Indonesia: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Indonesia

The Indonesian prepared frozen vegetable market stood at $X in 2020, approximately reflecting the previous year. Over the period under review, the total consumption indicated pronounced growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Prepared frozen vegetable consumption peaked in 2020 and is expected to retain growth in years to come.

Prepared Frozen Vegetable Production in Indonesia

In value terms, prepared frozen vegetable production amounted to $X in 2020 estimated in export prices. Overall, the total production indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by +X% against 2017 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2020 and is likely to see gradual growth in the near future.

Prepared Frozen Vegetable Exports

Exports from Indonesia

In 2020, overseas shipments of frozen vegetables and mixtures of vegetables (prepared or preserved) increased by X% to X tons, rising for the fifth consecutive year after eight years of decline. Overall, exports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, prepared frozen vegetable exports expanded markedly to $X in 2020. In general, exports saw moderate growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in the near future.

Exports by Country

Japan (X tons) was the main destination for prepared frozen vegetable exports from Indonesia, accounting for a X% share of total exports. Moreover, prepared frozen vegetable exports to Japan exceeded the volume sent to the second major destination, Australia (X tons), sevenfold. The third position in this ranking was occupied by South Korea (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Japan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and South Korea (-X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and South Korea (-X% per year).

Export Prices by Country

The average prepared frozen vegetable export price stood at $X per ton in 2020, growing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Australia ($X per ton), while the average price for exports to Timor-Leste ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced mixed trend patterns.

Prepared Frozen Vegetable Imports

Imports into Indonesia

In 2020, supplies from abroad of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, prepared frozen vegetable imports fell notably to $X in 2020. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the United States (X tons) was the main prepared frozen vegetable supplier to Indonesia, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from the United States totaled +X%.

In value terms, the United States ($X) constituted the largest supplier of prepared frozen vegetable to Indonesia.

From 2007 to 2020, the average annual rate of growth in terms of value from the United States amounted to +X%.

Import Prices by Country

The average prepared frozen vegetable import price stood at $X per ton in 2020, rising by X% against the previous year. Over the period under review, import price indicated strong growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, prepared frozen vegetable import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2020 and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the rate of growth in terms of prices for the United States amounted to +X% per year.

Source: IndexBox Platform

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