Indonesia: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Indonesia

In 2021, after two years of decline, there was significant growth in the Indonesian prepared rubber accelerators market, when its value increased by 69% to $X. The market value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Prepared Rubber Accelerators Production in Indonesia

In value terms, prepared rubber accelerators production amounted to $X in 2021 estimated in export price. In general, production showed a precipitous descent. The most prominent rate of growth was recorded in 2020 when the production volume decreased by 99.9%. Prepared rubber accelerators production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Prepared Rubber Accelerators Exports

Exports from Indonesia

In 2021, approx. X tons of prepared rubber accelerators were exported from Indonesia; jumping by 38% compared with 2020 figures. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,712%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, prepared rubber accelerators exports surged to $X in 2021. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 658%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons), Spain (X tons) and France (X tons) were the main destinations of prepared rubber accelerators exports from Indonesia, with a combined 72% share of total exports. These countries were followed by Taiwan (Chinese), Thailand, Vietnam, Germany, India and China, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +424.4%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), South Korea ($X) and Spain ($X) appeared to be the largest markets for prepared rubber accelerators exported from Indonesia worldwide, with a combined 65% share of total exports. Taiwan (Chinese), Vietnam, Thailand, Germany, India and China lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, Germany, with a CAGR of +434.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average prepared rubber accelerators export price amounted to $X per ton, increasing by 6.7% against the previous year. Overall, the export price, however, continues to indicate a pronounced descent. The growth pace was the most rapid in 2013 when the average export price increased by 156%. Over the period under review, the average export prices hit record highs 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to South Korea ($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 France (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Rubber Accelerators Imports

Imports into Indonesia

In 2021, after three years of decline, there was significant growth in purchases abroad of prepared rubber accelerators, when their volume increased by 32% to X tons. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared rubber accelerators imports surged to $X in 2021. Over the period under review, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest prepared rubber accelerators supplier to Indonesia, accounting for a 49% share of total imports. Moreover, prepared rubber accelerators imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.7% per year) and Malaysia (+1.3% per year).

In value terms, China ($X) constituted the largest supplier of prepared rubber accelerators to Indonesia, comprising 54% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 10% share of total imports. It was followed by Malaysia, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.2% per year) and Malaysia (+0.6% per year).

Import Prices by Country

The average prepared rubber accelerators import price stood at $X per ton in 2021, jumping by 33% against the previous year. In general, the import price continues to indicate 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 ($X per ton), while the price for Thailand ($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 (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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