Indonesia: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Indonesia

The Indonesian reclaimed rubber market stood at $X in 2021, with an increase of 1.9% against the previous year. The market value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the immediate term.

Reclaimed Rubber Production in Indonesia

In value terms, reclaimed rubber production stood at $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.6% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 17%. Reclaimed rubber production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Reclaimed Rubber Exports

Exports from Indonesia

In 2021, approx. X tons of reclaimed rubber were exported from Indonesia; with an increase of 58% against 2020. Overall, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, reclaimed rubber exports skyrocketed to $X in 2021. In general, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for reclaimed rubber exports from Indonesia, accounting for a 71% share of total exports. Moreover, reclaimed rubber exports to China exceeded the volume sent to the second major destination, South Korea (X tons), fivefold. The third position in this ranking was taken by Thailand (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+1.4% per year) and Thailand (+29.3% per year).

In value terms, China ($X) remains the key foreign market for reclaimed rubber exports from Indonesia, comprising 70% of total exports. The second position in the ranking was taken by South Korea ($X), with an 18% share of total exports. It was followed by Thailand, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+2.3% per year) and Thailand (+19.9% per year).

Export Prices by Country

In 2021, the average reclaimed rubber export price amounted to $X per ton, with a decrease of -5.2% against the previous year. Overall, the export price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 8.1%. Over the period under review, the average export prices hit record highs 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 Japan ($X per ton), while the average price for exports to Thailand ($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 South Korea (+0.8%), while the prices for the other major destinations experienced a decline.

Reclaimed Rubber Imports

Imports into Indonesia

After three years of decline, supplies from abroad of reclaimed rubber increased by 41% to X tons in 2021. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, reclaimed rubber imports surged to $X in 2021. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of reclaimed rubber to Indonesia, accounting for a 60% share of total imports. Moreover, reclaimed rubber imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+7.2% per year) and Taiwan (Chinese) (-11.4% per year).

In value terms, China ($X) constituted the largest supplier of reclaimed rubber to Indonesia, comprising 58% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 20% share of total imports. It was followed by India, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+6.3% per year) and India (-0.2% per year).

Import Prices by Country

The average reclaimed rubber import price stood at $X per ton in 2021, picking up by 3.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 6.4% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 India ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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