Indonesia: Vinyl Chloride Market 2024

Vinyl Chloride Market Size in Indonesia

The Indonesian vinyl chloride market soared to $X in 2022, rising by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Vinyl Chloride Production in Indonesia

In value terms, vinyl chloride production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Vinyl Chloride Exports

Exports from Indonesia

In 2022, after two years of growth, there was significant decline in overseas shipments of vinyl chloride (chloroethylene), when their volume decreased by X% to X tons. Overall, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank remarkably in the following year.

In value terms, vinyl chloride exports dropped to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Vietnam (X tons) was the main destination for vinyl chloride exports from Indonesia, with a X% share of total exports. Moreover, vinyl chloride exports to Vietnam exceeded the volume sent to the second major destination, India (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Malaysia (X% per year).

In value terms, Vietnam ($X) remains the key foreign market for vinyl chloride (chloroethylene) exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average vinyl chloride export price stood at $X per ton in 2022, surging by X% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Vietnam ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vinyl Chloride Imports

Imports into Indonesia

In 2022, overseas purchases of vinyl chloride (chloroethylene) decreased by X% to X tons, falling for the fourth year in a row after two years of growth. In general, imports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vinyl chloride imports expanded modestly to $X in 2022. Overall, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Japan (X tons) and Thailand (X tons) were the main suppliers of vinyl chloride imports to Indonesia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%).

In value terms, Japan ($X) and Thailand ($X) were the largest vinyl chloride suppliers to Indonesia.

Among the main suppliers, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average vinyl chloride import price amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vinyl chloride import price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably 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 Thailand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%).

Source: IndexBox Platform

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