Indonesia: Market for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Indonesia

The Indonesian market for non-cellular plates, sheets, film, foil and strip of plastics rose markedly to $X in 2022, increasing by 10% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Indonesia

In value terms, production of non-cellular plates, sheets, film, foil and strip of plastics totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 31%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Exports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from Indonesia

In 2022, overseas shipments of non-cellular plates, sheets, film, foil and strip of plastics increased by 1.5% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 18%. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of non-cellular plates, sheets, film, foil and strip of plastics totaled $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 9.9% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for exports of non-cellular plates, sheets, film, foil and strip of plastics from Indonesia, with a 40% share of total exports. Moreover, exports of non-cellular plates, sheets, film, foil and strip of plastics to Japan exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. The third position in this ranking was held by Thailand (X tons), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-2.6% per year) and Thailand (+2.7% per year).

In value terms, the largest markets for non-cellular plates, sheets, film, foil and strip of plastics exported from Indonesia were Japan ($X), the Philippines ($X) and Brazil ($X), together comprising 57% of total exports. Thailand, Poland, Singapore, Malaysia, the United States, Bangladesh, the Netherlands and China lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, Poland, with a CAGR of +45.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for non-cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, with an increase of 5% against the previous year. Over the period under review, the export price, however, saw a mild setback. Over the period under review, the average export prices hit record highs 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Japan ($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 Malaysia (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into Indonesia

In 2022, supplies from abroad of non-cellular plates, sheets, film, foil and strip of plastics increased by 49% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of non-cellular plates, sheets, film, foil and strip of plastics soared to $X in 2022. Over the period under review, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest non-cellular plates, sheets, film, foil and strip of plastics supplier to Indonesia, accounting for a 68% share of total imports. Moreover, imports of non-cellular plates, sheets, film, foil and strip of plastics from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), tenfold. The third position in this ranking was taken by Malaysia (X tons), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+22.3% per year) and Malaysia (+17.5% per year).

In value terms, China ($X) constituted the largest supplier of non-cellular plates, sheets, film, foil and strip of plastics to Indonesia, comprising 49% of total imports. The second position in the ranking was held by Malaysia ($X), with a 6.8% share of total imports. It was followed by South Korea, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+15.5% per year) and South Korea (+11.0% per year).

Import Prices by Country

In 2022, the average import price for non-cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, picking up by 4.3% against the previous year. Over the period under review, the import price recorded a mild expansion. The pace of growth appeared the most rapid in 2016 an increase of 8.8% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform