Indonesia: Market for Candies, Sweets, and Nonchocolate Confectionery 2024

Market Size for Candies, Sweets, and Nonchocolate Confectionery in Indonesia

The Indonesian market for candies, sweets, and nonchocolate confectionery dropped slightly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Candy, sweets, and nonchocolate confectionery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Candies, Sweets, and Nonchocolate Confectionery in Indonesia

In value terms, candy, sweets, and nonchocolate confectionery production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 16%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Candies, Sweets, and Nonchocolate Confectionery

Exports from Indonesia

Candy, sweets, and nonchocolate confectionery exports from Indonesia declined notably to X tons in 2022, with a decrease of -49.3% compared with the previous year. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by 8.6%. 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, candy, sweets, and nonchocolate confectionery exports shrank markedly to $X in 2022. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 11%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X tons), Thailand (X tons) and Vietnam (X tons) were the main destinations of candy, sweets, and nonchocolate confectionery exports from Indonesia, together comprising 41% of total exports. The United States, Malaysia, the United Arab Emirates, Taiwan (Chinese), South Korea, Timor-Leste, Saudi Arabia, Cambodia, Australia and Singapore lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +21.0%), while the other leaders experienced a decline.

In value terms, the United States ($X), Thailand ($X) and the Philippines ($X) constituted the largest markets for candy, sweets, and nonchocolate confectionery exported from Indonesia worldwide, with a combined 41% share of total exports. Vietnam, Malaysia, the United Arab Emirates, South Korea, Taiwan (Chinese), Singapore, Australia, Saudi Arabia, Timor-Leste and Cambodia lagged somewhat behind, together comprising a further 34%.

Cambodia, with a CAGR of +18.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, jumping by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Philippines ($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 Timor-Leste (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Candies, Sweets, and Nonchocolate Confectionery

Imports into Indonesia

In 2022, imports of candies, sweets, and nonchocolate confectionery into Indonesia expanded notably to X tons, surging by 8% against 2021 figures. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 43% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, candy, sweets, and nonchocolate confectionery imports amounted to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +116.1% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of candy, sweets, and nonchocolate confectionery to Indonesia, with a 80% share of total imports. Moreover, candy, sweets, and nonchocolate confectionery imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was held by Vietnam (X tons), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+15.2% per year) and Vietnam (+14.9% per year).

In value terms, China ($X) constituted the largest supplier of candies, sweets, and nonchocolate confectionery to Indonesia, comprising 72% of total imports. The second position in the ranking was held by Malaysia ($X), with an 8.5% share of total imports. It was followed by Vietnam, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+13.6% per year) and Vietnam (+14.5% per year).

Import Prices by Country

In 2022, the average import price for candies, sweets, and nonchocolate confectionery amounted to $X per ton, growing by 3.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :