Indonesia: Fluoropolymers Market 2024

Fluoropolymers Market Size in Indonesia

The Indonesian fluoropolymers market soared to $X in 2021, rising by 38% 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). Overall, consumption recorded a significant increase. Fluoropolymers consumption peaked in 2021 and is expected to retain growth in the immediate term.

Fluoropolymers Exports

Exports from Indonesia

In 2021, the amount of fluoropolymers exported from Indonesia surged to X tons, rising by 47% on the year before. Over the period under review, exports, however, faced a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of 97% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, fluoropolymers exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2015 when exports increased by 206% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for fluoropolymers exports from Indonesia, accounting for a 75% share of total exports. Moreover, fluoropolymers exports to Malaysia exceeded the volume sent to the second major destination, Thailand (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-20.2% per year) and Singapore (-39.3% per year).

In value terms, the largest markets for fluoropolymers exported from Indonesia were Malaysia ($X), Thailand ($X) and Singapore ($X), together comprising 96% of total exports.

Thailand, with a CAGR of +9.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average fluoropolymers export price stood at $X per ton in 2021, rising by 14% against the previous year. In general, the export price posted a prominent expansion. The pace of growth was the most pronounced in 2014 an increase of 177% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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 China ($X per ton), while the average price for exports to Singapore ($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 Thailand (+36.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fluoropolymers Imports

Imports into Indonesia

In 2021, approx. X tons of fluoropolymers were imported into Indonesia; increasing by 25% on 2020 figures. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 414%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, fluoropolymers imports surged to $X in 2021. Overall, imports recorded significant growth. The growth pace was the most rapid in 2014 with an increase of 570% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of fluoropolymers to Indonesia, with a 83% share of total imports. Moreover, fluoropolymers imports from South Korea exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea amounted to +105.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+37.4% per year) and the United States (+22.3% per year).

In value terms, the largest fluoropolymers suppliers to Indonesia were South Korea ($X), Japan ($X) and the United States ($X), with a combined 83% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +88.7%, saw 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 fluoropolymers import price stood at $X per ton in 2021, increasing by 26% against the previous year. In general, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 30%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average 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 ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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