Indonesia: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Indonesia

The Indonesian cellulose fibrecement sheet market contracted to $X in 2022, with a decrease of -5.7% against the previous year. Over the period under review, consumption recorded a noticeable downturn. Cellulose fibrecement sheet consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cellulose Fibrecement Sheet Production in Indonesia

In value terms, cellulose fibrecement sheet production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 48%. Cellulose fibrecement sheet production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Cellulose Fibrecement Sheet Exports

Exports from Indonesia

For the ninth year in a row, Indonesia recorded growth in overseas shipments of sheets, panels and tiles of cellulose fibrecement, which increased by 21% to X tons in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 181% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, cellulose fibrecement sheet exports skyrocketed to $X in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 199%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

The Philippines (X tons) was the main destination for cellulose fibrecement sheet exports from Indonesia, with a 36% share of total exports. Moreover, cellulose fibrecement sheet exports to the Philippines exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines amounted to +38.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+47.0% per year) and South Korea (+206.2% per year).

In value terms, the Philippines ($X) remains the key foreign market for sheets, panels and tiles of cellulose fibrecement exports from Indonesia, comprising 35% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 13% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines stood at +37.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+45.6% per year) and South Korea (+193.6% per year).

Export Prices by Country

The average cellulose fibrecement sheet export price stood at $X per ton in 2022, with an increase of 9.5% against the previous year. Overall, the export price, however, recorded a mild shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Myanmar ($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 Myanmar (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cellulose Fibrecement Sheet Imports

Imports into Indonesia

In 2022, overseas purchases of sheets, panels and tiles of cellulose fibrecement increased by 58% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a tangible increase. The pace of growth appeared the most rapid in 2017 when imports increased by 87%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cellulose fibrecement sheet imports surged to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +61.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X tons) constituted the largest cellulose fibrecement sheet supplier to Indonesia, with a 80% share of total imports. Moreover, cellulose fibrecement sheet imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. Malaysia (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at +68.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.3% per year) and Malaysia (-21.4% per year).

In value terms, Thailand ($X) constituted the largest supplier of sheets, panels and tiles of cellulose fibrecement to Indonesia, comprising 59% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by Australia, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from Thailand totaled +58.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+33.1% per year) and Australia (+5.9% per year).

Import Prices by Country

The average cellulose fibrecement sheet import price stood at $X per ton in 2022, which is down by -5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 48% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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