Indonesia: Recovered Paper Market 2024

Recovered Paper Market Size in Indonesia

In 2022, the Indonesian recovered paper market increased by 18% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +80.1% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Recovered Paper Production in Indonesia

In value terms, recovered paper production totaled $X in 2022 estimated in export price. Over the period under review, production saw a noticeable setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by 42% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Recovered Paper Exports

Exports from Indonesia

In 2022, shipments abroad of recovered paper was finally on the rise to reach X tons after three years of decline. In general, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 421%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, recovered paper exports skyrocketed to $X in 2022. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 357% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for recovered paper exports from Indonesia, accounting for a 52% share of total exports. Moreover, recovered paper exports to Singapore exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+28.6% per year) and Japan (+86.8% per year).

In value terms, Singapore ($X), Saudi Arabia ($X) and Taiwan (Chinese) ($X) constituted the largest markets for recovered paper exported from Indonesia worldwide, with a combined 62% share of total exports.

Saudi Arabia, with a CAGR of +149.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average recovered paper export price amounted to $X per ton, surging by 13% against the previous year. In general, the export price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 47% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Thailand ($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 Hong Kong SAR (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Recovered Paper Imports

Imports into Indonesia

In 2022, supplies from abroad of recovered paper increased by 0.2% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 46% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, recovered paper imports skyrocketed to $X in 2022. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 111% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States (X tons), the UK (X tons) and Australia (X tons) were the main suppliers of recovered paper imports to Indonesia, together comprising 31% of total imports. The Netherlands, Italy, Singapore, Japan, New Zealand, Greece, the United Arab Emirates and Belgium lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +26.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest recovered paper suppliers to Indonesia were the United States ($X), Australia ($X) and Singapore ($X), with a combined 30% share of total imports. The Netherlands, Italy, the UK, Japan, New Zealand, Greece, the United Arab Emirates and Belgium lagged somewhat behind, together comprising a further 36%.

Japan, with a CAGR of +30.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average recovered paper import price amounted to $X per ton, jumping by 28% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, recovered paper import price increased by +128.3% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 73% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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