Indonesia: Cream Market 2021

Cream Market Size in Indonesia

For the fourth year in a row, the Indonesian cream market recorded growth in sales value, which increased by X% to $X in 2020. Overall, the total consumption indicated a temperate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2012 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level in 2020 and is expected to retain growth in the immediate term.

Cream Production in Indonesia

In value terms, cream production rose modestly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% year-to-year. Cream production peaked in 2020 and is expected to retain growth in the near future.

Cream Exports

Exports from Indonesia

In 2020, shipments abroad of cream decreased by -X% to X tons, falling for the ninth year in a row after five years of growth. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Exports peaked at X tons in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, cream exports dropped to $X in 2020. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Exports peaked at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for cream exports from Indonesia, accounting for a X% share of total exports. It was followed by the Philippines (X tons), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Malaysia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Tonga (-X% per year).

In value terms, Malaysia ($X) remains the key foreign market for cream exports from Indonesia, comprising X% of total exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Malaysia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Tonga (-X% per year).

Export Prices by Country

In 2020, the average cream export price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the export price recorded a mild shrinkage. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Tonga ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced a decline.

Cream Imports

Imports into Indonesia

In 2020, approx. X kg of cream were imported into Indonesia; leveling off at the previous year. Over the period under review, imports faced a precipitous shrinkage. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, cream imports totaled $X in 2020. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2009 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2009, New Zealand (X tons) constituted the largest supplier of cream to Indonesia, with a X% share of total imports. Moreover, cream imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold.

From 2007 to 2009, the average annual growth rate of volume from New Zealand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and Germany (+X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of cream to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports.

From 2007 to 2009, the average annual growth rate of value from New Zealand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and Germany (+X% per year).

Import Prices by Country

In 2009, the average cream import price amounted to $X per ton, waning by -X% against the previous year. Overall, the import price, however, saw a significant increase. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton, and then declined markedly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2009, the country with the highest price was Germany ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2007 to 2009, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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