Indonesia: Lysine Market 2024

Lysine Market Size in Indonesia

The Indonesian lysine market reached $X in 2022, picking up by 11% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lysine Production in Indonesia

In value terms, lysine production declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a deep reduction. The growth pace was the most rapid in 2021 when the production volume increased by 3.8%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Lysine Exports

Exports from Indonesia

In 2022, the amount of lysine and its esters, and salts thereof exported from Indonesia declined dramatically to X tons, shrinking by -24.4% compared with the previous year. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by 14% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, lysine exports surged to $X in 2022. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 30%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for lysine exports from Indonesia, accounting for a 24% share of total exports. Moreover, lysine exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was taken by India (X tons), with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-10.8% per year) and India (+4.9% per year).

In value terms, the largest markets for lysine exported from Indonesia were Spain ($X), India ($X) and the Netherlands ($X), together accounting for 41% of total exports. Japan, Vietnam, France, Italy, Thailand, Russia, the UK, Poland, Germany and Portugal lagged somewhat behind, together comprising a further 37%.

France, with a CAGR of +23.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lysine export price stood at $X per ton in 2022, surging by 68% against the previous year. Overall, the export price, however, recorded a mild setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Japan ($X per ton), while the average price for exports to France ($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 Japan (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lysine Imports

Imports into Indonesia

In 2022, approx. X tons of lysine and its esters, and salts thereof were imported into Indonesia; declining by -26.2% on the previous year. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 106%. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted dramatically in the following year.

In value terms, lysine imports amounted to $X in 2022. In general, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 76%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) was the main supplier of lysine to Indonesia, accounting for a 97% share of total imports. It was followed by South Korea (X tons), with a 2.2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +20.8%.

In value terms, China ($X) constituted the largest supplier of lysine and its esters, and salts thereof to Indonesia, comprising 94% of total imports. The second position in the ranking was taken by South Korea ($X), with a 3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +16.0%.

Import Prices by Country

The average lysine import price stood at $X per ton in 2022, increasing by 37% against the previous year. In general, the import price, however, continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2021 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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