Indonesia: Natural Polymers Market 2024

Natural Polymers Market Size in Indonesia

In 2021, after two years of decline, there was significant growth in the Indonesian natural polymers market, when its value increased by 7.2% to $X. Overall, consumption, however, saw a slight downturn. Natural polymers consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Natural Polymers Production in Indonesia

In value terms, natural polymers production totaled $X in 2021 estimated in export price. In general, production showed a mild decline. The growth pace was the most rapid in 2013 when the production volume increased by 20%. Natural polymers production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Natural Polymers Exports

Exports from Indonesia

In 2021, natural polymers exports from Indonesia fell significantly to X tons, waning by -20.1% on 2020. Over the period under review, exports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2018 when exports increased by 84%. Over the period under review, the exports hit record highs at X tons in 2020, and then shrank dramatically in the following year.

In value terms, natural polymers exports stood at $X in 2021. Overall, total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -30.9% against 2018 indices. The growth pace was the most rapid in 2018 when exports increased by 86% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for natural polymers exports from Indonesia, with a 36% share of total exports. Moreover, natural polymers exports to Japan exceeded the volume sent to the second major destination, Singapore (X tons), threefold. The Philippines (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+11.4% per year) and the Philippines (+85.7% per year).

In value terms, Japan ($X) remains the key foreign market for natural and modified natural polymers in primary forms exports from Indonesia, comprising 63% of total exports. The second position in the ranking was held by Singapore ($X), with an 11% share of total exports. It was followed by China, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+7.3% per year) and China (-9.8% per year).

Export Prices by Country

In 2021, the average natural polymers export price amounted to $X per ton, picking up by 27% against the previous year. Overall, the export price, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by 59%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 Spain (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Polymers Imports

Imports into Indonesia

After two years of decline, overseas purchases of natural and modified natural polymers in primary forms increased by 27% to X tons in 2021. Over the period under review, imports, however, saw a mild contraction. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, natural polymers imports soared to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of natural polymers to Indonesia, accounting for a 76% share of total imports. Moreover, natural polymers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.4% per year) and France (+9.4% per year).

In value terms, China ($X) constituted the largest supplier of natural and modified natural polymers in primary forms to Indonesia, comprising 58% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+13.3% per year) and the United States (-1.5% per year).

Import Prices by Country

In 2021, the average natural polymers import price amounted to $X per ton, growing by 7.4% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2013 an increase of 36% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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 Japan ($X per ton), while the price for Hong Kong SAR ($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 (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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