Indonesia: Cheese And Curd Market 2024

Cheese And Curd Market Size in Indonesia

The Indonesian cheese and curd market rose modestly to $X in 2022, with an increase of 2.6% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Cheese and curd consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cheese And Curd Production in Indonesia

In value terms, cheese and curd production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 24%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cheese And Curd Exports

Exports from Indonesia

For the fourth year in a row, Indonesia recorded growth in overseas shipments of cheese and curd, which increased by 60% to X tons in 2022. Overall, exports showed a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 71% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cheese and curd exports surged to $X in 2022. In general, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Philippines (X tons), Malaysia (X tons) and Thailand (X tons) were the main destinations of cheese and curd exports from Indonesia, with a combined 91% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +62.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) remains the key foreign market for cheese and curd exports from Indonesia, comprising 62% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 24% share of total exports. It was followed by Thailand, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines stood at +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+58.6% per year) and Thailand (-9.4% per year).

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+2.3%), while the prices for the other major destinations experienced a decline.

Cheese And Curd Imports

Imports into Indonesia

Cheese and curd imports into Indonesia soared to X tons in 2022, with an increase of 53% on 2021 figures. In general, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cheese and curd imports soared to $X in 2022. Over the period under review, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

New Zealand (X tons), the United States (X tons) and Australia (X tons) were the main suppliers of cheese and curd imports to Indonesia, together comprising 79% of total imports. Argentina, France, Denmark and the Netherlands lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +34.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), the United States ($X) and Australia ($X) constituted the largest cheese and curd suppliers to Indonesia, together accounting for 74% of total imports. France, Argentina, Denmark and the Netherlands lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, Argentina, with a CAGR of +36.9%, 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 cheese and curd import price stood at $X per ton in 2022, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2017 an increase of 15%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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