Indonesia: Chestnut Market 2022

Chestnut Market Size in Indonesia

In 2021, the Indonesian chestnut market decreased by -X% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption faced a dramatic decrease. Chestnut consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Chestnut Exports

Exports from Indonesia

In 2021, approx. less than X kg of chestnuts were exported from Indonesia; almost unchanged from 2020. In general, exports showed a relatively flat trend pattern. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, chestnut exports amounted to less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for chestnut exports from Indonesia, accounting for a approx. X% share of total exports.

From 2012 to 2013, the average annual growth rate of volume to Malaysia was relatively modest.

From 2012 to 2013, the average annual growth rate of value to Malaysia was relatively modest.

Export Prices by Country

In 2013, the average chestnut export price amounted to $X per ton, remaining constant against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2013, the rate of growth in terms of prices for Malaysia amounted to X% per year.

Chestnut Imports

Imports into Indonesia

In 2021, purchases abroad of chestnuts decreased by -X% to X tons, falling for the fourth year in a row after two years of growth. In general, imports saw a sharp curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, chestnut imports plummeted to $X in 2021. Over the period under review, imports faced a abrupt setback. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main chestnut supplier to Indonesia, with a X% share of total imports. Moreover, chestnut imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled -X%.

In value terms, China ($X) constituted the largest supplier of chestnut to Indonesia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -X%.

Import Prices by Country

The average chestnut import price stood at $X per ton in 2021, waning by -X% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chestnut import price increased by +X% against 2019 indices. The growth pace was the most rapid in 2013 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+X%).

Source: IndexBox Market Intelligence Platform

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