Indonesia: Inulin Market 2024

Inulin Market Size in Indonesia

The Indonesian inulin market shrank slightly to $X in 2021, declining by -2.4% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Inulin Production in Indonesia

In value terms, inulin production reduced to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 18%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Inulin Exports

Exports from Indonesia

In 2021, after five years of decline, there was significant growth in shipments abroad of inulin, when their volume increased by 33% to X tons. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 508% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, inulin exports expanded significantly to $X in 2021. Overall, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 385% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) was the main destination for inulin exports from Indonesia, accounting for a 76% share of total exports. Moreover, inulin exports to Nigeria exceeded the volume sent to the second major destination, Thailand (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria was relatively modest.

In value terms, Nigeria ($X) emerged as the key foreign market for inulin exports from Indonesia, comprising 70% of total exports. The second position in the ranking was held by Thailand ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Nigeria was relatively modest.

Export Prices by Country

The average inulin export price stood at $X per ton in 2021, falling by -19.2% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, inulin export price increased by +68.8% against 2015 indices. The most prominent rate of growth was recorded in 2020 an increase of 29%. As a result, the export price attained the peak level of $X per ton, and then dropped remarkably in the following year.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Nigeria stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.6%), while the prices for the other major destinations experienced a decline.

Inulin Imports

Imports into Indonesia

In 2021, approx. X tons of inulin were imported into Indonesia; rising by 19% compared with the previous year's figure. The total import volume increased at an average annual rate of +6.0% over the period from 2012 to 2021; however, 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.

In value terms, inulin imports skyrocketed to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 +66.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Chile (X tons) were the main suppliers of inulin imports to Indonesia, with a combined 63% 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 Chile (with a CAGR of +25.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest inulin suppliers to Indonesia were Belgium ($X), the Netherlands ($X) and Chile ($X), together comprising 65% of total imports.

In terms of the main suppliers, Chile, with a CAGR of +23.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average inulin import price stood at $X per ton in 2021, growing by 13% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 16% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Chile ($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 Netherlands (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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