
Indonesia - Dates - Market Analysis, Forecast, Size, Trends and Insights
Indonesia: Date Market 2022
Date Market Size in Indonesia
In 2021, after five years of growth, there was significant decline in the Indonesian date market, when its value decreased by -13.5% to $X. Overall, consumption, however, showed a prominent increase. Date consumption peaked at $X in 2020, and then shrank in the following year.
Date Exports
Exports from Indonesia
In 2021, overseas shipments of dates increased by 43% to X tons, rising for the fourth consecutive year after four years of decline. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2018 with an increase of 137% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, date exports soared to $X in 2021. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 106% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.
Exports by Country
Malaysia (X tons), Bangladesh (X tons) and Taiwan (Chinese) (X tons) were the main destinations of date exports from Indonesia, together comprising 93% of total exports.
From 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +143.2%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Bangladesh ($X) emerged as the key foreign market for date exports from Indonesia, comprising 67% of total exports. The second position in the ranking was held by Malaysia ($X), with a 16% share of total exports. It was followed by Taiwan (Chinese), with a 12% share.
From 2012 to 2021, the average annual growth rate of value to Bangladesh was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+156.0% per year) and Taiwan (Chinese) (+125.2% per year).
Export Prices by Country
The average date export price stood at $X per ton in 2021, rising by 5.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2017 when the average export price increased by 15% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.
Date Imports
Imports into Indonesia
Date imports into Indonesia dropped slightly to X tons in 2021, falling by -4.4% against 2020. In general, imports, however, saw resilient growth. The growth pace was the most rapid in 2017 when imports increased by 71%. Imports peaked at X tons in 2020, and then fell modestly in the following year.
In value terms, date imports reduced markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 56% against the previous year. Imports peaked at $X in 2020, and then declined remarkably in the following year.
Imports by Country
Egypt (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main suppliers of date imports to Indonesia, together comprising 81% of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +73.2%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest date suppliers to Indonesia were Egypt ($X), Saudi Arabia ($X) and Tunisia ($X), together comprising 69% of total imports.
Saudi Arabia, with a CAGR of +68.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average date import price stood at $X per ton in 2021, declining by -11.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2019 an increase of 29% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was Tunisia ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the date market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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