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

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

The Indonesian high-tenacity filament polyester yarn market expanded modestly to $X in 2021, picking up by 4.8% against the previous year. Over the period under review, consumption recorded a pronounced contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Polyesters in Indonesia

In value terms, high-tenacity filament polyester yarn production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 28%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Indonesia

In 2021, high-tenacity filament polyester yarn exports from Indonesia surged to X tons, jumping by 42% compared with 2020. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 125% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, high-tenacity filament polyester yarn exports surged to $X in 2021. In general, exports showed strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 104% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X tons), the United States (X tons) and Brazil (X tons) were the main destinations of high-tenacity filament polyester yarn exports from Indonesia, together accounting for 95% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +98.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for high-tenacity filament polyester yarn exported from Indonesia were Thailand ($X), the United States ($X) and China ($X), together comprising 92% of total exports. These countries were followed by Brazil and Turkey, which together accounted for a further 3.8%.

Among the main countries of destination, Brazil, with a CAGR of +68.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average high-tenacity filament polyester yarn export price stood at $X per ton in 2021, with an increase of 2.5% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 10%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Turkey ($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 (+0.4%), while the prices for the other major destinations experienced a decline.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Indonesia

In 2021, after two years of decline, there was significant growth in supplies from abroad of high-tenacity filament yarn of polyesters, when their volume increased by 78% to X tons. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn imports soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest high-tenacity filament polyester yarn supplier to Indonesia, with a 78% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+35.8% per year) and Taiwan (Chinese) (-11.2% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Indonesia, comprising 72% of total imports. The second position in the ranking was held by Vietnam ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+18.3% per year) and Taiwan (Chinese) (-16.8% per year).

Import Prices by Country

In 2021, the average high-tenacity filament polyester yarn import price amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2015 an increase of 16%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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