Indonesia: Crispbread Market 2024

Crispbread Market Size in Indonesia

The Indonesian crispbread market rose rapidly to $X in 2021, increasing by 8.5% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 -8.4% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Crispbread Production in Indonesia

In value terms, crispbread production totaled $X in 2021 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2021: its value 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. Based on 2021 figures, production decreased by -7.4% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 28% against the previous year. Crispbread production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Crispbread Exports

Exports from Indonesia

In 2021, approx. X tons of crispbread were exported from Indonesia; rising by 3.2% on 2020 figures. Overall, exports enjoyed a modest expansion. The growth pace was the most rapid in 2016 with an increase of 42% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, crispbread exports declined to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 25%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Tonga (X tons), Solomon Islands (X tons) and Fiji (X tons) were the main destinations of crispbread exports from Indonesia, together accounting for 53% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji (with a CAGR of +71.6%), while the other leaders experienced more modest paces of growth.

In value terms, Solomon Islands ($X), Tonga ($X) and Fiji ($X) constituted the largest markets for crispbread exported from Indonesia worldwide, with a combined 42% share of total exports.

Among the main countries of destination, Fiji, with a CAGR of +57.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crispbread export price stood at $X per ton in 2021, waning by -8% against the previous year. Over the period under review, the export price saw a noticeable decrease. The most prominent rate of growth was recorded in 2013 an increase of 45% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Liberia ($X per ton), while the average price for exports to Singapore ($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 Solomon Islands (+9.1%), while the prices for the other major destinations experienced a decline.

Crispbread Imports

Imports into Indonesia

In 2021, crispbread imports into Indonesia shrank significantly to X tons, which is down by -48.8% compared with 2020 figures. Overall, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 91% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, crispbread imports plummeted to $X in 2021. Over the period under review, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by 78% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Malaysia (X tons), China (X tons) and Singapore (X tons) were the main suppliers of crispbread imports to Indonesia, with a combined 91% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +697.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Singapore ($X) appeared to be the largest crispbread suppliers to Indonesia, together accounting for 76% of total imports.

China, with a CAGR of +495.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average crispbread import price amounted to $X per ton, waning by -4% against the previous year. Overall, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 an increase of 39%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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