Indonesia: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2024

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in Indonesia

In 2023, the Indonesian rubber tube and pipe market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption continues to indicate a perceptible decrease. Rubber tube and pipe consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from Indonesia

In 2023, the amount of tubes, pipes and hoses of vulcanized rubber exported from Indonesia declined to X tons, which is down by X% against 2022 figures. Over the period under review, total exports indicated a moderate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2022, and then declined in the following year.

In value terms, rubber tube and pipe exports dropped to $X in 2023. In general, exports, however, saw tangible growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then shrank in the following year.

Exports by Country

The United States (X tons), Singapore (X tons) and Japan (X tons) were the main destinations of rubber tube and pipe exports from Indonesia, with a combined X% share of total exports. Malaysia, Thailand, Poland, the Netherlands, the Philippines, China, Iran, Mexico, the United Arab Emirates and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rubber tube and pipe exported from Indonesia were the United States ($X), Japan ($X) and Singapore ($X), together accounting for X% of total exports. Thailand, Malaysia, China, Mexico, the Philippines, the Netherlands, Iran, the United Arab Emirates, Saudi Arabia and Poland lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average rubber tube and pipe export price amounted to $X per ton, falling by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into Indonesia

In 2023, after two years of growth, there was significant decline in supplies from abroad of tubes, pipes and hoses of vulcanized rubber, when their volume decreased by X% to X tons. Over the period under review, imports showed a perceptible reduction. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, rubber tube and pipe imports fell to $X in 2023. In general, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) constituted the largest rubber tube and pipe supplier to Indonesia, with a X% share of total imports. Moreover, rubber tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Thailand (X% per year).

In value terms, Japan ($X), China ($X) and Thailand ($X) appeared to be the largest rubber tube and pipe suppliers to Indonesia, with a combined X% share of total imports. The United States, Malaysia, Singapore, India and South Korea lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rubber tube and pipe import price stood at $X per ton in 2023, rising by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform