Indonesia: Ionones And Methylionones Market 2024

Ionones And Methylionones Market Size in Indonesia

In 2021, the Indonesian ionones and methylionones market decreased by -2.2% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +43.1% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Ionones And Methylionones Exports

Exports from Indonesia

In 2021, exports of ionones and methylionones from Indonesia contracted sharply to X tons, reducing by -20.2% against 2020. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 963%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, ionones and methylionones exports dropped notably to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 992% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for ionones and methylionones exports from Indonesia, accounting for a 88% share of total exports. Moreover, ionones and methylionones exports to Singapore exceeded the volume sent to the second major destination, China (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+55.3% per year) and Germany (0.0% per year).

In value terms, Singapore ($X) remains the key foreign market for ionones and methylionones exports from Indonesia, comprising 57% of total exports. The second position in the ranking was taken by Germany ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and China (+40.2% per year).

Export Prices by Country

The average ionones and methylionones export price stood at $X per ton in 2021, growing by 3.1% against the previous year. Over the period under review, the export price, however, saw a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Singapore ($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 (-8.2%).

Ionones And Methylionones Imports

Imports into Indonesia

For the third year in a row, Indonesia recorded growth in supplies from abroad of ionones and methylionones, which increased by 0.6% to X tons in 2021. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 60% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, ionones and methylionones imports dropped to $X in 2021. In general, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.2% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 45%. Over the period under review, imports reached the maximum at $X in 2020, and then declined in the following year.

Imports by Country

Germany (X tons), Switzerland (X tons) and China (X tons) were the main suppliers of ionones and methylionones imports to Indonesia, together accounting for 82% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +8.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ionones and methylionones suppliers to Indonesia were Germany ($X), Switzerland ($X) and China ($X), with a combined 82% share of total imports.

Among the main suppliers, Switzerland, with a CAGR of +4.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average ionones and methylionones import price amounted to $X per ton, with a decrease of -3.8% against the previous year. In general, the import price showed a perceptible curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 30%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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