Indonesia: Polyacetals Market 2024

Polyacetals Market Size in Indonesia

In 2021, after two years of decline, there was significant growth in the Indonesian polyacetals market, when its value increased by 39% to $X. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Polyacetals Exports

Exports from Indonesia

In 2021, shipments abroad of polyacetals in primary forms decreased by -8.1% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 498%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, polyacetals exports declined sharply to $X in 2021. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 303% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for polyacetals exports from Indonesia, accounting for a 87% share of total exports. Moreover, polyacetals exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold. The third position in this ranking was taken by Thailand (X tons), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+38.7% per year) and Thailand (+19.3% per year).

In value terms, China ($X) remains the key foreign market for polyacetals in primary forms exports from Indonesia, comprising 79% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 6.5% share of total exports. It was followed by Hong Kong SAR, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+21.3% per year) and Hong Kong SAR (+126.2% per year).

Export Prices by Country

In 2021, the average polyacetals export price amounted to $X per ton, dropping by -8.1% against the previous year. In general, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2015 when the average export price increased by 33% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China ($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 Hong Kong SAR (-0.4%), while the prices for the other major destinations experienced a decline.

Polyacetals Imports

Imports into Indonesia

In 2021, overseas purchases of polyacetals in primary forms were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 31% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, polyacetals imports soared to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of polyacetals imports to Indonesia, with a combined 68% share of total imports. Japan, Taiwan (Chinese), China, the United States and Singapore lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +28.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Japan ($X) and South Korea ($X) appeared to be the largest polyacetals suppliers to Indonesia, with a combined 65% share of total imports. Thailand, Taiwan (Chinese), China, Singapore and the United States lagged somewhat behind, together accounting for a further 34%.

Taiwan (Chinese), with a CAGR of +32.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polyacetals import price stood at $X per ton in 2021, surging by 27% against the previous year. Over the period under review, the import price, however, recorded a slight shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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