Indonesia: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Indonesia

The Indonesian chocolate bar with filling market expanded notably to $X in 2021, surging by 8.7% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.5% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Chocolate Bars With Fillings in Indonesia

In value terms, chocolate bar with filling production expanded remarkably to $X in 2021 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.0% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 34% against the previous year. Chocolate bar with filling production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Chocolate Bars With Fillings

Exports from Indonesia

After three years of decline, shipments abroad of chocolate bars with fillings increased by 17% to X tons in 2021. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 50%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, chocolate bar with filling exports expanded markedly to $X in 2021. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -17.8% against 2014 indices. The pace of growth appeared the most rapid in 2014 with an increase of 58%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for chocolate bar with filling exports from Indonesia, with a 65% share of total exports. Moreover, chocolate bar with filling exports to the United Arab Emirates exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. Madagascar (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+11.9% per year) and Madagascar (+20.7% per year).

In value terms, the Philippines ($X), the United Arab Emirates ($X) and Madagascar ($X) appeared to be the largest markets for chocolate bar with filling exported from Indonesia worldwide, with a combined 92% share of total exports.

The United Arab Emirates, with a CAGR of +24.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average chocolate bar with filling export price amounted to $X per ton, dropping by -2.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2013 an increase of 22%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Madagascar ($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 Mauritius (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Indonesia

In 2021, the amount of chocolate bars with fillings imported into Indonesia skyrocketed to X tons, jumping by 18% on the previous year. In general, imports showed perceptible growth. The pace of growth was the most pronounced in 2016 when imports increased by 83% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, chocolate bar with filling imports surged to $X in 2021. Overall, imports continue to indicate measured growth. The pace of growth appeared the most rapid in 2016 with an increase of 60%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest chocolate bar with filling supplier to Indonesia, with a 68% share of total imports. Moreover, chocolate bar with filling imports from Malaysia exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was held by Italy (X tons), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+224.1% per year) and Italy (+5.4% per year).

In value terms, Malaysia ($X) constituted the largest supplier of chocolate bars with fillings to Indonesia, comprising 62% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+193.3% per year) and Italy (+0.8% per year).

Import Prices by Country

In 2021, the average chocolate bar with filling import price amounted to $X per ton, with an increase of 3.1% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decline. The growth pace was the most rapid in 2014 an increase of 37%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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