Indonesia: Cereal Germ Market 2024

Cereal Germ Market Size in Indonesia

The Indonesian cereal germ market dropped to $X in 2021, waning by -5.1% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Cereal Germ Production in Indonesia

In value terms, cereal germ production fell to $X in 2021 estimated in export price. In general, production showed a slight setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 19% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Cereal Germ Exports

Exports from Indonesia

After two years of growth, overseas shipments of cereal germ decreased by -27.9% to X tons in 2021. Over the period under review, exports, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 131% against the previous year. As a result, the exports attained the peak of X tons, and then plummeted in the following year.

In value terms, cereal germ exports declined significantly to $X in 2021. In general, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2020 when exports increased by 163% against the previous year. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

South Korea (X tons), Turkey (X tons) and India (X tons) were the main destinations of cereal germ exports from Indonesia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +395.1%), while the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X), South Korea ($X) and India ($X) constituted the largest markets for cereal germ exported from Indonesia worldwide.

In terms of the main countries of destination, South Korea, with a CAGR of +256.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average cereal germ export price amounted to $X per ton, increasing by 2.2% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The growth pace was the most rapid in 2020 an increase of 14%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.0%), while the prices for the other major destinations experienced a decline.

Cereal Germ Imports

Imports into Indonesia

For the third consecutive year, Indonesia recorded growth in overseas purchases of cereal germ, which increased by 76% to X tons in 2021. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 313%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, cereal germ imports surged to $X in 2021. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 280% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cereal germ to Indonesia, accounting for a 79% share of total imports. Moreover, cereal germ imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +422.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+21.8% per year) and the United States (-46.4% per year).

In value terms, the largest cereal germ suppliers to Indonesia were China ($X), Australia ($X) and the United States ($X), together comprising 100% of total imports.

China, with a CAGR of +134.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average cereal germ import price amounted to $X per ton, surging by 13% against the previous year. Overall, the import price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 48%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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