Indonesia: Frozen Vegetable Market 2024

Frozen Vegetable Market Size in Indonesia

The Indonesian frozen vegetable market rose significantly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the near future.

Frozen Vegetable Production in Indonesia

In value terms, frozen vegetable production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Frozen vegetable production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Frozen Vegetable Exports

Exports from Indonesia

In 2022, overseas shipments of frozen vegetables decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen vegetable exports reached $X in 2022. Overall, total exports indicated a temperate 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for frozen vegetable exports from Indonesia, with a X% share of total exports. Moreover, frozen vegetable exports to Japan exceeded the volume sent to the second major destination, Malaysia (X tons), ninefold. Saudi Arabia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Saudi Arabia (X% per year).

In value terms, Japan ($X) remains the key foreign market for frozen vegetables exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average frozen vegetable export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated moderate growth 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. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Malaysia ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Vegetable Imports

Imports into Indonesia

Frozen vegetable imports into Indonesia stood at X tons in 2022, growing by X% compared with 2021. Over the period under review, imports enjoyed a strong expansion. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen vegetable imports soared to $X in 2022. In general, imports posted strong growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Belgium (X tons), the United States (X tons) and China (X tons) were the main suppliers of frozen vegetable imports to Indonesia, together comprising X% of total imports. The Netherlands, India, France, New Zealand and Canada lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest frozen vegetable suppliers to Indonesia were Belgium ($X), the United States ($X) and China ($X), with a combined X% share of total imports. The Netherlands, India, France, New Zealand and Canada lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, 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

In 2022, the average frozen vegetable import price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Canada ($X per ton), while the price for India ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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