Indonesia: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2025

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Indonesia

The Indonesian solid vulcanised rubber sheet market fell modestly to $X in 2022, declining by -2.6% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Production of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Indonesia

In value terms, solid vulcanised rubber sheet production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 19%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports from Indonesia

In 2022, overseas shipments of plates, sheets, strips for floor covering of solid vulcanised rubber decreased by -13.5% to X tons, falling for the fourth year in a row after three years of growth. Overall, exports faced a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 11% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, solid vulcanised rubber sheet exports skyrocketed to $X in 2022. Over the period under review, exports showed a abrupt decrease. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Algeria (X tons), Thailand (X tons) and Qatar (X tons) were the main destinations of solid vulcanised rubber sheet exports from Indonesia, together accounting for 37% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +39.6%), while the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Qatar ($X) and Thailand ($X) appeared to be the largest markets for solid vulcanised rubber sheet exported from Indonesia worldwide, together accounting for 39% of total exports.

Qatar, with a CAGR of +25.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 solid vulcanised rubber sheet export price amounted to $X per ton, picking up by 56% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Mexico ($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 Canada (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports into Indonesia

Solid vulcanised rubber sheet imports into Indonesia reduced to X tons in 2022, which is down by -11.3% compared with the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, solid vulcanised rubber sheet imports stood at $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +49.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of solid vulcanised rubber sheet to Indonesia, with a 37% share of total imports. Moreover, solid vulcanised rubber sheet imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+25.5% per year) and Belgium (-4.2% per year).

In value terms, China ($X) constituted the largest supplier of plates, sheets, strips for floor covering of solid vulcanised rubber to Indonesia, comprising 42% of total imports. The second position in the ranking was held by South Korea ($X), with a 12% share of total imports. It was followed by Japan, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+21.4% per year) and Japan (-1.6% per year).

Import Prices by Country

The average solid vulcanised rubber sheet import price stood at $X per ton in 2022, with an increase of 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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