Indonesia: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Indonesia

In 2021, the Indonesian market for sweet biscuits, waffles and wafers increased by 8.3% to $X for the first time since 2017, thus ending a three-year declining trend. In general, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.0% against 2017 indices. Sweet biscuit, waffle and wafer consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Sweet Biscuits, Waffles and Wafers in Indonesia

In value terms, sweet biscuit, waffle and wafer production rose remarkably to $X in 2021 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.0% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 27%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Indonesia

Sweet biscuit, waffle and wafer exports from Indonesia rose significantly to X tons in 2021, increasing by 11% compared with 2020. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 30% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, sweet biscuit, waffle and wafer exports totaled $X in 2021. Overall, exports saw a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 26% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

China (X tons) was the main destination for sweet biscuit, waffle and wafer exports from Indonesia, accounting for a 30% share of total exports. Moreover, sweet biscuit, waffle and wafer exports to China exceeded the volume sent to the second major destination, Thailand (X tons), threefold. Vietnam (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+7.6% per year) and Vietnam (+15.2% per year).

In value terms, China ($X) remains the key foreign market for sweet biscuits, waffles and wafers exports from Indonesia, comprising 34% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total exports. It was followed by Thailand, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+12.2% per year) and Thailand (+3.9% per year).

Export Prices by Country

In 2021, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, remaining stable against the previous year. In general, the export price, however, saw a noticeable reduction. The growth pace was the most rapid in 2014 when the average export price increased by 9.1%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($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 Taiwan (Chinese) (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Indonesia

In 2021, sweet biscuit, waffle and wafer imports into Indonesia soared to X tons, jumping by 30% compared with 2020. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 39%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, sweet biscuit, waffle and wafer imports surged to $X in 2021. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by 47%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Thailand (X tons) and Italy (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Indonesia, with a combined 78% share of total imports. Germany, China and Belgium lagged somewhat behind, together accounting for a further 8.9%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +38.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and China ($X) constituted the largest sweet biscuit, waffle and wafer suppliers to Indonesia, together comprising 73% of total imports.

In terms of the main suppliers, China, with a CAGR of +35.3%, recorded the highest growth rate of 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

The average import price for sweet biscuits, waffles and wafers stood at $X per ton in 2021, increasing by 3.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and China ($X per ton), while the price for Malaysia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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