Indonesia: Market for High-Tenacity Filament Yarn Of Aramids 2024

Market Size for High-Tenacity Filament Yarn Of Aramids in Indonesia

The Indonesian high-tenacity filament aramids yarn market expanded sharply to $X in 2022, increasing by 8.3% against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of High-Tenacity Filament Yarn Of Aramids in Indonesia

In value terms, high-tenacity filament aramids yarn production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production recorded strong growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 59%. High-tenacity filament aramids yarn production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of High-Tenacity Filament Yarn Of Aramids

Exports from Indonesia

In 2022, approx. X tons of high-tenacity filament yarn of aramids were exported from Indonesia; with a decrease of -46.7% against 2021. In general, exports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2017 when exports increased by 1,576% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament aramids yarn exports shrank rapidly to $X in 2022. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 1,695% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons), Singapore (X tons) and Bangladesh (X kg) were the main destinations of high-tenacity filament aramids yarn exports from Indonesia, together accounting for 93% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +45.5%), while the other leaders experienced mixed trend patterns.

In value terms, the UK ($X) remains the key foreign market for high-tenacity filament yarn of aramids exports from Indonesia, comprising 54% of total exports. The second position in the ranking was held by Egypt ($X), with a 19% share of total exports. It was followed by Singapore, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+5.1% per year) and Singapore (+55.6% per year).

Export Prices by Country

The average high-tenacity filament aramids yarn export price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 78% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+40.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Aramids

Imports into Indonesia

In 2022, imports of high-tenacity filament yarn of aramids into Indonesia surged to X tons, growing by 293% compared with 2021 figures. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament aramids yarn imports surged to $X in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of high-tenacity filament aramids yarn to Indonesia, accounting for a 44% share of total imports. Moreover, high-tenacity filament aramids yarn imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +101.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+13.0% per year) and South Korea (+51.0% per year).

In value terms, China ($X), the Netherlands ($X) and South Korea ($X) appeared to be the largest high-tenacity filament aramids yarn suppliers to Indonesia, with a combined 77% share of total imports.

China, with a CAGR of +87.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average high-tenacity filament aramids yarn import price amounted to $X per ton, which is down by -27.7% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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