Indonesia: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Indonesia

The Indonesian market for mixed condiments, sauses and seasonings dropped slightly to $X in 2022, with a decrease of -4.3% against the previous year. Overall, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 -13.5% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Mixed Condiments, Sauses and Seasonings in Indonesia

In value terms, mixed condiment, sause and seasoning production shrank slightly to $X in 2022 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -12.3% against 2019 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 42%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Indonesia

In 2022, after four years of growth, there was decline in overseas shipments of mixed condiments, sauses and seasonings, when their volume decreased by -3.6% to X tons. In general, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 31%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped slightly in the following year.

In value terms, mixed condiment, sause and seasoning exports reduced to $X in 2022. Over the period under review, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2020 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), Egypt (X tons) and Nigeria (X tons) were the main destinations of mixed condiment, sause and seasoning exports from Indonesia, together comprising 50% of total exports. Turkey, Malaysia, the Philippines, Croatia, Morocco, Thailand, Sudan, Timor-Leste, Singapore and Taiwan (Chinese) lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +80.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixed condiment, sause and seasoning exported from Indonesia were Saudi Arabia ($X), Nigeria ($X) and Egypt ($X), with a combined 55% share of total exports. Turkey, the Philippines, Malaysia, Morocco, Sudan, Croatia, Thailand, Singapore, Taiwan (Chinese) and Timor-Leste lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, Turkey, with a CAGR of +97.5%, 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 mixed condiments, sauses and seasonings stood at $X per ton in 2022, with a decrease of -1.8% against the previous year. Overall, the export price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 5.7%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Malaysia ($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 Turkey (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Indonesia

In 2022, the amount of mixed condiments, sauses and seasonings imported into Indonesia declined modestly to X tons, waning by -3.7% compared with 2021 figures. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 46%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, mixed condiment, sause and seasoning imports declined modestly to $X in 2022. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of mixed condiment, sause and seasoning to Indonesia, with a 47% share of total imports. Moreover, mixed condiment, sause and seasoning imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. Malaysia (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+14.4% per year) and Malaysia (-1.3% per year).

In value terms, China ($X), Malaysia ($X) and Thailand ($X) appeared to be the largest mixed condiment, sause and seasoning suppliers to Indonesia, with a combined 75% share of total imports. Singapore, South Korea, the United States and Vietnam lagged somewhat behind, together accounting for a further 13%.

In terms of the main suppliers, Vietnam, with a CAGR of +17.2%, 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

The average import price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price, however, recorded a mild decline. The pace of growth was the most pronounced in 2020 when the average import price increased by 14%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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