Report Update Nov 1, 2024

Indonesia - Toluene - Market Analysis, Forecast, Size, Trends and Insights

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Indonesia: Toluene Market 2024

Toluene Market Size in Indonesia

In 2021, the Indonesian toluene market was finally on the rise to reach $X after two years of decline. In general, consumption saw a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Toluene Exports

Exports from Indonesia

In 2021, approx. X tons of toluene were exported from Indonesia; jumping by 46% compared with the previous year. Over the period under review, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by 101%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, toluene exports expanded sharply to $X in 2021. In general, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 123%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for toluene exports from Indonesia, with a 100% share of total exports. It was followed by Malaysia (X tons), with a 0.3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at +38.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-19.0% per year) and Vietnam (-5.3% per year).

In value terms, Singapore ($X) remains the key foreign market for toluene exports from Indonesia, comprising 92% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 6.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled +72.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-15.8% per year) and Vietnam (+0.0% per year).

Export Prices by Country

The average toluene export price stood at $X per ton in 2021, declining by -26.5% against the previous year. Over the period under review, the export price faced a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by 44% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Toluene Imports

Imports into Indonesia

In 2021, approx. X tons of toluene were imported into Indonesia; shrinking by -9.4% against the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, toluene imports surged to $X in 2021. In general, imports saw a deep slump. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Singapore (X tons) constituted the largest supplier of toluene to Indonesia, accounting for a 71% share of total imports. Moreover, toluene imports from Singapore exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fivefold. South Korea (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Singapore amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.7% per year) and South Korea (-7.3% per year).

In value terms, Singapore ($X) constituted the largest supplier of toluene to Indonesia, comprising 72% of total imports. The second position in the ranking was held by Thailand ($X), with a 15% share of total imports. It was followed by South Korea, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from Singapore was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-3.9% per year) and South Korea (-15.0% per year).

Import Prices by Country

In 2021, the average toluene import price amounted to $X per ton, picking up by 47% against the previous year. Overall, the import price, however, saw a deep reduction. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, 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 Malaysia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+16.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for toluene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 48% share of global consumption. Japan, Taiwan Chinese), Brazil, Germany, Russia, the UK, Italy, South Korea, Iran and Spain lagged somewhat behind, together accounting for a further 29%.

What are the largest producers of toluene in the world?

The countries with the highest volumes of in 2021 were China, the United States and Japan, with a combined 44% share of global production. India, Germany, Brazil, Taiwan Chinese), Thailand, Russia, the UK, Italy, Singapore and Spain lagged somewhat behind, together comprising a further 33%.

What are the leading suppliers of toluene to Indonesia?

In value terms, Singapore constituted the largest supplier of toluene to Indonesia, comprising 55% of total imports. The second position in the ranking was occupied by Thailand, with a 23% share of total imports. It was followed by Malaysia, with a 16% share.

What are the leading importers of toluene from Indonesia?

In value terms, Singapore remains the key foreign market for toluene exports from Indonesia.

What is the average export price for toluene in Indonesia?

In 2021, the average toluene export price amounted to $798 per ton, jumping by 132% against the previous year.

What is the average import price for toluene in Indonesia?

In 2021, the average toluene import price amounted to $589 per ton, jumping by 15% against the previous year.

This report provides an in-depth analysis of the toluene market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141225 - Toluene

Country coverage:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023