Indonesia: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Indonesia

In 2022, after two years of decline, there was growth in the Indonesian chocolate and confectionery market, when its value increased by 1.1% to $X. The market value increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Chocolate And Confectionery Production in Indonesia

In value terms, chocolate and confectionery production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 28%. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Chocolate And Confectionery Exports

Exports from Indonesia

In 2022, shipments abroad of chocolate and confectionery decreased by -6.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. 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 21%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, chocolate and confectionery exports rose modestly to $X in 2022. Overall, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +2.6% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 49%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates (X tons) was the main destination for chocolate and confectionery exports from Indonesia, with a 94% share of total exports. Moreover, chocolate and confectionery exports to the United Arab Emirates exceeded the volume sent to the second major destination, Myanmar (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +59.3%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for chocolate and confectionery exports from Indonesia, comprising 95% of total exports. The second position in the ranking was held by Myanmar ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at +64.3%.

Export Prices by Country

In 2022, the average chocolate and confectionery export price amounted to $X per ton, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2014 when the average export price increased by 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Myanmar amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Indonesia

In 2022, the amount of chocolate and confectionery imported into Indonesia fell to X tons, declining by -15% compared with the previous year's figure. In general, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by +0.2% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by 42% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, chocolate and confectionery imports fell to $X in 2022. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.0% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 34% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main chocolate and confectionery supplier to Indonesia, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +173.2%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of chocolate and confectionery to Indonesia.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +146.4%.

Import Prices by Country

The average chocolate and confectionery import price stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period under review, the import price, however, saw a slight shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +2.8% per year.

Source: IndexBox Platform

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