Indonesia: Nuts Market 2024

Nuts Market Size in Indonesia

In 2022, the Indonesian nuts market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Nuts consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Nuts Production in Indonesia

In value terms, nuts production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

The average yield of nuts in Indonesia declined to X kg per ha in 2022, which is down by X% against 2021. In general, the yield showed a slight reduction. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. The nuts yield peaked at X kg per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of nuts production in Indonesia was estimated at X ha, flattening at 2021 figures. In general, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. The nuts harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Nuts Exports

Exports from Indonesia

In 2022, shipments abroad of nuts decreased by X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports recorded a perceptible slump. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, nuts exports shrank remarkably to $X in 2022. Overall, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iran (X tons) was the main destination for nuts exports from Indonesia, with a X% share of total exports. Moreover, nuts exports to Iran exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. India (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iran stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and India (X% per year).

In value terms, Iran ($X) emerged as the key foreign market for nuts exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Iran amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average nuts export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nuts export price increased by X% against 2019 indices. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then plummeted in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Pakistan ($X per ton) and Nepal ($X per ton), while the average price for exports to China ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Nuts Imports

Imports into Indonesia

Nuts imports into Indonesia skyrocketed to X tons in 2022, increasing by X% compared with 2021 figures. Over the period under review, imports recorded a noticeable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, nuts imports skyrocketed to $X in 2022. In general, imports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Cote d'Ivoire (X tons) was the main supplier of nuts to Indonesia, accounting for a X% share of total imports. Moreover, nuts imports from Cote d'Ivoire exceeded the figures recorded by the second-largest supplier, Ghana (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Cote d'Ivoire stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ghana (X% per year) and the United States (X% per year).

In value terms, Cote d'Ivoire ($X) constituted the largest supplier of nuts to Indonesia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Cote d'Ivoire totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the average nuts import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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