Indonesia: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Indonesia

The Indonesian industrial monocarboxylic fatty acids market contracted to $X in 2021, shrinking by -14.7% against the previous year. Overall, consumption, however, recorded a slight decrease. Industrial monocarboxylic fatty acids consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Industrial Monocarboxylic Fatty Acids in Indonesia

In value terms, industrial monocarboxylic fatty acids production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 34%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Indonesia

Industrial monocarboxylic fatty acids exports from Indonesia skyrocketed to X tons in 2021, picking up by 27% compared with the year before. In general, exports recorded a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2021. Overall, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Malaysia (X tons) and China (X tons) were the main destinations of industrial monocarboxylic fatty acids exports from Indonesia, together comprising 54% of total exports. These countries were followed by India, Italy, South Korea, Spain and Singapore, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +29.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial monocarboxylic fatty acids exported from Indonesia were the Netherlands ($X), Malaysia ($X) and China ($X), with a combined 56% share of total exports. These countries were followed by India, Italy, South Korea, Spain and Singapore, which together accounted for a further 33%.

In terms of the main countries of destination, South Korea, with a CAGR of +30.0%, recorded the highest growth rate of 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 industrial monocarboxylic fatty acids export price stood at $X per ton in 2021, increasing by 54% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids export price increased by +92.2% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Malaysia ($X per ton) and China ($X per ton), while the average price for exports to South Korea ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Indonesia

In 2021, purchases abroad of industrial monocarboxylic fatty acids decreased by -51.4% to X tons, falling for the third year in a row after four years of growth. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 741% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids imports declined markedly to $X in 2021. Over the period under review, imports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of 415%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of industrial monocarboxylic fatty acids to Indonesia, accounting for a 60% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Malaysia exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia amounted to +42.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+13.5% per year) and Turkey (+30.7% per year).

In value terms, Malaysia ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to Indonesia, comprising 52% of total imports. The second position in the ranking was held by Japan ($X), with a 17% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia totaled +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+11.2% per year) and China (-13.1% per year).

Import Prices by Country

The average industrial monocarboxylic fatty acids import price stood at $X per ton in 2021, surging by 70% against the previous year. Over the period under review, the import price, however, showed a perceptible shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Thailand ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+59.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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