Indonesia: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Indonesia

The Indonesian market for protein concentrates and flavoured or coloured sugar syrups rose notably to $X in 2021, with an increase of 8% against the previous year. In general, consumption continues to indicate a resilient expansion. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Indonesia

In value terms, production of protein concentrates and flavoured or coloured sugar syrups rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 80% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production of growth failed to regain momentum.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Indonesia

In 2021, shipments abroad of protein concentrates and flavoured or coloured sugar syrups was finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a dramatic curtailment. The growth pace was the most rapid in 2017 with an increase of 150%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. In general, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 76%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from Indonesia, accounting for a 51% share of total exports. Moreover, exports of protein concentrates and flavoured or coloured sugar syrups to the United Arab Emirates exceeded the volume sent to the second major destination, Pakistan (X tons), threefold. The third position in this ranking was held by Nigeria (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +59.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+4.0% per year) and Nigeria (-25.1% per year).

In value terms, the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from Indonesia were the United Arab Emirates ($X), Nigeria ($X) and Pakistan ($X), together accounting for 75% of total exports.

The United Arab Emirates, with a CAGR of +59.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, rising by 13% against the previous year. In general, the export price continues to indicate prominent growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 501%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Timor-Leste ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+131.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Indonesia

In 2021, the amount of protein concentrates and flavoured or coloured sugar syrups imported into Indonesia skyrocketed to X tons, growing by 22% against the year before. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 52%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. Overall, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 58%. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest protein concentrate and flavoured or coloured sugar syrup supplier to Indonesia, with a 79% share of total imports. Moreover, imports of protein concentrates and flavoured or coloured sugar syrups from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was held by India (X tons), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.3% per year) and India (-3.7% per year).

In value terms, China ($X) constituted the largest supplier of protein concentrates and flavoured or coloured sugar syrups to Indonesia, comprising 60% of total imports. The second position in the ranking was held by the United States ($X), with a 24% share of total imports. It was followed by Singapore, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.7% per year) and Singapore (+1.4% per year).

Import Prices by Country

In 2021, the average import price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, picking up by 25% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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