Indonesia: Gingerbread Market 2024

Gingerbread Market Size in Indonesia

The Indonesian gingerbread market totaled $X in 2022, increasing by 2.7% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Gingerbread consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Gingerbread Production in Indonesia

In value terms, gingerbread production expanded to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 17% against the previous year. Gingerbread production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Gingerbread Exports

Exports from Indonesia

In 2022, shipments abroad of gingerbread decreased by -22.2% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, saw temperate growth. The pace of growth appeared the most rapid in 2016 with an increase of 316%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, gingerbread exports surged to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 543% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Timor-Leste (X tons) was the main destination for gingerbread exports from Indonesia, with a 74% share of total exports. Moreover, gingerbread exports to Timor-Leste exceeded the volume sent to the second major destination, Nigeria (X tons), sevenfold. The third position in this ranking was taken by Maldives (X tons), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume to Timor-Leste stood at +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-3.6% per year) and Maldives (+3.7% per year).

In value terms, Timor-Leste ($X) remains the key foreign market for gingerbread exports from Indonesia, comprising 72% of total exports. The second position in the ranking was taken by Maldives ($X), with a 10% share of total exports. It was followed by Solomon Islands, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Timor-Leste stood at +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+8.2% per year) and Solomon Islands (+9.1% per year).

Export Prices by Country

In 2022, the average gingerbread export price amounted to $X per ton, growing by 74% against the previous year. Over the period under review, the export price, however, recorded a perceptible decrease. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, 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 Hong Kong SAR ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Gingerbread Imports

Imports into Indonesia

In 2022, after two years of growth, there was significant decline in supplies from abroad of gingerbread, when their volume decreased by -21.8% to X tons. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 165%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, gingerbread imports fell significantly to $X in 2022. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 190%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

In 2022, the UK (X kg) constituted the largest supplier of gingerbread to Indonesia, accounting for a 60% share of total imports. Moreover, gingerbread imports from the UK exceeded the figures recorded by the second-largest supplier, Malaysia (X kg), twofold. The third position in this ranking was held by South Korea (X kg), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled +59.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+0.9% per year) and South Korea (+3.6% per year).

In value terms, the UK ($X) constituted the largest supplier of gingerbread to Indonesia, comprising 69% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 5.5% share of total imports. It was followed by South Korea, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +43.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-13.3% per year) and South Korea (+5.8% per year).

Import Prices by Country

In 2022, the average gingerbread import price amounted to $X per ton, shrinking by -11.9% against the previous year. In general, the import price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 58%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :