Indonesia: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Indonesia

The Indonesian plastic household articles market was estimated at $X in 2022, increasing by 10% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Household Articles Production in Indonesia

In value terms, plastic household articles production expanded significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 56%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Plastic Household Articles Exports

Exports from Indonesia

In 2022, shipments abroad of household articles and toilet articles of plastics increased by 98% to X tons, rising for the second year in a row after six years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plastic household articles exports soared to $X in 2022. In general, exports recorded moderate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for plastic household articles exports from Indonesia, with a 19% share of total exports. Moreover, plastic household articles exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-1.5% per year) and South Korea (+37.6% per year).

In value terms, the United States ($X) remains the key foreign market for household articles and toilet articles of plastics exports from Indonesia, comprising 22% of total exports. The second position in the ranking was taken by Japan ($X), with a 6.5% share of total exports. It was followed by Saudi Arabia, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+0.2% per year) and Saudi Arabia (-0.3% per year).

Export Prices by Country

In 2022, the average plastic household articles export price amounted to $X per ton, picking up by 2.3% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic household articles export price increased by +80.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 42% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Timor-Leste ($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 Mexico (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Indonesia

In 2022, overseas purchases of household articles and toilet articles of plastics increased by 27% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +122.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 75% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, plastic household articles imports surged to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 50%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic household articles to Indonesia, with a 89% share of total imports. Moreover, plastic household articles imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. Malaysia (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+4.9% per year) and Malaysia (-9.6% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to Indonesia, comprising 85% of total imports. The second position in the ranking was taken by Thailand ($X), with a 5.2% share of total imports. It was followed by Malaysia, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+0.3% per year) and Malaysia (-11.6% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, dropping by -5% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Thailand ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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