Indonesia: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Indonesia

The Indonesian wheat and meslin flour market amounted to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Production of Wheat and Meslin Flour in Indonesia

In value terms, wheat and meslin flour production shrank slightly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 18% against the previous year. Wheat and meslin flour production peaked at $X in 2019; afterwards, it flattened through to 2022.

Exports of Wheat and Meslin Flour

Exports from Indonesia

In 2022, approx. X tons of wheat and meslin flour were exported from Indonesia; picking up by 12% against 2021 figures. Over the period under review, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +18.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 48% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat and meslin flour exports surged to $X in 2022. In general, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.9% against 2018 indices. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons), Timor-Leste (X tons) and Malaysia (X tons) were the main destinations of wheat and meslin flour exports from Indonesia, together accounting for 84% of total exports. China, Singapore, Solomon Islands, the Philippines, Hong Kong SAR and South Korea lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +45.1%), while the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), Timor-Leste ($X) and Malaysia ($X) were the largest markets for wheat and meslin flour exported from Indonesia worldwide, with a combined 84% share of total exports. Singapore, Hong Kong SAR, the Philippines, Solomon Islands, China and South Korea lagged somewhat behind, together accounting for a further 12%.

Among the main countries of destination, Solomon Islands, with a CAGR of +57.5%, recorded the highest growth rate of 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 wheat and meslin flour export price stood at $X per ton in 2022, surging by 27% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China ($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 Solomon Islands (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wheat and Meslin Flour

Imports into Indonesia

In 2022, supplies from abroad of wheat and meslin flour was finally on the rise to reach X tons after two years of decline. In general, imports, however, faced a deep contraction. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wheat and meslin flour imports soared to $X in 2022. Over the period under review, imports, however, recorded a abrupt shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), India (X tons) and Ukraine (X tons) were the main suppliers of wheat and meslin flour imports to Indonesia, with a combined 81% share of total imports. Vietnam, South Korea, Singapore and Japan lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +14.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat and meslin flour suppliers to Indonesia were India ($X), Turkey ($X) and Ukraine ($X), with a combined 75% share of total imports.

Among the main suppliers, India, with a CAGR of +13.6%, recorded the highest rates of growth with regard to 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 wheat and meslin flour import price amounted to $X per ton, picking up by 3.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 8.1% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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