Indonesia: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Indonesia

The Indonesian polyethylene glycol and polyether market surged to $X in 2021, picking up by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Indonesia

In 2021, approx. X tons of polyethylene glycols and polyethers in primary forms were exported from Indonesia; picking up by 23% compared with the previous year. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 61% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, polyethylene glycol and polyether exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 64%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), China (X tons) and the Philippines (X tons) were the main destinations of polyethylene glycol and polyether exports from Indonesia, together accounting for 53% of total exports. Singapore, Malaysia, Taiwan (Chinese), Thailand and Vietnam lagged somewhat behind, together comprising a further 35%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +60.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for polyethylene glycol and polyether exported from Indonesia were India ($X), the Philippines ($X) and Singapore ($X), with a combined 51% share of total exports. These countries were followed by Malaysia, China, Thailand, Taiwan (Chinese) and Vietnam, which together accounted for a further 31%.

In terms of the main countries of destination, Malaysia, with a CAGR of +50.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, jumping by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 an increase of 31% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to China ($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 the Philippines (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Indonesia

For the fourth consecutive year, Indonesia recorded growth in purchases abroad of polyethylene glycols and polyethers in primary forms, which increased by 11% to X tons in 2021. In general, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 27% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, polyethylene glycol and polyether imports skyrocketed to $X in 2021. Overall, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X tons), China (X tons) and South Korea (X tons) were the main suppliers of polyethylene glycol and polyether imports to Indonesia, together accounting for 60% of total imports. Singapore, the United States, Saudi Arabia and Japan lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +725.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether suppliers to Indonesia were Thailand ($X), China ($X) and South Korea ($X), together accounting for 60% of total imports. These countries were followed by Singapore, the United States, Saudi Arabia and Japan, which together accounted for a further 32%.

Among the main suppliers, Saudi Arabia, with a CAGR of +773.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average polyethylene glycol and polyether import price amounted to $X per ton, increasing by 48% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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