Indonesia: Rare Gases Market 2024

Rare Gases Market Size in Indonesia

The Indonesian rare gases market was finally on the rise to reach $X in 2023, after two years of decline. Overall, consumption saw a remarkable increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Rare Gases Exports

Exports from Indonesia

In 2023, shipments abroad of rare gases (excluding argon) decreased by X% to X cubic meters for the first time since 2017, thus ending a five-year rising trend. Overall, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X cubic meters in 2022, and then dropped in the following year.

In value terms, rare gases exports totaled $X in 2023. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X cubic meters) was the main destination for rare gases exports from Indonesia, accounting for a X% share of total exports. Moreover, rare gases exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, the Philippines (X cubic meters), twofold. The third position in this ranking was held by China (X cubic meters), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Taiwan (Chinese) amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and China (X% per year).

In value terms, Taiwan (Chinese) ($X), China ($X) and Singapore ($X) were the largest markets for rare gases exported from Indonesia worldwide, with a combined X% share of total exports.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 rare gases export price amounted to $X per cubic meter, declining by X% against the previous year. In general, the export price faced a abrupt slump. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to the Philippines ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Rare Gases Imports

Imports into Indonesia

In 2023, the amount of rare gases (excluding argon) imported into Indonesia soared to X cubic meters, with an increase of X% on the previous year. Overall, imports saw prominent growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, rare gases imports surged to $X in 2023. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Singapore (X cubic meters) constituted the largest supplier of rare gases to Indonesia, accounting for a X% share of total imports. Moreover, rare gases imports from Singapore exceeded the figures recorded by the second-largest supplier, Malaysia (X cubic meters), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume from Singapore totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the United States (X% per year).

In value terms, the largest rare gases suppliers to Indonesia were Singapore ($X), the United States ($X) and Malaysia ($X), together accounting for X% of total imports.

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

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2023, growing by X% against the previous year. Over the period under review, the import price showed a modest increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2021 to 2023, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform