Indonesia: Fructose Market 2025

Fructose Market Size in Indonesia

The Indonesian fructose market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, showed a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Fructose Production in Indonesia

In value terms, fructose production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2014 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Fructose Exports

Exports from Indonesia

In 2021, exports of fructose and fructose syrup from Indonesia expanded markedly to X tons, rising by 10% against the previous year. Over the period under review, exports enjoyed prominent growth. The growth pace was the most rapid in 2018 when exports increased by 45%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, fructose exports expanded markedly to $X in 2021. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 45% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons), Vietnam (X tons) and China (X tons) were the main destinations of fructose exports from Indonesia, together accounting for 69% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +133.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for fructose and fructose syrup exports from Indonesia, comprising 46% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 7.8% share of total exports. It was followed by the Netherlands, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+99.5% per year) and the Netherlands (+39.5% per year).

Export Prices by Country

In 2021, the average fructose export price amounted to $X per ton, approximately equating the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 20% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($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 Australia (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Fructose Imports

Imports into Indonesia

In 2021, supplies from abroad of fructose and fructose syrup increased by 4.7% to X tons, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 47%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, fructose imports soared to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 23%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of fructose to Indonesia, accounting for a 53% share of total imports. Moreover, fructose imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was held by Malaysia (X tons), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+107.6% per year) and Malaysia (+21.4% per year).

In value terms, China ($X) constituted the largest supplier of fructose and fructose syrup to Indonesia, comprising 54% of total imports. The second position in the ranking was held by Turkey ($X), with a 12% share of total imports. It was followed by Malaysia, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+72.5% per year) and Malaysia (+21.9% per year).

Import Prices by Country

In 2021, the average fructose import price amounted to $X per ton, surging by 15% against the previous year. Over the period under review, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for Turkey ($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 more modest paces of growth.

Source: IndexBox Platform

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