Indonesia: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Indonesia

In 2021, after two years of decline, there was significant growth in the Indonesian vulcanised rubber mats market, when its value increased by 13% to $X. Overall, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.2% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Vulcanised Rubber Mats Production in Indonesia

In value terms, vulcanised rubber mats production expanded markedly to $X in 2021 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% 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 decreased by -14.8% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 54%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Vulcanised Rubber Mats Exports

Exports from Indonesia

In 2021, shipments abroad of floor coverings and mats of vulcanised rubber was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a perceptible decline. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, vulcanised rubber mats exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for vulcanised rubber mats exports from Indonesia, accounting for a 25% share of total exports. Moreover, vulcanised rubber mats exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-12.0% per year) and France (-1.6% per year).

In value terms, the United States ($X) remains the key foreign market for floor coverings and mats of vulcanised rubber exports from Indonesia, comprising 22% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 9.9% share of total exports. It was followed by France, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-15.3% per year) and France (-1.9% per year).

Export Prices by Country

In 2021, the average vulcanised rubber mats export price amounted to $X per ton, surging by 2.9% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Kazakhstan ($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 Germany (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.

Vulcanised Rubber Mats Imports

Imports into Indonesia

In 2021, vulcanised rubber mats imports into Indonesia soared to X tons, rising by 23% against the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 54%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, vulcanised rubber mats imports rose rapidly to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 63% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest vulcanised rubber mats supplier to Indonesia, with a 79% share of total imports. Moreover, vulcanised rubber mats imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was held by Japan (X tons), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+8.5% per year) and Japan (+32.7% per year).

In value terms, China ($X) constituted the largest supplier of floor coverings and mats of vulcanised rubber to Indonesia, comprising 56% of total imports. The second position in the ranking was taken by Japan ($X), with a 20% share of total imports. It was followed by Singapore, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+17.6% per year) and Singapore (-11.4% per year).

Import Prices by Country

The average vulcanised rubber mats import price stood at $X per ton in 2021, shrinking by -11.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 43% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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 Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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