Indonesia: Fireclay Market 2024

Fireclay Market Size in Indonesia

The Indonesian fireclay market stood at $X in 2021, with an increase of 5.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% 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 decreased by -11.1% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Fireclay Exports

Exports from Indonesia

In 2021, overseas shipments of fireclay decreased by -6.2% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 4,495% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, fireclay exports reduced to $X in 2021. Overall, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2015 when exports increased by 3,630%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for fireclay exports from Indonesia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to +38.4%.

In value terms, Malaysia ($X) also remains the key foreign market for fireclay exports from Indonesia.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia amounted to +41.1%.

Export Prices by Country

In 2021, the average fireclay export price amounted to $X per ton, rising by 2.1% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 171%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to +2.0% per year.

Fireclay Imports

Imports into Indonesia

In 2021, supplies from abroad of fireclay was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.4% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 34%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, fireclay imports expanded modestly to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.1% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 51% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of fireclay to Indonesia, with a 80% share of total imports. Moreover, fireclay imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold. The third position in this ranking was held by Japan (X tons), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+17.5% per year) and Japan (+22.8% per year).

In value terms, China ($X) constituted the largest supplier of fireclay to Indonesia, comprising 72% of total imports. The second position in the ranking was held by Japan ($X), with a 13% share of total imports. It was followed by Hong Kong SAR, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+13.2% per year) and Hong Kong SAR (+21.0% per year).

Import Prices by Country

The average fireclay import price stood at $X per ton in 2021, declining by -12.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 22%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+49.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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