Price for Food Preparations Not Elsewhere Specified or Included in Indonesia - 2022
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Indonesia (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Indonesia (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Indonesia
- Exports of Food Preparations Not Elsewhere Specified or Included in Indonesia
Price for Food Preparations Not Elsewhere Specified or Included in Indonesia (CIF) - 2022
In March 2022, the average import price for food preparations not elsewhere specified or included amounted to $4,513 per ton, picking up by 3.4% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2021 when the average import price increased by 13% month-to-month. Over the period under review, average import prices attained the maximum at $5,712 per ton in July 2021; however, from August 2021 to March 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was the United States ($17,656 per ton), while the price for Vietnam ($1,033 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Indonesia (FOB) - 2022
In March 2022, the average export price for food preparations not elsewhere specified or included amounted to $1,987 per ton, increasing by 3.6% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 an increase of 11% month-to-month. As a result, the export price attained the peak level of $2,039 per ton; afterwards, it flattened through to March 2022.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($3,764 per ton), while the average price for exports to India ($1,322 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Indonesia
Imports of food preparations not elsewhere specified or included into Indonesia skyrocketed to 201K tons in 2022, jumping by 42% compared with 2021. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of food preparations not elsewhere specified or included surged to $845M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Food Preparations Not Elsewhere Specified or Included in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 84.3 | 78.4 | 99.0 | 156 | 22.8% |
| Malaysia | 69.1 | 64.8 | 82.2 | 125 | 21.8% |
| United States | 98.9 | 104 | 130 | 120 | 6.7% |
| Singapore | 61.3 | 69.9 | 89.7 | 113 | 22.6% |
| Thailand | 32.7 | 34.0 | 39.6 | 87.7 | 38.9% |
| South Korea | 46.6 | 42.4 | 59.5 | 68.1 | 13.5% |
| Netherlands | 29.6 | 24.8 | 24.1 | 29.7 | 0.1% |
| Taiwan (Chinese) | 18.0 | 12.1 | 10.2 | 15.9 | -4.1% |
| Others | 85.1 | 103 | 153 | 129 | 14.9% |
| Total | 526 | 533 | 687 | 845 | 17.1% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Indonesia in 2022:
- China (56.3K tons)
- Malaysia (41.4K tons)
- Thailand (34.4K tons)
- South Korea (20.7K tons)
- Singapore (10.9K tons)
- United States (6.7K tons)
- Netherlands (5.2K tons)
- Taiwan (Chinese) (2.9K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Indonesia
In 2022, exports of food preparations not elsewhere specified or included from Indonesia rose remarkably to 331K tons, with an increase of 5.2% against 2021. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of food preparations not elsewhere specified or included expanded notably to $684M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.2% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 25%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Food Preparations Not Elsewhere Specified or Included in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 112 | 154 | 189 | 190 | 19.3% |
| Philippines | 76.5 | 66.0 | 72.3 | 110 | 12.9% |
| Malaysia | 39.7 | 48.2 | 66.2 | 75.6 | 23.9% |
| China | 9.4 | 20.1 | 32.3 | 36.0 | 56.5% |
| Vietnam | 14.8 | 17.9 | 19.1 | 32.8 | 30.4% |
| Thailand | 12.7 | 47.3 | 44.9 | 29.8 | 32.9% |
| Netherlands | 9.7 | 12.0 | 17.8 | 28.5 | 43.2% |
| United States | 3.3 | 8.3 | 16.3 | 24.5 | 95.1% |
| Taiwan (Chinese) | 13.0 | 12.9 | 17.2 | 20.8 | 17.0% |
| Germany | 14.6 | 15.2 | 15.7 | 18.5 | 8.2% |
| Russia | 1.3 | 8.4 | 10.9 | 10.0 | 97.4% |
| Others | 83.4 | 79.4 | 100 | 107 | 8.7% |
| Total | 390 | 490 | 602 | 684 | 20.6% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Indonesia in 2022:
- Singapore (114.4K tons)
- Philippines (52.0K tons)
- Malaysia (37.8K tons)
- China (19.8K tons)
- Germany (13.6K tons)
- Netherlands (12.2K tons)
- Thailand (12.1K tons)
- Vietnam (9.9K tons)
- Taiwan (Chinese) (7.4K tons)
- Russia (6.4K tons)
- United States (5.3K tons)
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