Indonesia: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Indonesia

For the seventh year in a row, the Indonesian market for powdered, evaporated and condensed milk recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value 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, consumption increased by X% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Powdered, Evaporated And Condensed Milk in Indonesia

In value terms, powdered, evaporated and condensed milk production declined to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Indonesia

In 2022, the amount of powdered, evaporated and condensed milk exported from Indonesia soared to X tons, increasing by X% against 2021. Overall, exports, however, showed a perceptible downturn. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk exports reached $X in 2022. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X tons) was the main destination for powdered, evaporated and condensed milk exports from Indonesia, with a X% share of total exports. Moreover, powdered, evaporated and condensed milk exports to the Philippines exceeded the volume sent to the second major destination, Timor-Leste (X tons), threefold. Vietnam (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (X% per year) and Vietnam (X% per year).

In value terms, the Philippines ($X), Timor-Leste ($X) and Vietnam ($X) appeared to be the largest markets for powdered, evaporated and condensed milk exported from Indonesia worldwide, together comprising X% of total exports. Singapore, the United States, Nigeria and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to 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 export price for powdered, evaporated and condensed milk stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Vietnam ($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 Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Indonesia

In 2022, approx. X tons of powdered, evaporated and condensed milk were imported into Indonesia; picking up by X% on 2021 figures. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, powdered, evaporated and condensed milk imports surged to $X in 2022. In general, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

New Zealand (X tons), the United States (X tons) and Australia (X tons) were the main suppliers of powdered, evaporated and condensed milk imports to Indonesia, together accounting for X% of total imports. Belgium, Malaysia, Germany and France lagged somewhat behind, together comprising a further X%.

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

In value terms, New Zealand ($X) constituted the largest supplier of powdered, evaporated and condensed milk to Indonesia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Australia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Australia (X% per year).

Import Prices by Country

In 2022, the average import price for powdered, evaporated and condensed milk amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price 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, powdered, evaporated and condensed milk import price increased by X% against 2016 indices. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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