Indonesia: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Indonesia

In 2022, after eight years of growth, there was significant decline in the Indonesian reaction initiators and accelerators market, when its value decreased by -25.8% to $X. Overall, consumption, however, showed a strong increase. Reaction initiators and accelerators consumption peaked at $X in 2021, and then declined markedly in the following year.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Indonesia

In value terms, reaction initiators and accelerators production rose slightly to $X in 2022 estimated in export price. In general, production saw a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 77% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Indonesia

In 2022, approx. X tons of reaction initiators, reaction accelerators and catalytic preparations were exported from Indonesia; with a decrease of -30.4% on the previous year's figure. Overall, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 160% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, reaction initiators and accelerators exports declined to $X in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 156% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Japan (X tons) was the main destination for reaction initiators and accelerators exports from Indonesia, with a 51% share of total exports. Moreover, reaction initiators and accelerators exports to Japan exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was taken by Vietnam (X tons), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+68.6% per year) and Vietnam (+29.5% per year).

In value terms, Japan ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Indonesia, comprising 91% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 1.3% share of total exports. It was followed by China, with a 0.8% share.

From 2012 to 2022, the average annual growth rate of value to Japan totaled +44.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+43.1% per year) and China (+57.8% per year).

Export Prices by Country

In 2022, the average reaction initiators and accelerators export price amounted to $X per ton, rising by 30% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 183%. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Belgium ($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 Saudi Arabia (+52.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Indonesia

In 2022, after six years of growth, there was significant decline in supplies from abroad of reaction initiators, reaction accelerators and catalytic preparations, when their volume decreased by -50% to X tons. In general, imports, however, recorded a strong increase. The growth pace was the most rapid in 2017 when imports increased by 62% against the previous year. Imports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, reaction initiators and accelerators imports fell sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 52% against the previous year. Imports peaked at $X in 2021, and then shrank sharply in the following year.

Imports by Country

Germany (X tons), China (X tons) and Japan (X tons) were the main suppliers of reaction initiators and accelerators imports to Indonesia, together comprising 75% of total imports. Saudi Arabia, the United States, Singapore, the Netherlands, Malaysia and Australia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +57.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to Indonesia, comprising 51% of total imports. The second position in the ranking was held by Malaysia ($X), with an 8.8% share of total imports. It was followed by Germany, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+37.1% per year) and Germany (+3.8% per year).

Import Prices by Country

In 2022, the average reaction initiators and accelerators import price amounted to $X per ton, increasing by 14% against the previous year. Overall, the import price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+42.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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