Indonesia: Aluminum Market 2024

Aluminum Market Size in Indonesia

In 2022, the Indonesian aluminum market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption recorded a slight downturn. Aluminum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Aluminum Production in Indonesia

In value terms, aluminum production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production saw a mild curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Aluminum production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Aluminum Exports

Exports from Indonesia

In 2022, aluminum exports from Indonesia expanded remarkably to X tons, with an increase of X% on 2021. In general, exports, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, aluminum exports surged to $X in 2022. Overall, exports saw slight growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China (X tons), the Netherlands (X tons) and Vietnam (X tons) were the main destinations of aluminum exports from Indonesia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminum exported from Indonesia were China ($X), the Netherlands ($X) and Vietnam ($X), together accounting for X% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average aluminum export price amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminum export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Malaysia ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminum Imports

Imports into Indonesia

In 2022, the amount of aluminum and alloys imported into Indonesia fell to X tons, reducing by X% on 2021. Over the period under review, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminum imports amounted to $X in 2022. In general, imports showed a pronounced decrease. 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 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Australia (X tons) and Malaysia (X tons) were the main suppliers of aluminum imports to Indonesia, with a combined X% share of total imports. India, Russia, Qatar, South Korea, South Africa, Spain, Nigeria, Taiwan (Chinese), Bahrain and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Australia ($X) and Malaysia ($X) were the largest aluminum suppliers to Indonesia, together comprising X% of total imports. India, Russia, Qatar, South Korea, South Africa, Spain, Bahrain, Taiwan (Chinese), Nigeria and Switzerland lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Switzerland, 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 aluminum import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and Bahrain ($X per ton), while the price for Nigeria ($X per ton) and Spain ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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