Indonesia: Mercury Market 2024

Mercury Market Size in Indonesia

The Indonesian mercury market reduced to $X in 2021, waning by -11.8% against the previous year. Over the period under review, consumption continues to indicate a deep downturn. Mercury consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Mercury Production in Indonesia

In value terms, mercury production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 50% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Mercury Exports

Exports from Indonesia

In 2021, mercury exports from Indonesia skyrocketed to X tons, jumping by 17% on the previous year's figure. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 743%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, mercury exports contracted remarkably to $X in 2021. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 1,651%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for mercury exports from Indonesia, with a 88% share of total exports. Moreover, mercury exports to Singapore exceeded the volume sent to the second major destination, Japan (X tons), ninefold. Malaysia (X tons) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore amounted to +138.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+55.4% per year) and Malaysia (+33.6% per year).

In value terms, Singapore ($X) remains the key foreign market for mercuries exports from Indonesia, comprising 100% of total exports. The second position in the ranking was held by Malaysia ($X), with a 0.2% share of total exports. It was followed by Japan, with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled +121.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+27.4% per year) and Japan (+28.1% per year).

Export Prices by Country

The average mercury export price stood at $X per ton in 2021, declining by -27.7% against the previous year. In general, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 145%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Japan ($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 the Netherlands (+4,058.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mercury Imports

Imports into Indonesia

In 2021, supplies from abroad of mercuries decreased by -9.1% to X kg, falling for the seventh year in a row after three years of growth. Overall, imports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2014 with an increase of 121%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, mercury imports shrank modestly to $X in 2021. In general, imports saw a dramatic setback. The growth pace was the most rapid in 2013 when imports increased by 80%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X kg), Spain (X kg) and Germany (X kg) were the main suppliers of mercury imports to Indonesia, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +27.5%), while purchases for the other leaders experienced a decline.

In value terms, the Netherlands ($X), Germany ($X) and Japan ($X) constituted the largest mercury suppliers to Indonesia, together comprising 97% of total imports.

Among the main suppliers, Germany, with a CAGR of +25.2%, saw the highest growth rate of 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 mercury import price amounted to $X per ton, with an increase of 9.4% against the previous year. Overall, the import price showed strong growth. The pace of growth appeared the most rapid in 2017 an increase of 117% against the previous year. The import price peaked in 2021 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, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+45.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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