The market is dominated by domestic suppliers, as imports account for 41.0% of total market size in 2023. B2B drives market demand, with B2B spending representing 86.6% of total demand in 2023. Indonesia has the seventh largest market size for rubber products regionally, with demand reaching USD6.1 billion in 2023. Gajah Tunggal Tbk PT is the largest company in Indonesia, generating 16.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 29.2% of total production value in 2023. The total number of companies decreases in 2023, to 1,880 units. The costs of the industry decrease by 2.3% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 29.1% of production value in 2023, the third highest regionally. The industry’s exports share decreases in 2023 to 64.4% of total production output. With production value of USD9.0 billion, Indonesia accounts for 3.5% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Rubber Products in Indonesia: ISIC 251. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Rubber Products in Indonesia: ISIC 251 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Rubber and Plastic is an aggregation of Plastic and Rubber products.
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