Indonesia: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Indonesia

The Indonesian market for processed cheese (excluding grated or powdered) shrank to $X in 2020, remaining constant against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Consumption peaked at $X in 2010; however, from 2011 to 2020, consumption stood at a somewhat lower figure.

Production of Processed cheese (excluding grated or powdered) in Indonesia

In value terms, production of processed cheese (excluding grated or powdered) fell to $X in 2020 estimated in export prices. In general, the total production indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2010; however, from 2011 to 2020, production remained at a lower figure.

Exports of Processed cheese (excluding grated or powdered)

Exports from Indonesia

In 2020, shipments abroad of processed cheese (excluding grated or powdered) was finally on the rise to reach X tons after two years of decline. Over the period under review, exports saw moderate growth. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. As a result, exports attained the peak of X tons. From 2018 to 2020, the growth of exports failed to regain the momentum.

In value terms, exports of processed cheese (excluding grated or powdered) amounted to $X in 2020. In general, exports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2018 to 2020, the growth of exports remained at a lower figure.

Exports by Country

The Philippines (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from Indonesia, with a X% share of total exports. Moreover, exports of processed cheese (excluding grated or powdered) to the Philippines exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the Philippines stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Singapore (+X% per year).

In value terms, the Philippines ($X) remains the key foreign market for processed cheese (excluding grated or powdered) exports from Indonesia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the Philippines totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Singapore (+X% per year).

Export Prices by Country

In 2020, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, stabilizing at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2010; however, from 2011 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per ton), while the average price for exports to Timor-Leste ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced a decline.

Imports of Processed cheese (excluding grated or powdered)

Imports into Indonesia

In 2020, overseas purchases of processed cheese (excluding grated or powdered) decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2010; however, from 2011 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) totaled $X in 2020. Over the period under review, imports enjoyed mild growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest processed cheese (excluding grated or powdered) supplier to Indonesia, with a X% share of total imports. Moreover, imports of processed cheese (excluding grated or powdered) from the U.S. exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. The third position in this ranking was occupied by New Zealand (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and New Zealand (-X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and New Zealand (-X% per year).

Import Prices by Country

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, with an increase of X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was France ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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