second major destination, China (X kg), threefold. The third position in this ranking was taken by Spain (X kg), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to Greece amounted to -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-10.3% per year) and Spain (+22.3% per year).

In value terms, the largest markets for ferro-cerium and pyrophoric alloys exported from Indonesia were Greece ($X), China ($X) and Lebanon ($X), together comprising 52% of total exports. These countries were followed by Spain, Malaysia, Vietnam, Singapore and Saudi Arabia, which together accounted for a further 16%.

Among the main countries of destination, Spain, with a CAGR of +18.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, reducing by -26.8% against the previous year. Overall, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 45% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Greece ($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 the Philippines (+62.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Indonesia

In 2021, after four years of growth, there was significant decline in supplies from abroad of ferro-cerium and pyrophoric alloys, when their volume decreased by -72.2% to X tons. Overall, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 117% against the previous year. As a result, imports attained the peak of X tons, and then fell sharply in the following year.

In value terms, ferro-cerium and pyrophoric alloys imports declined remarkably to $X in 2021. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 121%. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Indonesia, with a combined 52% share of total imports. These countries were followed by Germany, Hong Kong SAR, Bahrain, Canada and Singapore, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +50.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X) appeared to be the largest ferro-cerium and pyrophoric alloys suppliers to Indonesia, together comprising 28% of total imports. These countries were followed by Malaysia, Germany, Canada, Bahrain and Singapore, which together accounted for a further 4.1%.

Canada, with a CAGR of +61.2%, saw the highest growth rate of 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

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, dropping by -2.4% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ferro-cerium and pyrophoric alloys import price decreased by -19.2% against 2018 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 47% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, 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 Hong Kong SAR ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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