Indonesia: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Indonesia

The Indonesian prepared dish and meal market dropped modestly to $X in 2021, waning by -3% against the previous year. Over the period under review, consumption recorded a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Prepared Dishes And Meals in Indonesia

In value terms, prepared dish and meal production reached $X in 2021 estimated in export price. Over the period under review, production saw a perceptible setback. The growth pace was the most rapid in 2017 with an increase of 13% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Prepared Dishes And Meals

Exports from Indonesia

In 2021, the amount of prepared dishes and meals exported from Indonesia was estimated at X tons, with an increase of 14% compared with the previous year. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 36% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, prepared dish and meal exports skyrocketed to $X in 2021. In general, exports recorded strong growth. The growth pace was the most rapid in 2014 when exports increased by 26%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Singapore (X tons) was the main destination for prepared dish and meal exports from Indonesia, accounting for a 37% share of total exports. Moreover, prepared dish and meal exports to Singapore exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. The third position in this ranking was held by Malaysia (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore amounted to +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+37.9% per year) and Malaysia (+7.3% per year).

In value terms, Singapore ($X) remains the key foreign market for prepared dishes and meals exports from Indonesia, comprising 31% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 12% share of total exports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+30.9% per year) and Malaysia (+5.6% per year).

Export Prices by Country

In 2021, the average prepared dish and meal export price amounted to $X per ton, with an increase of 7.8% against the previous year. In general, the export price, however, showed a pronounced downturn. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to India ($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 Germany (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prepared Dishes And Meals

Imports into Indonesia

In 2021, overseas purchases of prepared dishes and meals were finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 20%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, prepared dish and meal imports surged to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), South Korea (X tons) and China (X tons) were the main suppliers of prepared dish and meal imports to Indonesia, with a combined 56% share of total imports. Thailand, Singapore, the United States, the Netherlands, Vietnam, Taiwan (Chinese) and the Philippines lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +80.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared dish and meal suppliers to Indonesia were the United States ($X), Singapore ($X) and Malaysia ($X), together comprising 45% of total imports. These countries were followed by China, South Korea, Thailand, the Netherlands, Taiwan (Chinese), the Philippines and Vietnam, which together accounted for a further 32%.

Among the main suppliers, the Philippines, with a CAGR of +72.6%, recorded the highest growth rate of the value of imports, 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 prepared dish and meal import price amounted to $X per ton, increasing by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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 ($X per ton), while the price for Vietnam ($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 (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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