Indonesia: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Indonesia

The Indonesian food manufacture machinery market contracted sharply to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Food Manufacture Machinery Exports

Exports from Indonesia

In 2022, after three years of decline, there was significant growth in overseas shipments of machinery for the preparation or manufacture of food or drink, when their volume increased by X% to X units. In general, exports, however, saw a sharp descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, food manufacture machinery exports declined remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X units), Thailand (X units) and Timor-Leste (X units) were the main destinations of food manufacture machinery exports from Indonesia, with a combined X% share of total exports. Qatar, the Philippines, India, Taiwan (Chinese), Canada, France, China, the UK and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Italy ($X) and Taiwan (Chinese) ($X) were the largest markets for food manufacture machinery exported from Indonesia worldwide, together accounting for X% of total exports. Timor-Leste, China, India, Singapore, Qatar, the UK, Canada, the Philippines and France lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the UK, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average food manufacture machinery export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Timor-Leste ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Food Manufacture Machinery Imports

Imports into Indonesia

In 2022, approx. X units of machinery for the preparation or manufacture of food or drink were imported into Indonesia; which is down by X% on the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, food manufacture machinery imports dropped remarkably to $X in 2022. In general, imports saw a mild descent. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of food manufacture machinery to Indonesia, accounting for a X% share of total imports. Moreover, food manufacture machinery imports from China exceeded the figures recorded by the second-largest supplier, India (X units), eightfold. South Korea (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of machinery for the preparation or manufacture of food or drink to Indonesia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average food manufacture machinery import price amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was 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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