Indonesia: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Indonesia

After two years of decline, the Indonesian cyclic hydrocarbons market increased by 3% to $X in 2021. In general, consumption continues to indicate measured growth. Cyclic hydrocarbons consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Cyclic Hydrocarbons Production in Indonesia

In value terms, cyclic hydrocarbons production rose to $X in 2021 estimated in export price. In general, production saw a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 40%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Cyclic Hydrocarbons Exports

Exports from Indonesia

After four years of growth, overseas shipments of other cyclic hydrocarbons decreased by -9.8% to X tons in 2021. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 48,045% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, cyclic hydrocarbons exports fell markedly to $X in 2021. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 26,536%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for cyclic hydrocarbons exports from Indonesia, accounting for a 82% share of total exports. Moreover, cyclic hydrocarbons exports to Malaysia exceeded the volume sent to the second major destination, Vietnam (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled +43.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+11.5% per year) and Singapore (+16.2% per year).

In value terms, Malaysia ($X) remains the key foreign market for other cyclic hydrocarbons exports from Indonesia, comprising 86% of total exports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia totaled +59.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+21.8% per year) and Singapore (+21.9% per year).

Export Prices by Country

In 2021, the average cyclic hydrocarbons export price amounted to $X per ton, dropping by -7.3% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 157%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Singapore ($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 India (+59.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cyclic Hydrocarbons Imports

Imports into Indonesia

In 2021, approx. X tons of other cyclic hydrocarbons were imported into Indonesia; approximately mirroring 2020 figures. Overall, imports recorded a slight descent. The most prominent rate of growth was recorded in 2014 when imports increased by 10% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, cyclic hydrocarbons imports expanded rapidly to $X in 2021. In general, imports showed a pronounced curtailment. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Germany (X tons) were the main suppliers of cyclic hydrocarbons imports to Indonesia, with a combined 87% share of total imports. These countries were followed by Belgium, Spain and Japan, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cyclic hydrocarbons suppliers to Indonesia were China ($X), Taiwan (Chinese) ($X) and Germany ($X), together comprising 77% of total imports. These countries were followed by Belgium, Japan and Spain, which together accounted for a further 15%.

Japan, with a CAGR of +15.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2021, increasing by 6.9% against the previous year. In general, the import price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2015 an increase of 24% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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