Indonesia: Market for Industrial Tall Oil Fatty Acids 2025

Market Size for Industrial Tall Oil Fatty Acids in Indonesia

The Indonesian tall oil fatty acids market surged to $X in 2021, picking up by 6,693% against the previous year. In general, consumption saw a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Industrial Tall Oil Fatty Acids in Indonesia

In value terms, tall oil fatty acids production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 82%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Industrial Tall Oil Fatty Acids

Exports from Indonesia

In 2021, tall oil fatty acids exports from Indonesia contracted dramatically to X tons, which is down by -43.6% on the previous year. In general, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 552% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tall oil fatty acids exports declined notably to $X in 2021. Over the period under review, exports showed a precipitous slump. The pace of growth was the most pronounced in 2017 when exports increased by 406% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Gambia (X tons) was the main destination for tall oil fatty acids exports from Indonesia, accounting for a 68% share of total exports. Moreover, tall oil fatty acids exports to Gambia exceeded the volume sent to the second major destination, Malawi (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Gambia stood at -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (-18.5% per year) and Kenya (-35.6% per year).

In value terms, Malawi ($X) emerged as the key foreign market for industrial tall oil fatty acids exports from Indonesia, comprising 58% of total exports. The second position in the ranking was held by Gambia ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Malawi totaled -22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gambia (-9.5% per year) and Kenya (-31.2% per year).

Export Prices by Country

In 2021, the average tall oil fatty acids export price amounted to $X per ton, which is down by -6.3% against the previous year. In general, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Kenya ($X per ton), while the average price for exports to Gambia ($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 Belgium (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Tall Oil Fatty Acids

Imports into Indonesia

In 2021, supplies from abroad of industrial tall oil fatty acids decreased by -10% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 127% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, tall oil fatty acids imports expanded remarkably to $X in 2021. In general, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 104%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of tall oil fatty acids to Indonesia, with a 87% share of total imports. Moreover, tall oil fatty acids imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.0% per year) and the Netherlands (-23.0% per year).

In value terms, the United States ($X) constituted the largest supplier of industrial tall oil fatty acids to Indonesia, comprising 78% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.1% per year) and the Netherlands (-21.5% per year).

Import Prices by Country

In 2021, the average tall oil fatty acids import price amounted to $X per ton, jumping by 27% against the previous year. In general, the import price, however, saw a mild shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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