Indonesia: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Indonesia

The Indonesian whole fresh milk market stood at $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Whole fresh milk consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Whole Fresh Milk Production in Indonesia

In value terms, whole fresh milk production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 26% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Whole Fresh Milk Exports

Exports from Indonesia

In 2022, shipments abroad of whole fresh milk increased by 7.9% to X tons, rising for the third consecutive year after two years of decline. In general, exports, however, faced a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 12% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, whole fresh milk exports expanded rapidly to $X in 2022. Overall, exports, however, showed a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 16%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for whole fresh milk exports from Indonesia, with a 70% share of total exports. Moreover, whole fresh milk exports to Singapore exceeded the volume sent to the second major destination, Papua New Guinea (X tons), sixfold. Brunei Darussalam (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore stood at -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+217.5% per year) and Brunei Darussalam (+4.2% per year).

In value terms, Singapore ($X) remains the key foreign market for whole fresh milk exports from Indonesia, comprising 67% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 15% share of total exports. It was followed by Brunei Darussalam, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+182.3% per year) and Brunei Darussalam (+3.1% per year).

Export Prices by Country

The average whole fresh milk export price stood at $X per ton in 2022, which is down by -2.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2021, and then declined modestly in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Papua New Guinea ($X per ton) and Singapore ($X per ton), while the average price for exports to Malaysia ($X per ton) and Brunei Darussalam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+0.8%), while the prices for the other major destinations experienced a decline.

Whole Fresh Milk Imports

Imports into Indonesia

For the seventh consecutive year, Indonesia recorded growth in supplies from abroad of whole fresh milk, which increased by 242% to X tons in 2022. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, whole fresh milk imports soared to $X in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of whole fresh milk to Indonesia, with a 72% share of total imports. Moreover, whole fresh milk imports from Thailand exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), sixfold. Singapore (X tons) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at +208.1%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+13.8% per year) and Singapore (+47.2% per year).

In value terms, Thailand ($X) constituted the largest supplier of whole fresh milk to Indonesia, comprising 65% of total imports. The second position in the ranking was held by Singapore ($X), with a 13% share of total imports. It was followed by New Zealand, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at +170.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+31.7% per year) and New Zealand (+4.7% per year).

Import Prices by Country

In 2022, the average whole fresh milk import price amounted to $X per ton, shrinking by -24.2% against the previous year. Over the period under review, the import price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 44%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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