Indonesia: Canned Food Market 2024

Canned Food Market Size in Indonesia

In 2021, the Indonesian canned food market decreased by -10.7% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +19.2% against 2018 indices. Canned food consumption peaked at $X in 2020, and then reduced in the following year.

Canned Food Production in Indonesia

In value terms, canned food production fell to $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +25.2% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 30%. As a result, production attained the peak level of $X, and then fell in the following year.

Canned Food Exports

Exports from Indonesia

For the fifth consecutive year, Indonesia recorded growth in shipments abroad of canned food, which increased by 21% to X tons in 2021. The total export volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 33% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, canned food exports skyrocketed to $X in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +89.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 44%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for canned food exports from Indonesia, with a 29% share of total exports. Moreover, canned food exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with an 8.3% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+3.0% per year) and the Netherlands (+4.6% per year).

In value terms, the United States ($X) remains the key foreign market for canned food exports from Indonesia, comprising 26% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 10% share of total exports. It was followed by Spain, with an 8.4% share.

From 2012 to 2020, the average annual growth rate of value to the United States totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+18.1% per year) and Spain (+5.0% per year).

Export Prices by Country

In 2020, the average canned food export price amounted to $X per ton, growing by 41% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +4.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Indonesia

Canned food imports into Indonesia amounted to X tons in 2021, growing by 8% on the previous year. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.4% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by 34% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, canned food imports skyrocketed to $X in 2021. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 28% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2020, China (X tons) constituted the largest canned food supplier to Indonesia, with a 43% share of total imports. Moreover, canned food imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. Singapore (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from China amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+13.0% per year) and Singapore (+12.0% per year).

In value terms, the largest canned food suppliers to Indonesia were China ($X), Singapore ($X) and Thailand ($X), with a combined 63% share of total imports.

Among the main suppliers, Thailand, with a CAGR of +39.3%, 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 more modest paces of growth.

Import Prices by Country

In 2020, the average canned food import price amounted to $X per ton, increasing by 16% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2020: its price increased at an average annual rate of +6.3% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, canned food import price increased by +62.7% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 18%. The import price peaked in 2020 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Thailand (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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