Indonesia: Banana Market 2024

Banana Market Size in Indonesia

After three years of growth, the Indonesian banana market decreased by X% to $X in 2022. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then declined modestly in the following year.

Banana Production in Indonesia

In value terms, banana production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of bananas in Indonesia fell to X tons per ha in 2022, dropping by X% compared with 2021. Over the period under review, the yield recorded a mild downturn. The pace of growth appeared the most rapid in 2021 when the yield increased by X% against the previous year. Over the period under review, the average banana yield hit record highs at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of bananas in Indonesia stood at X ha, increasing by X% compared with 2021. Overall, the total harvested area indicated notable growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, banana harvested area decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to banana production attained the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Banana Exports

Exports from Indonesia

In 2022, overseas shipments of bananas were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, banana exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Singapore (X tons) and Japan (X tons) were the main destinations of banana exports from Indonesia, with a combined X% share of total exports.

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

In value terms, Singapore ($X), China ($X) and Japan ($X) constituted the largest markets for banana exported from Indonesia worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Japan, with a CAGR of X%, saw 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

The average banana export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price showed a perceptible slump. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 Singapore ($X per ton), while the average price for exports to Malaysia ($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 Kuwait (X%), while the prices for the other major destinations experienced mixed trend patterns.

Banana Imports

Imports into Indonesia

After two years of decline, overseas purchases of bananas increased by X% to X kg in 2022. In general, imports, however, saw a precipitous shrinkage. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, banana imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a dramatic decrease. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X kg) was the main banana supplier to Indonesia, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of bananas to Indonesia.

From 2012 to 2022, the average annual growth rate of value from China stood at X%.

Import Prices by Country

The average banana import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price showed a significant increase. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to X% per year.

Source: IndexBox Platform

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