Indonesia: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Indonesia

The Indonesian polypropylene in primary forms market soared to $X in 2022, with an increase of 28% 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). Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +131.0% against 2020 indices. Polypropylene in primary forms consumption peaked in 2022 and is expected to retain growth in the near future.

Exports of Polypropylene in Primary Forms

Exports from Indonesia

In 2022, exports of polypropylene in primary forms from Indonesia soared to X tons, rising by 36% compared with the previous year. Overall, exports showed a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 383%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, polypropylene in primary forms exports skyrocketed to $X in 2022. In general, exports enjoyed a notable expansion. The pace of growth appeared the most rapid in 2020 with an increase of 360% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for polypropylene in primary forms exports from Indonesia, accounting for a 81% share of total exports. Moreover, polypropylene in primary forms exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+11.9% per year) and the Netherlands (-10.2% per year).

In value terms, China ($X) remains the key foreign market for polypropylene in primary forms exports from Indonesia, comprising 72% of total exports. The second position in the ranking was held by Vietnam ($X), with a 5.9% share of total exports. It was followed by Malaysia, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+6.1% per year) and Malaysia (+2.0% per year).

Export Prices by Country

In 2022, the average polypropylene in primary forms export price amounted to $X per ton, falling by -3.3% against the previous year. Over the period under review, the export price saw a perceptible decrease. The growth pace was the most rapid in 2021 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the Netherlands ($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 Thailand (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polypropylene in Primary Forms

Imports into Indonesia

Polypropylene in primary forms imports into Indonesia soared to X tons in 2022, increasing by 24% on the previous year. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +51.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, polypropylene in primary forms imports surged to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +113.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 63%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Thailand (X tons), Saudi Arabia (X tons) and Singapore (X tons) were the main suppliers of polypropylene in primary forms imports to Indonesia, together comprising 49% of total imports. Malaysia, Vietnam, China, South Korea, Taiwan (Chinese) and India lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +43.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Singapore ($X) and Saudi Arabia ($X) appeared to be the largest polypropylene in primary forms suppliers to Indonesia, together accounting for 49% of total imports. Malaysia, Vietnam, China, South Korea, Taiwan (Chinese) and India lagged somewhat behind, together comprising a further 40%.

In terms of the main suppliers, China, with a CAGR of +38.2%, saw 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 2022, the average polypropylene in primary forms import price amounted to $X per ton, with an increase of 5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 34%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and China ($X per ton), while the price for India ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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