Indonesia: Market for Lauric Acid And Other Acids, Their Salts And Esters 2025

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Indonesia

In 2021, the Indonesian market for lauric acid and other acids, their salts and esters decreased by -13.3% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption, however, recorded a perceptible shrinkage. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Lauric Acid And Other Acids, Their Salts And Esters in Indonesia

In value terms, production of lauric acid and other acids, their salts and esters declined notably to $X in 2021 estimated in export price. In general, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 57% against the previous year. As a result, production reached the peak level of $X, and then shrank significantly in the following year.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from Indonesia

In 2021, shipments abroad of lauric acid and other acids, their salts and esters decreased by -2% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 93% against the previous year. The exports peaked at X tons in 2020, and then contracted modestly in the following year.

In value terms, exports of lauric acid and other acids, their salts and esters surged to $X in 2021. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 96% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for exports of lauric acid and other acids, their salts and esters from Indonesia, accounting for a 37% share of total exports. Moreover, exports of lauric acid and other acids, their salts and esters to the Netherlands exceeded the volume sent to the second major destination, China (X tons), threefold. The Philippines (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+15.6% per year) and the Philippines (+81.0% per year).

In value terms, the largest markets for lauric acid and other acids, their salts and esters exported from Indonesia were the Netherlands ($X), China ($X) and the Philippines ($X), with a combined 60% share of total exports.

Among the main countries of destination, the Philippines, with a CAGR of +64.9%, recorded 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

In 2021, the average export price for lauric acid and other acids, their salts and esters amounted to $X per ton, jumping by 55% against the previous year. In general, the export price, however, saw a slight setback. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to the Netherlands ($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 (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Indonesia

In 2021, the amount of lauric acid and other acids, their salts and esters imported into Indonesia soared to X tons, picking up by 30% against 2020. In general, imports, however, recorded a pronounced reduction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of lauric acid and other acids, their salts and esters skyrocketed to $X in 2021. Over the period under review, imports, however, showed a pronounced decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of lauric acid and other acids, their salts and esters to Indonesia, accounting for a 66% share of total imports. Moreover, imports of lauric acid and other acids, their salts and esters from Malaysia exceeded the figures recorded by the second-largest supplier, Japan (X tons), sevenfold. The United States (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia amounted to -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+22.3% per year) and the United States (+1.9% per year).

In value terms, Malaysia ($X) constituted the largest supplier of lauric acid and other acids, their salts and esters to Indonesia, comprising 41% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by Japan, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.3% per year) and Japan (+16.7% per year).

Import Prices by Country

In 2021, the average import price for lauric acid and other acids, their salts and esters amounted to $X per ton, picking up by 34% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Thailand ($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 (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :