Updated Feb 18, 2023 22:52

Compound Plasticisers Market in Indonesia

Market Overview
For the fifth consecutive year, the Indonesian compound plasticisers market recorded decline in sales value, which decreased by -% to $ in . Over the period under review, consumption continues to indicate a abrupt setback. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market remained at a somewhat lower figure.

In value terms, compound plasticisers production totaled $ in estimated in export price. Over the period under review, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of %. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to , production failed to regain momentum.


Consumption
In , consumption of compound plasticisers for rubber or plastics decreased by -% to tons, falling for the eighth year in a row after two years of growth. Over the period under review, consumption showed a abrupt decline. Over the period under review, consumption reached the peak volume at tons in 2007; however, from 2008 to , consumption failed to regain momentum.

The revenue of the compound plasticisers market in Indonesia shrank notably to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt decline. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market remained at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for compound plasticisers in Indonesia, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Driven by a growing demand, the share of imports in total supply in Indonesia increased significantly over the last fifteen years (from % to %).


Trade Balance
Indonesia remains a net exporter of compound plasticisers; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.