Indonesia: Vinegar Market 2024

Vinegar Market Size in Indonesia

In 2022, the Indonesian vinegar market increased by X% to $X, rising for the second consecutive year after eight years of decline. Over the period under review, consumption, however, showed a abrupt shrinkage. Vinegar consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vinegar Production in Indonesia

In value terms, vinegar production fell to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X%. Vinegar production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vinegar Exports

Exports from Indonesia

In 2022, the amount of vinegar exported from Indonesia fell sharply to X tons, shrinking by X% compared with 2021. Overall, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, vinegar exports fell rapidly to $X in 2022. Over the period under review, exports continue to indicate a significant curtailment. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Timor-Leste (X tons) was the main destination for vinegar exports from Indonesia, accounting for a X% share of total exports. Moreover, vinegar exports to Timor-Leste exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Timor-Leste amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Singapore (X% per year).

In value terms, Timor-Leste ($X) emerged as the key foreign market for vinegar exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Timor-Leste amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average vinegar export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

Vinegar Imports

Imports into Indonesia

In 2022, supplies from abroad of vinegar increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vinegar imports surged to $X in 2022. In general, imports saw a prominent increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), Thailand (X tons) and Japan (X tons) were the main suppliers of vinegar imports to Indonesia, with a combined X% share of total imports. The United States, Malaysia, South Korea, Spain and Italy lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), China ($X) and Japan ($X) were the largest vinegar suppliers to Indonesia, with a combined X% share of total imports. Malaysia, Thailand, Spain, South Korea and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Malaysia, with a CAGR of X%, 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

In 2022, the average vinegar import price amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :