Indonesia: Sugar Crop Market 2024

Sugar Crop Market Size in Indonesia

The Indonesian sugar crop market contracted slightly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Sugar Crop Production in Indonesia

In value terms, sugar crop production reduced slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

The average yield of sugar crops in Indonesia declined modestly to X tons per ha in 2022, remaining constant against 2021 figures. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. Over the period under review, the average sugar crop yield reached the peak level at X tons per ha in 2021, and then contracted modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of sugar crops were harvested in Indonesia; with a decrease of X% on the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the harvested area increased by X% against the previous year. The sugar crop harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Sugar Crop Exports

Exports from Indonesia

In 2022, overseas shipments of sugar crops increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, sugar crop exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), South Korea (X tons) and Hungary (X kg) were the main destinations of sugar crop exports from Indonesia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sugar crop exported from Indonesia were South Korea ($X), Saudi Arabia ($X) and Hungary ($X), together comprising X% of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sugar crop export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Saudi Arabia ($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 Montenegro (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into Indonesia

Sugar crop imports into Indonesia declined remarkably to X tons in 2022, shrinking by X% against the year before. Over the period under review, imports saw a sharp reduction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar crop imports dropped sharply to $X in 2022. In general, imports saw a significant decrease. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of sugar crop to Indonesia, accounting for a X% share of total imports. Moreover, sugar crop imports from Spain exceeded the figures recorded by the second-largest supplier, Algeria (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to X%.

In value terms, Spain ($X) constituted the largest supplier of sugar crops to Indonesia, comprising X% of total imports. The second position in the ranking was held by Algeria ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to X%.

Import Prices by Country

The average sugar crop import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated pronounced growth 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, sugar crop import price increased by X% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Algeria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%).

Source: IndexBox Platform

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