Indonesia: Market for Condensed Or Evaporated Milk (Unsweetened) 2024

Market Size for Condensed Or Evaporated Milk (Unsweetened) in Indonesia

The Indonesian market for condensed or evaporated milk (unsweetened) surged to $X in 2021, increasing by 149% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Condensed Or Evaporated Milk (Unsweetened)

Exports from Indonesia

In 2021, unsweetened condensed and evaporated milk exports from Indonesia shrank to X tons, waning by -8.3% on 2020 figures. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by 61%. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, unsweetened condensed and evaporated milk exports contracted to $X in 2021. Overall, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 165% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for unsweetened condensed and evaporated milk exports from Indonesia, with a 32% share of total exports. Moreover, unsweetened condensed and evaporated milk exports to Chile exceeded the volume sent to the second major destination, Oman (X tons), twofold. The third position in this ranking was taken by the Philippines (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Chile totaled +226.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+33.9% per year) and the Philippines (+1.4% per year).

In value terms, Nigeria ($X) remains the key foreign market for condensed or evaporated milk (unsweetened) exports from Indonesia, comprising 50% of total exports. The second position in the ranking was taken by Oman ($X), with a 17% share of total exports. It was followed by the Philippines, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria amounted to +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+40.5% per year) and the Philippines (+12.9% per year).

Export Prices by Country

The average export price for condensed or evaporated milk (unsweetened) stood at $X per ton in 2021, waning by -2.7% against the previous year. In general, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 100% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Chile ($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 Nigeria (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Condensed Or Evaporated Milk (Unsweetened)

Imports into Indonesia

In 2021, approx. X tons of condensed or evaporated milk (unsweetened) were imported into Indonesia; with an increase of 98% against 2020. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, unsweetened condensed and evaporated milk imports soared to $X in 2021. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) constituted the largest unsweetened condensed and evaporated milk supplier to Indonesia, with a 80% share of total imports. Moreover, unsweetened condensed and evaporated milk imports from Australia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia stood at +53.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+1.9% per year) and the United States (+1.9% per year).

In value terms, Australia ($X) constituted the largest supplier of condensed or evaporated milk (unsweetened) to Indonesia, comprising 85% of total imports. The second position in the ranking was held by Malaysia ($X), with an 8.1% share of total imports. It was followed by the United States, with a 4% share.

From 2012 to 2021, the average annual growth rate of value from Australia amounted to +40.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+2.2% per year) and the United States (+7.0% per year).

Import Prices by Country

In 2021, the average import price for condensed or evaporated milk (unsweetened) amounted to $X per ton, remaining constant against the previous year. In general, import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unsweetened condensed and evaporated milk import price decreased by -21.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 50% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Malaysia ($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 (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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