Indonesia: Yams Market 2024

Yams Market Size in Indonesia

In 2022, after two years of growth, there was significant decline in the Indonesian yams market, when its value decreased by -34.1% to $X. Overall, consumption, however, posted buoyant growth. Yams consumption peaked at $X in 2021, and then declined dramatically in the following year.

Yams Production in Indonesia

In value terms, yams production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 22%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

In 2022, the average yams yield in Indonesia was estimated at less than X kg per ha, approximately mirroring the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of yams were harvested in Indonesia; therefore, remained relatively stable against 2021 figures. In general, the harvested area recorded a relatively flat trend pattern.

Yams Exports

Exports from Indonesia

Yams exports from Indonesia skyrocketed to X tons in 2022, jumping by 30% compared with the previous year. Overall, exports, however, showed a deep setback. The growth pace was the most rapid in 2015 with an increase of 71% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, yams exports rose sharply to $X in 2022. Over the period under review, exports, however, faced a dramatic setback. The most prominent rate of growth was recorded in 2015 when exports increased by 65%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for yams exports from Indonesia, with a 71% share of total exports. Moreover, yams exports to Malaysia exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to -16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-16.0% per year) and Singapore (-12.8% per year).

In value terms, Brunei Darussalam ($X) remains the key foreign market for yams exports from Indonesia, comprising 75% of total exports. The second position in the ranking was held by Malaysia ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brunei Darussalam stood at -19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-23.1% per year) and Singapore (-11.3% per year).

Export Prices by Country

The average yams export price stood at $X per ton in 2022, with a decrease of -15.1% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 53% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Malaysia ($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 Singapore (+1.7%), while the prices for the other major destinations experienced a decline.

Yams Imports

Imports into Indonesia

Yams imports into Indonesia reduced remarkably to X tons in 2022, waning by -65.2% against the year before. Over the period under review, imports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2016 when imports increased by 792%. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined sharply in the following year.

In value terms, yams imports contracted significantly to $X in 2022. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 972%. Imports peaked at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of yams to Indonesia, accounting for a 89% share of total imports. Moreover, yams imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), ninefold.

From 2013 to 2022, the average annual growth rate of volume from China stood at +17.3%.

In value terms, China ($X) constituted the largest supplier of yams to Indonesia, comprising 84% of total imports. The second position in the ranking was held by Singapore ($X), with a 14% share of total imports.

From 2013 to 2022, the average annual growth rate of value from China amounted to +26.6%.

Import Prices by Country

The average yams import price stood at $X per ton in 2022, falling by -9.5% against the previous year. Over the period under review, import price indicated a remarkable increase from 2013 to 2022: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, yams import price decreased by -16.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 67%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.5%).

Source: IndexBox Platform

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