Indonesia: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2024

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Indonesia

The Indonesian high-tenacity filament nylon yarn market surged to $X in 2022, picking up by 74% against the previous year. Overall, consumption, however, showed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Indonesia

In value terms, high-tenacity filament nylon yarn production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by 23% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports from Indonesia

In 2022, high-tenacity filament nylon yarn exports from Indonesia reduced remarkably to X tons, with a decrease of -30.2% compared with the year before. Overall, exports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2013 with an increase of 34% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, high-tenacity filament nylon yarn exports soared to $X in 2022. In general, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for high-tenacity filament nylon yarn exports from Indonesia, with a 53% share of total exports. Moreover, high-tenacity filament nylon yarn exports to Thailand exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Thailand stood at +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+19.8% per year) and Taiwan (Chinese) (-16.2% per year).

In value terms, Thailand ($X) remains the key foreign market for high-tenacity filament yarn of nylon or other polyamides exports from Indonesia, comprising 57% of total exports. The second position in the ranking was held by Vietnam ($X), with a 25% share of total exports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Thailand totaled +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+30.9% per year) and Taiwan (Chinese) (-12.4% per year).

Export Prices by Country

The average high-tenacity filament nylon yarn export price stood at $X per ton in 2022, increasing by 80% against the previous year. In general, the export price recorded a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per ton) and Vietnam ($X per ton), while the average price for exports to India ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports into Indonesia

After two years of growth, supplies from abroad of high-tenacity filament yarn of nylon or other polyamides decreased by -26.3% to X tons in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, high-tenacity filament nylon yarn imports rose sharply to $X in 2022. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 84% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of high-tenacity filament nylon yarn to Indonesia, accounting for a 70% share of total imports. Moreover, high-tenacity filament nylon yarn imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.4% per year) and Taiwan (Chinese) (+1.7% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of nylon or other polyamides to Indonesia, comprising 78% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 5.4% share of total imports. It was followed by Turkey, with a 5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+18.0% per year) and Turkey (+29.8% per year).

Import Prices by Country

The average high-tenacity filament nylon yarn import price stood at $X per ton in 2022, rising by 53% against the previous year. Over the period under review, the import price saw a tangible increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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