Indonesia: Wine Market 2024

Wine Market Size in Indonesia

The Indonesian wine market reduced slightly to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Wine Production in Indonesia

In value terms, wine production shrank to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Wine Exports

Exports from Indonesia

After three years of decline, overseas shipments of wine and grape must increased by X% to X litres in 2022. In general, exports, however, continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a sharp downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Timor-Leste (X litres) was the main destination for wine exports from Indonesia, with a X% share of total exports. Moreover, wine exports to Timor-Leste exceeded the volume sent to the second major destination, Japan (X litres), threefold. The third position in this ranking was held by Australia (X litres), 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: Japan (X% per year) and Australia (X% per year).

In value terms, the largest markets for wine exported from Indonesia were Australia ($X), Singapore ($X) and Japan ($X), together accounting for X% of total exports. Timor-Leste, South Korea, Hong Kong SAR, China, the Netherlands, Thailand and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Timor-Leste, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average wine export price amounted to $X per litre, picking up by X% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per litre 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per litre), while the average price for exports to Timor-Leste ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wine Imports

Imports into Indonesia

In 2022, purchases abroad of wine and grape must increased by X% to X litres, rising for the second consecutive year after two years of decline. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X litres in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, wine imports soared to $X in 2022. Over the period under review, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Australia (X litres), Italy (X litres) and France (X litres) were the main suppliers of wine imports to Indonesia, with a combined X% share of total imports. Chile, the United States, South Africa, Portugal, Argentina, New Zealand and Singapore lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest wine suppliers to Indonesia were Australia ($X), Italy ($X) and France ($X), with a combined X% share of total imports. Chile, the United States, Argentina, Portugal, South Africa, New Zealand and Singapore lagged somewhat behind, together comprising a further X%.

Argentina, with a CAGR of X%, 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 wine import price amounted to $X per litre, shrinking by X% against the previous year. Overall, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per litre in 2014; however, from 2015 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 Singapore ($X per litre), while the price for South Africa ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :