Indonesia: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Indonesia

The Indonesian vulcanised rubber thread market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Vulcanised Rubber Thread Production in Indonesia

In value terms, vulcanised rubber thread production stood at $X in 2021 estimated in export price. Overall, production faced a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 456%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Vulcanised Rubber Thread Exports

Exports from Indonesia

In 2021, shipments abroad of vulcanised rubber thread and cord increased by 163% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a slight setback. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised rubber thread exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a pronounced descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for vulcanised rubber thread exports from Indonesia, accounting for a 93% share of total exports. Moreover, vulcanised rubber thread exports to China exceeded the volume sent to the second major destination, Sri Lanka (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+6.4% per year) and Turkey (-14.8% per year).

In value terms, China ($X) remains the key foreign market for vulcanised rubber thread and cord exports from Indonesia, comprising 95% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 2.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+13.0% per year) and Turkey (-15.2% per year).

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2021, jumping by 39% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Sri Lanka ($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 Sri Lanka (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.

Vulcanised Rubber Thread Imports

Imports into Indonesia

In 2021, approx. X tons of vulcanised rubber thread and cord were imported into Indonesia; jumping by 25% compared with the previous year. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber thread imports skyrocketed to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X tons), Malaysia (X tons) and South Korea (X tons) were the main suppliers of vulcanised rubber thread imports to Indonesia, together accounting for 95% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +29.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Japan ($X) appeared to be the largest vulcanised rubber thread suppliers to Indonesia, together comprising 94% of total imports. South Korea and China lagged somewhat behind, together accounting for a further 5.3%.

Among the main suppliers, South Korea, with a CAGR of +13.0%, recorded 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

In 2021, the average vulcanised rubber thread import price amounted to $X per ton, rising by 46% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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