Indonesia: Monophenols Market 2024

Monophenols Market Size in Indonesia

The Indonesian monophenols market shrank to $X in 2021, which is down by -6.5% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Monophenols consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Monophenols Production in Indonesia

In value terms, monophenols production declined to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 20% against the previous year. Monophenols production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Monophenols Exports

Exports from Indonesia

In 2021, approx. X tons of monophenols were exported from Indonesia; increasing by 17% compared with the year before. Overall, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2017 when exports increased by 24%. 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, monophenols exports dropped to $X in 2021. Over the period under review, exports, however, recorded a sharp slump. The growth pace was the most rapid in 2017 with an increase of 40%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X tons), Vietnam (X tons) and Pakistan (X tons) were the main destinations of monophenols exports from Indonesia, together comprising 48% of total exports. These countries were followed by South Africa, the Philippines, Kenya, Turkey, Cote d'Ivoire, Sri Lanka, the United States, Australia, China and India, which together accounted for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +50.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for monophenols exported from Indonesia were the United States ($X), the Philippines ($X) and Thailand ($X), together comprising 39% of total exports.

The Philippines, with a CAGR of +58.3%, saw the highest growth rate of 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

In 2021, the average monophenols export price amounted to $X per ton, dropping by -22.9% against the previous year. In general, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of 41% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Pakistan ($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 Philippines (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Monophenols Imports

Imports into Indonesia

In 2021, purchases abroad of monophenols was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, monophenols imports soared to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Singapore (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of monophenols imports to Indonesia, together comprising 87% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +131.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Taiwan (Chinese) ($X) appeared to be the largest monophenols suppliers to Indonesia, with a combined 77% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +112.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average monophenols import price stood at $X per ton in 2021, rising by 28% against the previous year. Over the period under review, the import price, however, recorded a perceptible descent. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :