Indonesia: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Indonesia

In 2021, after three years of decline, there was significant growth in the Indonesian market for unsaturated polyesters in primary forms, when its value increased by 15% to $X. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.5% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Unsaturated Polyesters In Primary Forms in Indonesia

In value terms, unsaturated polyesters in primary forms production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.8% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Indonesia

After two years of growth, overseas shipments of unsaturated polyesters in primary forms decreased by -73.9% to X tons in 2021. Overall, exports saw a abrupt decline. The growth pace was the most rapid in 2015 when exports increased by 395%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, unsaturated polyesters in primary forms exports reduced remarkably to $X in 2021. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 267%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for unsaturated polyesters in primary forms exports from Indonesia, accounting for a 75% share of total exports. Moreover, unsaturated polyesters in primary forms exports to Vietnam exceeded the volume sent to the second major destination, Malaysia (X tons), sixfold. Qatar (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam totaled +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-4.9% per year) and Qatar (0.0% per year).

In value terms, Vietnam ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Indonesia, comprising 69% of total exports. The second position in the ranking was held by Malaysia ($X), with a 16% share of total exports. It was followed by Qatar, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam totaled +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-8.8% per year) and Qatar (0.0% per year).

Export Prices by Country

In 2021, the average export price for unsaturated polyesters in primary forms amounted to $X per ton, with an increase of 28% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decline. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Vietnam ($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 Thailand (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Indonesia

In 2021, purchases abroad of unsaturated polyesters in primary forms decreased by -4.2% to X tons, falling for the second year in a row after three years of growth. Overall, imports showed a perceptible downturn. The growth pace was the most rapid in 2017 when imports increased by 32% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms imports skyrocketed to $X in 2021. In general, imports continue to indicate a drastic downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Indonesia, together accounting for 55% of total imports. These countries were followed by India, Japan, China, Thailand, Australia and Singapore, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +50.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest unsaturated polyesters in primary forms suppliers to Indonesia were South Korea ($X), Japan ($X) and Malaysia ($X), together accounting for 58% of total imports. These countries were followed by China, India, Taiwan (Chinese), Thailand, Singapore and Australia, which together accounted for a further 32%.

India, with a CAGR of +38.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for unsaturated polyesters in primary forms stood at $X per ton in 2021, picking up by 48% against the previous year. In general, the import price, however, recorded a noticeable curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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