Indonesia: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Indonesia

The Indonesian market for malt extract and food preparations of flour, meal, and starches reduced sharply to $X in 2022, dropping by -17.8% against the previous year. In general, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -18.3% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Indonesia

In value terms, production of malt extract and food preparations of flour, meal, and starches declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 17%. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Indonesia

Exports of malt extract and food preparations of flour, meal, and starches from Indonesia fell to X tons in 2022, waning by -2.1% against the previous year. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. As a result, the exports reached the peak of X tons, and then shrank slightly in the following year.

In value terms, exports of malt extract and food preparations of flour, meal, and starches reduced to $X in 2022. In general, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Thailand (X tons), the Netherlands (X tons) and Malaysia (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Indonesia, with a combined 55% share of total exports. South Korea, China, Pakistan, Taiwan (Chinese), the UK, the Philippines, Saudi Arabia, Germany, Australia and Ireland lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +25.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for malt extract and food preparations of flour, meal, and starch exported from Indonesia were Thailand ($X), the Netherlands ($X) and South Korea ($X), together accounting for 54% of total exports. China, Pakistan, Malaysia, the Philippines, Taiwan (Chinese), the UK, Germany, Saudi Arabia, Australia and Ireland lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, China, with a CAGR of +32.9%, recorded the highest growth rate of 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 export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Malaysia ($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 Ireland (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Indonesia

After seven years of growth, purchases abroad of malt extract and food preparations of flour, meal, and starches decreased by -32% to X tons in 2022. Over the period under review, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 55% against the previous year. Over the period under review, imports of hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, imports of malt extract and food preparations of flour, meal, and starches declined sharply to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 79%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Thailand (X tons) and Singapore (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Indonesia, together accounting for 54% of total imports. New Zealand, Australia, the Netherlands, China, Poland, Ireland, France and the UK lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +77.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch suppliers to Indonesia were Thailand ($X), Malaysia ($X) and New Zealand ($X), with a combined 41% share of total imports. Singapore, Australia, the Netherlands, Ireland, Poland, France, China and the UK lagged somewhat behind, together accounting for a further 33%.

In terms of the main suppliers, Ireland, with a CAGR of +62.2%, saw the highest rates of growth with regard to 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 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, jumping by 18% against the previous year. Overall, the import price, however, saw a slight descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 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 Australia ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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