Indonesia: Peroxosulphates Market 2024

Peroxosulphates Market Size in Indonesia

In 2021, the Indonesian peroxosulphates market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +6.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Peroxosulphates Exports

Exports from Indonesia

In 2021, overseas shipments of peroxosulphates (persulphates) increased by 27% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, exports continue to indicate modest growth. The growth pace was the most rapid in 2017 with an increase of 37% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, peroxosulphates exports reached $X in 2021. In general, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for peroxosulphates exports from Indonesia, with a 88% share of total exports. Moreover, peroxosulphates exports to Saudi Arabia exceeded the volume sent to the second major destination, Malaysia (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia totaled +21.7%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for peroxosulphates exports from Indonesia, comprising 87% of total exports. The second position in the ranking was held by Malaysia ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia was relatively modest.

Export Prices by Country

The average peroxosulphates export price stood at $X per ton in 2021, falling by -20.5% against the previous year. In general, the export price showed a abrupt decrease. The growth pace was the most rapid in 2015 when the average export price increased by 22%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Saudi Arabia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+44.4%), while the prices for the other major destinations experienced a decline.

Peroxosulphates Imports

Imports into Indonesia

In 2021, after two years of decline, there was significant growth in supplies from abroad of peroxosulphates (persulphates), when their volume increased by 12% to X tons. The total import volume increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 30% against the previous year. Imports peaked at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, peroxosulphates imports surged to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 24%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest peroxosulphates supplier to Indonesia, accounting for a 64% share of total imports. Moreover, peroxosulphates imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.9% per year) and the United States (-5.2% per year).

In value terms, China ($X) constituted the largest supplier of peroxosulphates to Indonesia, comprising 59% of total imports. The second position in the ranking was taken by Japan ($X), with a 19% share of total imports. It was followed by Italy, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.6% per year) and Italy (+27.1% per year).

Import Prices by Country

In 2021, the average peroxosulphates import price amounted to $X per ton, rising by 8.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2015 an increase of 12%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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