Indonesia: Yoghurt Market 2024

Yoghurt Market Size in Indonesia

After four years of decline, the Indonesian yoghurt market increased by 177% to $X in 2022. Overall, consumption, however, saw a noticeable decline. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Yoghurt Production in Indonesia

In value terms, yoghurt production declined slightly to $X in 2022 estimated in export price. In general, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 25% against the previous year. Yoghurt production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Yoghurt Exports

Exports from Indonesia

In 2022, shipments abroad of yoghurt decreased by -51.8% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2018 when exports increased by 161% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell remarkably in the following year.

In value terms, yoghurt exports shrank significantly to $X in 2022. Overall, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 219%. The exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

The Philippines (X tons) was the main destination for yoghurt exports from Indonesia, accounting for a 46% share of total exports. Moreover, yoghurt exports to the Philippines exceeded the volume sent to the second major destination, Timor-Leste (X tons), twofold. The third position in this ranking was held by Vietnam (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the Philippines totaled +83.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (+36.4% per year) and Vietnam (-3.4% per year).

In value terms, the largest markets for yoghurt exported from Indonesia were the Philippines ($X), Timor-Leste ($X) and Maldives ($X), with a combined 74% share of total exports.

In terms of the main countries of destination, the Philippines, with a CAGR of +81.1%, 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

In 2022, the average yoghurt export price amounted to $X per ton, growing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 22%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Thailand ($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 Maldives (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Yoghurt Imports

Imports into Indonesia

In 2022, after four years of decline, there was growth in supplies from abroad of yoghurt, when their volume increased by 2.5% to X tons. In general, imports posted buoyant growth. The growth pace was the most rapid in 2015 with an increase of 570% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, yoghurt imports declined modestly to $X in 2022. Over the period under review, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 310%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest yoghurt supplier to Indonesia, with a 78% share of total imports. Moreover, yoghurt imports from France exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from France stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-11.6% per year) and Australia (+17.9% per year).

In value terms, France ($X) constituted the largest supplier of yoghurt to Indonesia, comprising 68% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-8.4% per year) and Australia (+23.6% per year).

Import Prices by Country

In 2022, the average yoghurt import price amounted to $X per ton, declining by -4.8% against the previous year. Over the period under review, the import price, however, showed slight growth. The pace of growth appeared the most rapid in 2014 an increase of 69% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average 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 Australia ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+52.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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