Indonesia: Ice Cream Market 2024

Ice Cream Market Size in Indonesia

The Indonesian ice cream market fell to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Ice Cream Production in Indonesia

In value terms, ice cream production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Ice Cream Exports

Exports from Indonesia

In 2022, approx. X tons of ice cream were exported from Indonesia; rising by X% compared with the year before. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ice cream exports soared to $X in 2022. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 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 ice cream exports from Indonesia, accounting for a X% share of total exports. Moreover, ice cream exports to the Philippines exceeded the volume sent to the second major destination, Thailand (X tons), fivefold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Philippines amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

In value terms, the Philippines ($X) remains the key foreign market for ice cream exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The average ice cream export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price recorded a perceptible downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Australia ($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 Timor-Leste (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ice Cream Imports

Imports into Indonesia

In 2022, imports of ice cream into Indonesia declined dramatically to X tons, dropping by X% on 2021. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, ice cream imports fell markedly to $X in 2022. In general, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest ice cream supplier to Indonesia, accounting for a X% share of total imports. Moreover, ice cream imports from Thailand exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. France (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and France (X% per year).

In value terms, the largest ice cream suppliers to Indonesia were Thailand ($X), France ($X) and Turkey ($X), with a combined X% share of total imports.

Among the main suppliers, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ice cream import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a noticeable slump. The import price peaked at $X per ton in 2012; however, from 2013 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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