Indonesia: Complex Fluorine Salts Market 2024

Complex Fluorine Salts Market Size in Indonesia

The Indonesian complex fluorine salts market rose rapidly to $X in 2021, growing by 10% against the previous year. In general, consumption continues to indicate a resilient expansion. Complex fluorine salts consumption peaked in 2021 and is expected to retain growth in years to come.

Complex Fluorine Salts Production in Indonesia

In value terms, complex fluorine salts production expanded to $X in 2021 estimated in export price. Over the period under review, production enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 57%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Complex Fluorine Salts Exports

Exports from Indonesia

In 2021, shipments abroad of fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts decreased by -89.8% to X tons, falling for the third year in a row after three years of growth. Overall, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2014 with an increase of 160% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, complex fluorine salts exports shrank sharply to $X in 2021. Over the period under review, exports faced a sharp reduction. The pace of growth was the most pronounced in 2016 with an increase of 185%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Montenegro (X tons) was the main destination for complex fluorine salts exports from Indonesia, accounting for a 78% share of total exports. Moreover, complex fluorine salts exports to Montenegro exceeded the volume sent to the second major destination, India (X tons), fivefold. Japan (X tons) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Montenegro amounted to -21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-36.9% per year) and Japan (-17.5% per year).

In value terms, Montenegro ($X) emerged as the key foreign market for fluorides, fluorosilicates, fluoroaluminates and other complex fluorine salts exports from Indonesia, comprising 79% of total exports. The second position in the ranking was taken by India ($X), with a 12% share of total exports. It was followed by Japan, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Montenegro totaled -20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-37.7% per year) and Japan (-16.2% per year).

Export Prices by Country

The average complex fluorine salts export price stood at $X per ton in 2021, with a decrease of -3.2% against the previous year. Overall, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, complex fluorine salts export price decreased by -5.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($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 China (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Complex Fluorine Salts Imports

Imports into Indonesia

Complex fluorine salts imports into Indonesia skyrocketed to X tons in 2021, surging by 109% against the previous year's figure. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, complex fluorine salts imports soared to $X in 2021. Overall, imports recorded buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by 70%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of complex fluorine salts to Indonesia, with a 70% share of total imports. Moreover, complex fluorine salts imports from China exceeded the figures recorded by the second-largest supplier, Jordan (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+59.4% per year) and Germany (-7.8% per year).

In value terms, the largest complex fluorine salts suppliers to Indonesia were China ($X), the United States ($X) and Jordan ($X), together accounting for 89% of total imports.

Among the main suppliers, the United States, with a CAGR of +57.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average complex fluorine salts import price stood at $X per ton in 2021, which is down by -23% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 47%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 UK (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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