Indonesia: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Indonesia

The Indonesian waffle and wafer market fell slightly to $X in 2021, which is down by -3.6% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Waffle And Wafer Production in Indonesia

In value terms, waffle and wafer production rose to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.0% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 27% against the previous year. Waffle and wafer production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Waffle And Wafer Exports

Exports from Indonesia

In 2021, waffle and wafer exports from Indonesia soared to X tons, jumping by 15% against the year before. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 45%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, waffle and wafer exports totaled $X in 2021. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 37% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

China (X tons) was the main destination for waffle and wafer exports from Indonesia, accounting for a 44% share of total exports. Moreover, waffle and wafer exports to China exceeded the volume sent to the second major destination, Myanmar (X tons), fourfold. Vietnam (X tons) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +69.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+148.7% per year) and Vietnam (+20.1% per year).

In value terms, China ($X) remains the key foreign market for waffles and wafers exports from Indonesia, comprising 44% of total exports. The second position in the ranking was held by the Philippines ($X), with an 8.9% share of total exports. It was followed by Myanmar, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +61.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+30.0% per year) and Myanmar (+125.1% per year).

Export Prices by Country

The average waffle and wafer export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price saw a perceptible reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 3.6% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Myanmar ($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) (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Waffle And Wafer Imports

Imports into Indonesia

In 2021, waffle and wafer imports into Indonesia surged to X tons, growing by 22% on 2020 figures. In general, imports saw a perceptible increase. The pace of growth was the most pronounced in 2016 with an increase of 42%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, waffle and wafer imports skyrocketed to $X in 2021. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 62%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest waffle and wafer supplier to Indonesia, accounting for a 68% share of total imports. Moreover, waffle and wafer imports from Malaysia exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+81.9% per year) and Italy (-0.7% per year).

In value terms, Malaysia ($X) constituted the largest supplier of waffles and wafers to Indonesia, comprising 66% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+64.4% per year) and Italy (-0.8% per year).

Import Prices by Country

The average waffle and wafer import price stood at $X per ton in 2021, approximately equating the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2020 an increase of 41%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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