Indonesia: Asphalted Paper Market 2024

Asphalted Paper Market Size in Indonesia

After two years of growth, the Indonesian asphalted paper market decreased by -15.9% to $X in 2022. In general, consumption recorded a abrupt setback. Asphalted paper consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Asphalted Paper Exports

Exports from Indonesia

In 2022, overseas shipments of tarred, bituminised or asphalted paper and paperboard increased by 39% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a significant decrease. The most prominent rate of growth was recorded in 2017 with an increase of 862% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, asphalted paper exports soared to $X in 2022. Overall, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 1,176% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cambodia (X tons) was the main destination for asphalted paper exports from Indonesia, accounting for a 86% share of total exports. Moreover, asphalted paper exports to Cambodia exceeded the volume sent to the second major destination, Myanmar (X tons), more than tenfold. The third position in this ranking was held by Egypt (X kg), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume to Cambodia stood at +36.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (-33.1% per year) and Egypt (-37.5% per year).

In value terms, Cambodia ($X) remains the key foreign market for tarred, bituminised or asphalted paper and paperboard exports from Indonesia, comprising 74% of total exports. The second position in the ranking was held by Iran ($X), with a 5.5% share of total exports. It was followed by the United Arab Emirates, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to Cambodia amounted to +54.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (-21.6% per year) and the United Arab Emirates (-24.5% per year).

Export Prices by Country

In 2022, the average asphalted paper export price amounted to $X per ton, declining by -3.2% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, asphalted paper export price increased by +170.3% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 93%. The export price peaked at $X per ton in 2021, and then contracted in the following year.

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 Iran ($X per ton), while the average price for exports to Myanmar ($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 the United Arab Emirates (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Asphalted Paper Imports

Imports into Indonesia

In 2022, approx. X tons of tarred, bituminised or asphalted paper and paperboard were imported into Indonesia; declining by -23.2% compared with the previous year's figure. Over the period under review, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 53% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, asphalted paper imports fell to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 44% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of asphalted paper imports to Indonesia, together comprising 48% of total imports. Italy, China, Vietnam, Hong Kong SAR, Belgium, Singapore and Germany lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +50.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest asphalted paper suppliers to Indonesia were Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X), together accounting for 59% of total imports. Vietnam, Italy, China, Belgium, Hong Kong SAR, Singapore and Germany lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, Vietnam, with a CAGR of +50.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average asphalted paper import price stood at $X per ton in 2022, with an increase of 19% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, asphalted paper import price increased by +42.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 41% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; afterwards, it flattened through to 2022.

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 Taiwan (Chinese) ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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