Indonesia: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Indonesia

In 2021, the Indonesian market for polyethylene with a specific gravity of less than X, in primary forms was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Indonesia

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms fell slightly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 15%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Indonesia

In 2021, after two years of growth, there was significant decline in shipments abroad of polyethylene with a specific gravity of less than X, in primary forms, when their volume decreased by -35.9% to X tons. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 216% against the previous year. As a result, the exports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms shrank to $X in 2021. Overall, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 182% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

China (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Indonesia, accounting for a 70% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to China exceeded the volume sent to the second major destination, Vietnam (X tons), ninefold. The third position in this ranking was held by Malaysia (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+37.6% per year) and Malaysia (-9.9% per year).

In value terms, China ($X) remains the key foreign market for polyethylene with a specific gravity of less than X, in primary forms exports from Indonesia, comprising 67% of total exports. The second position in the ranking was held by Vietnam ($X), with an 8.4% share of total exports. It was followed by Malaysia, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+34.5% per year) and Malaysia (-10.3% per year).

Export Prices by Country

In 2021, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, growing by 38% against the previous year. Over the period under review, the export price, however, continues to indicate a mild downturn. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Malaysia ($X per ton) and Thailand ($X per ton), while the average price for exports to China ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Indonesia

In 2021, after two years of decline, there was significant growth in overseas purchases of polyethylene with a specific gravity of less than X, in primary forms, when their volume increased by 8% to X tons. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 12%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X tons), Malaysia (X tons) and Singapore (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Indonesia, with a combined 71% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +7.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Singapore ($X) were the largest polyethylene with a specific gravity of less than X suppliers to Indonesia, with a combined 71% share of total imports. These countries were followed by Saudi Arabia, South Korea, Kuwait, the United States and Qatar, which together accounted for a further 22%.

Saudi Arabia, with a CAGR of +8.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, surging by 44% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Singapore ($X per ton), while the price for Kuwait ($X per ton) and Qatar ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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