Indonesia: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Indonesia

The Indonesian plastic ornamental articles market stood at $X in 2022, with an increase of 4.1% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Plastic Ornamental Articles Production in Indonesia

In value terms, plastic ornamental articles production stood at $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 13%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Plastic Ornamental Articles Exports

Exports from Indonesia

In 2022, after two years of decline, there was significant growth in overseas shipments of statuettes and other ornamental articles of plastic, when their volume increased by 16% to X tons. In general, total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 61%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, plastic ornamental articles exports fell to $X in 2022. Overall, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.5% against 2016 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 37%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined modestly in the following year.

Exports by Country

The United States (X tons), Japan (X tons) and Algeria (X tons) were the main destinations of plastic ornamental articles exports from Indonesia, together comprising 46% of total exports.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +96.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for statuettes and other ornamental articles of plastic exports from Indonesia, comprising 29% of total exports. The second position in the ranking was held by Japan ($X), with a 10% share of total exports. It was followed by France, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+11.6% per year) and France (+16.1% per year).

Export Prices by Country

The average plastic ornamental articles export price stood at $X per ton in 2022, declining by -17.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2015 an increase of 17%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Algeria ($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 Malaysia (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Indonesia

In 2022, the amount of statuettes and other ornamental articles of plastic imported into Indonesia surged to X tons, picking up by 24% compared with the previous year. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 105%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, plastic ornamental articles imports reached $X in 2022. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 77% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X tons) was the main plastic ornamental articles supplier to Indonesia, accounting for a 91% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+23.4% per year) and Hong Kong SAR (+14.9% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Indonesia, comprising 83% of total imports. The second position in the ranking was taken by Singapore ($X), with a 6.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+3.6% per year) and Hong Kong SAR (+9.0% per year).

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, declining by -18.1% against the previous year. In general, the import price showed a pronounced contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 56%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, 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 Hong Kong SAR ($X per ton), while the price for China ($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 (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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