Indonesia: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Indonesia

In 2021, the Indonesian market for prepared glues and other prepared adhesives was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, saw a mild reduction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Indonesia

In 2021, the amount of prepared glues and other prepared adhesives exported from Indonesia fell to X tons, reducing by -6.1% on the previous year. Over the period under review, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.2% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 107%. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of prepared glues and other prepared adhesives expanded slightly to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 28% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for exports of prepared glues and other prepared adhesives from Indonesia, with a 36% share of total exports. Moreover, exports of prepared glues and other prepared adhesives to Thailand exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. The third position in this ranking was held by Malaysia (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand totaled +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+24.4% per year) and Malaysia (+4.7% per year).

In value terms, Thailand ($X) remains the key foreign market for prepared glues and other prepared adhesives exports from Indonesia, comprising 30% of total exports. The second position in the ranking was held by Vietnam ($X), with a 15% share of total exports. It was followed by Malaysia, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand amounted to +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+22.8% per year) and Malaysia (+4.0% per year).

Export Prices by Country

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, increasing by 11% against the previous year. Overall, the export price, however, recorded a pronounced setback. The growth pace was the most rapid in 2014 an increase of 41%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Nigeria ($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 China (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Indonesia

In 2021, supplies from abroad of prepared glues and other prepared adhesives was finally on the rise to reach X tons after three years of decline. In general, imports continue to indicate a modest increase. The growth pace was the most rapid in 2017 with an increase of 29%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and Vietnam (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to Indonesia, together accounting for 72% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +14.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared glues and other prepared adhesives suppliers to Indonesia were China ($X), Malaysia ($X) and Japan ($X), with a combined 62% share of total imports. These countries were followed by South Korea, Vietnam, Thailand, Taiwan (Chinese), Germany and Singapore, which together accounted for a further 31%.

Vietnam, with a CAGR of +17.9%, saw the highest growth rate of 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

The average import price for prepared glues and other prepared adhesives stood at $X per ton in 2021, with an increase of 6.8% against the previous year. In general, the import price, however, recorded a slight reduction. The pace of growth appeared the most rapid in 2018 an increase of 33%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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