Market for Extruded Solid Rubber Rod in Indonesia
Market Overview
The Indonesian extruded solid rubber rod market fell remarkably to $
in , reducing 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, however, posted a modest expansion. Over the period under review, the market attained the maximum level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
in , reducing 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, however, posted a modest expansion. Over the period under review, the market attained the maximum level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.Consumption
Extruded solid rubber rod consumption in Indonesia contracted notably to tons in , shrinking by -% against figures. In general, consumption continues to indicate a deep contraction. Over the period under review, consumption attained the peak volume at tons in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.
The size of the extruded solid rubber rod market in Indonesia fell significantly to $ in , shrinking 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). Overall, consumption, however, enjoyed a slight expansion. Extruded solid rubber rod consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
tons in , shrinking by -% against figures. In general, consumption continues to indicate a deep contraction. Over the period under review, consumption attained the peak volume at tons in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.The size of the extruded solid rubber rod market in Indonesia fell significantly to $
in , shrinking 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). Overall, consumption, however, enjoyed a slight expansion. Extruded solid rubber rod consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for extruded solid rubber rod in Indonesia, the market is expected to continue its downward consumption trend over the next eight years. 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 .
% 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
Extruded solid rubber rod market in Indonesia consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Indonesia relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Indonesia remains a net importer of extruded solid rubber rod; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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