Indonesia: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Indonesia

In 2021, the Indonesian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 15% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a perceptible shrinkage. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Indonesia

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by 27%. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Indonesia

In 2021, shipments abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by -35.6% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, posted a measured expansion. The pace of growth was the most pronounced in 2015 when exports increased by 203%. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning reduced markedly to $X in 2021. Over the period under review, exports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 302% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), Australia (X tons) and the United States (X tons) were the main destinations of exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Indonesia, with a combined 94% share of total exports. These countries were followed by the Philippines and Malaysia, which together accounted for a further 3.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +52.1%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Indonesia, comprising 63% of total exports. The second position in the ranking was held by Australia ($X), with a 24% share of total exports. It was followed by the Philippines, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+13.4% per year) and the Philippines (+46.3% per year).

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, rising by 7.7% against the previous year. Over the period under review, the export price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 an increase of 56% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Malaysia ($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 Japan (+1.9%), while the prices for the other major destinations experienced a decline.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Indonesia

In 2021, after two years of decline, there was significant growth in overseas purchases of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when their volume increased by 26% to X tons. In general, imports, however, faced a deep slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Overall, imports, however, saw a deep reduction. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), Saudi Arabia (X tons) and South Korea (X tons) were the main suppliers of imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Indonesia, together accounting for 86% of total imports. China, Vietnam and Taiwan (Chinese) lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +52.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Indonesia, comprising 56% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 21% share of total imports. It was followed by South Korea, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +40.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+16.6% per year) and South Korea (-26.8% per year).

Import Prices by Country

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, increasing by 6.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 13%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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