Indonesia: Plastic Bag Market 2024

Plastic Bag Market Size in Indonesia

The Indonesian plastic bag market reached $X in 2022, surging by 1.6% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Plastic Bag Production in Indonesia

In value terms, plastic bag production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 23%. Plastic bag production peaked at $X in 2020; afterwards, it flattened through to 2022.

Plastic Bag Exports

Exports from Indonesia

In 2022, overseas shipments of plastic sacks and bags increased by 1.1% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 6.5%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, plastic bag exports soared to $X in 2022. In general, exports, however, showed a slight shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for plastic bag exports from Indonesia, with a 70% share of total exports. Moreover, plastic bag exports to Japan exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a 4.2% share.

From 2012 to 2022, 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: the UK (-4.6% per year) and the United States (+10.0% per year).

In value terms, Japan ($X) remains the key foreign market for plastic sacks and bags exports from Indonesia, comprising 65% of total exports. The second position in the ranking was held by the United States ($X), with a 7.2% share of total exports. It was followed by the UK, with a 4% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.3% per year) and the UK (-6.5% per year).

Export Prices by Country

In 2022, the average plastic bag export price amounted to $X per ton, increasing by 16% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Somalia ($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 Japan (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bag Imports

Imports into Indonesia

In 2022, purchases abroad of plastic sacks and bags increased by 12% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic bag imports skyrocketed to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Malaysia (X tons) and Vietnam (X tons) were the main suppliers of plastic bag imports to Indonesia, together comprising 76% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +26.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of plastic sacks and bags to Indonesia, comprising 43% of total imports. The second position in the ranking was held by Malaysia ($X), with a 15% share of total imports. It was followed by Vietnam, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-0.3% per year) and Vietnam (+21.4% per year).

Import Prices by Country

The average plastic bag import price stood at $X per ton in 2022, picking up by 17% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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