Indonesia: Propene Market 2024

Propene Market Size in Indonesia

The Indonesian propene market surged to $X in 2021, picking up by 16% 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). Overall, consumption showed a drastic downturn. Propene consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Propene Exports

Exports from Indonesia

In 2021, approx. X tons of propene (propylene) were exported from Indonesia; jumping by 59% against the year before. Overall, exports, however, faced a dramatic setback. The most prominent rate of growth was recorded in 2017 with an increase of 276%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, propene exports soared to $X in 2021. Over the period under review, exports, however, recorded a sharp descent. The most prominent rate of growth was recorded in 2017 when exports increased by 244% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for propene exports from Indonesia, with a 39% share of total exports. Moreover, propene exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-27.3% per year) and South Korea (-14.3% per year).

In value terms, China ($X) remains the key foreign market for propene (propylene) exports from Indonesia, comprising 40% of total exports. The second position in the ranking was held by Malaysia ($X), with a 17% share of total exports. It was followed by Thailand, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-26.0% per year) and Thailand (-16.7% per year).

Export Prices by Country

In 2021, the average propene export price amounted to $X per ton, with an increase of 10% against the previous year. In general, the export price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 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 Taiwan (Chinese) ($X per ton), while the average price for exports to South Korea ($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 Malaysia (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Propene Imports

Imports into Indonesia

After two years of growth, supplies from abroad of propene (propylene) decreased by -0.3% to X tons in 2021. In general, imports recorded a deep reduction. The growth pace was the most rapid in 2015 when imports increased by 72% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, propene imports soared to $X in 2021. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 33% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of propene to Indonesia, accounting for a 38% share of total imports. Moreover, propene imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-7.7% per year) and Saudi Arabia (-17.0% per year).

In value terms, Malaysia ($X) constituted the largest supplier of propene (propylene) to Indonesia, comprising 42% of total imports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total imports. It was followed by Saudi Arabia, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-9.3% per year) and Saudi Arabia (-19.2% per year).

Import Prices by Country

The average propene import price stood at $X per ton in 2021, jumping by 29% against the previous year. Over the period under review, the import price, however, showed a mild decline. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 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 Taiwan (Chinese) ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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