Updated Nov 22, 2022 16:19

Market for Refractory Products of Siliceous or Diatomite Earths in Indonesia

Market Overview
In , after two years of decline, there was growth in the Indonesian market for refractory products of siliceous or diatomite earths, when its value increased by % to $. In general, consumption showed a slight expansion. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market failed to regain momentum.

In value terms, production of refractory products of siliceous or diatomite earths rose to $ in estimated in export price. In general, production enjoyed slight growth. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2019 to , production of growth failed to regain momentum.


Consumption
In , consumption of refractory products of siliceous or diatomite earths increased by % to tons, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak volume of tons. From 2019 to , the growth of the consumption of failed to regain momentum.

The size of the market for refractory products of siliceous or diatomite earths in Indonesia rose to $ in , growing 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 enjoyed slight growth. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market failed to regain momentum.


Market Forecast
Driven by increasing demand for refractory products of siliceous or diatomite earths in Indonesia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase 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
Over the period under review, imports of refractory products of siliceous or diatomite earths in Indonesia were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for refractory products of siliceous or diatomite earths. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Indonesia remains a net exporter of refractory products of siliceous or diatomite earths; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.