Price for Vegetable Products Not Elsewhere Specified or Included in Indonesia - 2022
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Indonesia (FOB) - 2022
- Price for Vegetable Products Not Elsewhere Specified or Included in Indonesia (CIF) - 2022
- Exports of Vegetable Products Not Elsewhere Specified or Included in Indonesia
- Imports of Vegetable Products Not Elsewhere Specified or Included in Indonesia
Price for Vegetable Products Not Elsewhere Specified or Included in Indonesia (FOB) - 2022
The average export price for vegetable products not elsewhere specified or includeds stood at $1,288 per ton in 2022, shrinking by -14.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 21% against the previous year. As a result, the export price attained the peak level of $1,512 per ton, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($1,430 per ton), while the average price for exports to Singapore ($831 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 South Korea (+1.4%), while the prices for the other major destinations experienced a decline.
Price for Vegetable Products Not Elsewhere Specified or Included in Indonesia (CIF) - 2022
In 2022, the average import price for vegetable products not elsewhere specified or includeds amounted to $927 per ton, with a decrease of -23% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetable products not elsewhere specified or includeds increased by +7.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 62%. The import price peaked at $1,295 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,313 per ton), while the price for Vietnam ($320 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetable Products Not Elsewhere Specified or Included in Indonesia
For the fourth consecutive year, Indonesia recorded growth in overseas shipments of vegetable products not elsewhere specified or includeds, which increased by 15% to 346K tons in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 75% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, exports of vegetable products not elsewhere specified or includeds surged to $494M in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 56%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Vegetable Products Not Elsewhere Specified or Included in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 120 | 233 | 345 | 395 | 48.8% |
| South Korea | 27.2 | 28.2 | 13.8 | 31.5 | 5.0% |
| Singapore | 5.3 | 7.0 | 6.8 | 6.4 | 6.5% |
| Others | 49.6 | 45.9 | 50.0 | 61.2 | 7.3% |
| Total | 202 | 314 | 415 | 494 | 34.7% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Indonesia in 2022:
- Japan (311.1K tons)
- South Korea (22.0K tons)
- Singapore (7.7K tons)
Imports of Vegetable Products Not Elsewhere Specified or Included in Indonesia
Imports of vegetable products not elsewhere specified or includeds into Indonesia skyrocketed to 4.2K tons in 2022, picking up by 531% compared with the year before. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetable products not elsewhere specified or includeds soared to $3.9M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Products Not Elsewhere Specified or Included in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 126 | 154 | 170 | 2,587 | 173.8% |
| Brazil | 111 | N/A | 175 | 440 | 58.3% |
| Vietnam | N/A | N/A | N/A | 352 | 0% |
| Papua New Guinea | 60.3 | 109 | 156 | 262 | 63.2% |
| India | 110 | 80.6 | 45.1 | 252 | 31.8% |
| United States | 221 | 50.7 | N/A | 0.3 | -88.9% |
| Others | 30.7 | 32.8 | 85.7 | 11.3 | -28.3% |
| Total | 659 | 426 | 632 | 3,905 | 81.0% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Indonesia in 2022:
- China (1969.9 tons)
- Vietnam (1099.1 tons)
- Brazil (528.5 tons)
- Papua New Guinea (364.3 tons)
- India (247.9 tons)
- United States (0.3 tons)
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