Indonesia: Steatite Market 2021

Steatite Market Size in Indonesia

In 2019, the Indonesian steatite market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, showed a buoyant expansion. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Steatite consumption peaked at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

Steatite Exports

Exports from Indonesia

Steatite exports from Indonesia dropped remarkably to X tons in 2019, shrinking by -X% against 2018 figures. Overall, exports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. Exports peaked at X tons in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

In value terms, steatite exports soared to $X in 2019. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in years to come.

Exports by Country

Singapore (X tons), the United Arab Emirates (X tons) and Malaysia (X tons) were the main destinations of steatite exports from Indonesia, together accounting for X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates, while exports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for steatite exports from Indonesia, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Malawi, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Singapore amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Malawi (X% per year).

Export Prices by Country

The average steatite export price stood at $X per ton in 2019, with an increase of X% against the previous year. Overall, the export price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure in 2019 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Malawi ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced mixed trend patterns.

Steatite Imports

Imports into Indonesia

In 2019, after three years of growth, there was decline in purchases abroad of steatites, when their volume decreased by -X% to X tons. In general, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2012 when imports increased by X% year-to-year. Imports peaked at X tons in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

In value terms, steatite imports contracted to $X in 2019. Over the period under review, imports, however, saw a prominent increase. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, China (X tons) constituted the largest steatite supplier to Indonesia, with a X% share of total imports. Moreover, steatite imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, China ($X) constituted the largest supplier of steatite to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2019, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

The average steatite import price stood at $X per ton in 2019, dropping by -X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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