Indonesia: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in Indonesia

In 2021, after five years of growth, there was decline in the Indonesian non-wheat cereal pellets market, when its value decreased by -3.2% to $X. Over the period under review, consumption, however, saw a remarkable increase. Over the period under review, the market hit record highs at $X in 2020, and then shrank slightly in the following year.

Non-Wheat Cereal Pellets Production in Indonesia

In value terms, non-wheat cereal pellets production dropped modestly to $X in 2021 estimated in export price. Overall, production, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 60% against the previous year. Non-wheat cereal pellets production peaked at $X in 2020, and then shrank slightly in the following year.

Non-Wheat Cereal Pellets Exports

Exports from Indonesia

In 2021, exports of cereal pellets (excluding wheat) from Indonesia surged to X tons, rising by 212% compared with the previous year's figure. Over the period under review, exports showed mild growth. The most prominent rate of growth was recorded in 2013 with an increase of 970% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-wheat cereal pellets exports soared to $X in 2021. In general, exports showed strong growth. The growth pace was the most rapid in 2013 when exports increased by 939%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X tons) was the main destination for non-wheat cereal pellets exports from Indonesia, with a 92% share of total exports. Moreover, non-wheat cereal pellets exports to the Philippines exceeded the volume sent to the second major destination, Nigeria (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Philippines amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+490.0% per year) and Nepal (-21.2% per year).

In value terms, the Philippines ($X) remains the key foreign market for cereal pellets (excluding wheat) exports from Indonesia, comprising 90% of total exports. The second position in the ranking was held by Nigeria ($X), with a 7.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Philippines totaled +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+471.4% per year) and Nepal (-16.2% per year).

Export Prices by Country

The average non-wheat cereal pellets export price stood at $X per ton in 2021, surging by 2% against the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat cereal pellets export price increased by +91.2% against 2014 indices. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Nepal ($X per ton), while the average price for exports to the Philippines ($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 the Philippines (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Wheat Cereal Pellets Imports

Imports into Indonesia

In 2021, the amount of cereal pellets (excluding wheat) imported into Indonesia plummeted to X tons, which is down by -21.6% compared with the year before. Overall, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 325%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, non-wheat cereal pellets imports contracted rapidly to $X in 2021. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by 355%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Malaysia (X tons) and Australia (X tons) were the main suppliers of non-wheat cereal pellets imports to Indonesia.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +20.6%).

In value terms, Malaysia ($X) constituted the largest supplier of cereal pellets (excluding wheat) to Indonesia, comprising 91% of total imports. The second position in the ranking was held by Australia ($X), with a 7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia totaled +4.4%.

Import Prices by Country

In 2021, the average non-wheat cereal pellets import price amounted to $X per ton, dropping by -6.6% against the previous year. In general, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 8.3% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-13.4%).

Source: IndexBox Platform

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