Indonesia - Acrylic Polymers (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 19, 2024

Indonesia - Acrylic Polymers (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights

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Acrylic Polymer Price in Indonesia - 2022

Contents:

  1. Acrylic Polymer Price in Indonesia (CIF) - 2022
  2. Acrylic Polymer Price in Indonesia (FOB) - 2022
  3. Acrylic Polymer Imports in Indonesia
  4. Acrylic Polymer Exports in Indonesia

Acrylic Polymer Price in Indonesia (CIF) - 2022

The average acrylic polymer import price stood at $2,286 per ton in 2022, picking up by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a mild setback. Over the period under review, average import prices hit record highs at $2,632 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($5,047 per ton), while the price for China ($1,953 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Acrylic Polymer Price in Indonesia (FOB) - 2022

The average acrylic polymer export price stood at $1,464 per ton in 2022, surging by 16% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18% against the previous year. The export price peaked at $1,724 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($1,821 per ton), while the average price for exports to Nigeria ($1,213 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 (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Acrylic Polymer Imports in Indonesia

Acrylic polymer imports into Indonesia dropped slightly to 154K tons in 2022, remaining stable against the previous year. The total import volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24%. As a result, imports reached the peak of 156K tons, and then reduced in the following year.

In value terms, acrylic polymer imports amounted to $352M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Acrylic Polymer in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China76.270.999.813220.1%
South Korea15.613.726.437.734.2%
Singapore41.627.636.435.5-5.1%
Japan25.518.526.835.411.6%
Thailand29.622.531.627.3-2.7%
Malaysia13.516.125.018.511.1%
Taiwan (Chinese)8.77.210.88.4-1.2%
Others54.552.758.757.01.5%
Total2652293163529.9%

Top Suppliers of Acrylic Polymer to Indonesia in 2022:

  1. China (67.9K tons)
  2. South Korea (16.6K tons)
  3. Singapore (16.4K tons)
  4. Japan (12.5K tons)
  5. Thailand (11.8K tons)
  6. Malaysia (9.0K tons)
  7. Taiwan (Chinese) (3.4K tons)

Acrylic Polymer Exports in Indonesia

In 2022, exports of acrylic polymers (in primary forms) from Indonesia contracted to 85K tons, dropping by -14.8% against the previous year's figure. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports attained the peak of 100K tons, and then declined in the following year.

In value terms, acrylic polymer exports dropped to $124M in 2022. The total export value increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of $126M, and then declined slightly in the following year.

Export of Acrylic Polymer in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam19.017.924.629.215.4%
India16.611.219.025.315.1%
Australia14.310.914.812.0-5.7%
Thailand7.36.67.510.011.1%
Philippines7.16.812.39.911.7%
Malaysia7.18.09.27.30.9%
China9.37.710.16.4-11.7%
Singapore4.33.86.15.810.5%
Nigeria4.34.76.55.47.9%
Mexico4.33.01.2N/A-47.2%
Others13.710.614.313.0-1.7%
Total10791.21261245.0%

Top Export Markets for Acrylic Polymer from Indonesia in 2022:

  1. Mexico (undefinedK tons)
  2. Vietnam (19.5K tons)
  3. India (15.3K tons)
  4. Australia (9.6K tons)
  5. Thailand (6.6K tons)
  6. Philippines (5.4K tons)
  7. Malaysia (4.9K tons)
  8. China (4.5K tons)
  9. Nigeria (4.5K tons)
  10. Singapore (3.8K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the acrylic polymer market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20165350 - Polymethyl methacrylate, in primary forms
  • Prodcom 20165390 - Acrylic polymers, in primary forms (excluding polymethyl methacrylate)

Country coverage:

  • Indonesia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Indonesia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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