Indonesia: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Indonesia

The Indonesian barium or aluminium sulphates market reduced modestly to $X in 2022, which is down by -4% against the previous year. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +8.7% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Sulphates Of Barium Or Aluminium in Indonesia

In value terms, barium or aluminium sulphates production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by 21% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports from Indonesia

In 2022, overseas shipments of sulphates of barium or aluminium decreased by -16.1% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports continue to indicate a noticeable slump. The growth pace was the most rapid in 2013 when exports increased by 53% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, barium or aluminium sulphates exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 58%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia (X tons), Malaysia (X tons) and Vietnam (X tons) were the main destinations of barium or aluminium sulphates exports from Indonesia, with a combined 63% share of total exports. The Philippines, Singapore, Sri Lanka and Fiji lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of +41.1%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Malaysia ($X) and Vietnam ($X) were the largest markets for barium or aluminium sulphates exported from Indonesia worldwide, together comprising 66% of total exports. The Philippines, Singapore, Sri Lanka and Fiji lagged somewhat behind, together comprising a further 29%.

Sri Lanka, with a CAGR of +44.2%, recorded 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

The average barium or aluminium sulphates export price stood at $X per ton in 2022, increasing by 48% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Malaysia ($X per ton) and Vietnam ($X per ton), while the average price for exports to Singapore ($X per ton) and Sri Lanka ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Indonesia

In 2022, imports of sulphates of barium or aluminium into Indonesia shrank significantly to X tons, falling by -26.2% compared with the previous year. Over the period under review, imports, however, posted temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports fell dramatically to $X in 2022. In general, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +11.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 75% against the previous year. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of barium or aluminium sulphates to Indonesia, accounting for a 82% share of total imports. Moreover, barium or aluminium sulphates imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.0% per year) and Germany (+0.2% per year).

In value terms, China ($X) constituted the largest supplier of sulphates of barium or aluminium to Indonesia, comprising 58% of total imports. The second position in the ranking was taken by Japan ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.2% per year) and Germany (-2.1% per year).

Import Prices by Country

In 2022, the average barium or aluminium sulphates import price amounted to $X per ton, dropping by -14.1% against the previous year. Overall, the import price showed a mild downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 8.5%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($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 (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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