"PET Asia Outlook - Next level of growth" Government Lifts Anti-Dumping Duty for PET Products Friday, 21 March, 2014 Tempo.co The lifting of antidumping duties bring good cheers to suppliers from South Korea, China, Singapore & Taiwan as primarily the Indonesian market was largely dominated by local producers PT Indo-Rama Synthetics Tbk, PT Indorama Ventures Indonesia and PT Polypet Karyapersada. The growing consumer market led food & beverage producers to appeal for a lifting of antidumping duties as local market experience a shortage of PET and antidumping duties had increased their production costs While in 2013 domestic PET production reached 467,000 tons, 250,000 tons of this was reportedly exported , leaving a shortage for domestic use. According to Canadean “the 130 million Indonesian consumers aged 29 or under are one of the best opportunities for consumer packaged goods (CPG) firms across Asia-Pacific. Big brands like L’Oreal and Unilever have recently opened new factories in Indonesia presenting new opportunities to packaging manufacturers Within the region, the juice drinks, teas and sports drinks sector is forecast to grow by 4% per annum over the next 4 years, with the market share of PET bottles in this sector to grow by 6% as consumers increasingly recognise the material as more convenient and lighter than glass, and more hygienic than HDPE. | 
