Indonesia: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Indonesia

The Indonesian natural rubber and gum market fell to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption recorded a noticeable reduction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Natural Rubber And Gums in Indonesia

In value terms, natural rubber and gum production shrank to $X in 2022 estimated in export price. In general, production saw a noticeable setback. The pace of growth was the most pronounced in 2017 with an increase of 27% against the previous year. Natural rubber and gum production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of natural rubber and gums in Indonesia fell modestly to X kg per ha in 2022, with a decrease of -1.8% against the previous year. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 11%. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the average natural rubber and gum yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of natural rubber and gums production in Indonesia was estimated at X ha, approximately reflecting the year before. Over the period under review, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 2.1% against the previous year. The natural rubber and gum harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

Exports of Natural Rubber And Gums

Exports from Indonesia

In 2022, shipments abroad of natural rubber and gums was finally on the rise to reach X tons after two years of decline. Overall, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2015 when exports increased by 18% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, natural rubber and gum exports reduced slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 19%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Vietnam (X tons) and Brazil (X tons) were the main destinations of natural rubber and gum exports from Indonesia, with a combined 74% share of total exports. Belgium, the United States, China and Italy lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +27.4%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for natural rubber and gums exports from Indonesia, comprising 44% of total exports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total exports. It was followed by Brazil, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-19.9% per year) and Brazil (-12.0% per year).

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, declining by -8.4% against the previous year. Over the period under review, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2021 an increase of 48% against the previous year. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to China ($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 Guatemala (+4.1%), while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Indonesia

In 2022, approx. X tons of natural rubber and gums were imported into Indonesia; which is down by -6.4% on the year before. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 26%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, natural rubber and gum imports declined to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Thailand (X tons), Malaysia (X tons) and Vietnam (X tons) were the main suppliers of natural rubber and gum imports to Indonesia, together accounting for 100% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +8.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest natural rubber and gum suppliers to Indonesia were Malaysia ($X), Thailand ($X) and Vietnam ($X), together comprising 99% of total imports.

Among the main suppliers, Thailand, with a CAGR of +3.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, picking up by 2.5% against the previous year. Over the period under review, the import price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 an increase of 32% 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 remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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