Indonesia: Market for Vegetables (Preserved, Frozen) 2024

Market Size for Vegetables (Preserved, Frozen) in Indonesia

The Indonesian preserved and frozen vegetable market skyrocketed to $X in 2022, increasing by 63% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Vegetables (Preserved, Frozen)

Exports from Indonesia

Preserved and frozen vegetable exports from Indonesia rose slightly to X tons in 2022, surging by 2.8% compared with 2021. Over the period under review, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 243% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved and frozen vegetable exports surged to $X in 2022. In general, exports showed a resilient increase. The growth pace was the most rapid in 2018 with an increase of 149%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for preserved and frozen vegetable exports from Indonesia, accounting for a 66% share of total exports. Moreover, preserved and frozen vegetable exports to Japan exceeded the volume sent to the second major destination, Australia (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled +32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+120.1% per year) and South Korea (-4.5% per year).

In value terms, Japan ($X) remains the key foreign market for vegetables (preserved, frozen) exports from Indonesia, comprising 55% of total exports. The second position in the ranking was held by Australia ($X), with a 27% share of total exports. It was followed by Singapore, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+121.9% per year) and Singapore (+27.4% per year).

Export Prices by Country

In 2022, the average preserved and frozen vegetable export price amounted to $X per ton, growing by 24% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the 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 Australia ($X per ton), while the average price for exports to Malaysia ($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 the Netherlands (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetables (Preserved, Frozen)

Imports into Indonesia

In 2022, the amount of vegetables (preserved, frozen) imported into Indonesia soared to X tons, jumping by 56% compared with 2021 figures. Over the period under review, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved and frozen vegetable imports soared to $X in 2022. In general, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of preserved and frozen vegetable to Indonesia, with a 49% share of total imports. Moreover, preserved and frozen vegetable imports from Belgium exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +84.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.5% per year) and the Netherlands (+12.5% per year).

In value terms, the largest preserved and frozen vegetable suppliers to Indonesia were Belgium ($X), the United States ($X) and the Netherlands ($X), together accounting for 87% of total imports. New Zealand, Canada, India and France lagged somewhat behind, together comprising a further 11%.

India, with a CAGR of +290.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average preserved and frozen vegetable import price amounted to $X per ton, picking up by 3.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 10% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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