Indonesia: Peanut Butter Market Overview 2021

Peanut Butter Market Size in Indonesia

After four years of growth, the Indonesian peanut butter market decreased by -X% to $X in 2019. Over the period under review, consumption, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2018, and then contracted in the following year.

Peanut Butter Production in Indonesia

In value terms, peanut butter production shrank modestly to $X in 2019 estimated in export prices. Overall, production saw prominent growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Peanut butter production peaked at $X in 2018, and then contracted modestly in the following year.

Peanut Butter Exports

Exports from Indonesia

In 2019, overseas shipments of peanut butter and prepared or preserved groundnuts decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, exports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

In value terms, peanut butter exports contracted remarkably to $X in 2019. Overall, total exports indicated a noticeable expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

Malaysia (X tonnes), Jordan (X tonnes) and Hong Kong SAR (X tonnes) were the main destinations of peanut butter exports from Indonesia, together comprising X% of total exports. These countries were followed by South Korea, Singapore, the U.S., Israel, the Philippines, Nigeria, Timor-Leste and Australia, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Timor-Leste, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for peanut butter exported from Indonesia were Jordan ($X), Malaysia ($X) and Hong Kong SAR ($X), with a combined X% share of total exports. Singapore, South Korea, the U.S., Israel, Australia, the Philippines, Timor-Leste and Nigeria lagged somewhat behind, together accounting for a further X the main countries of destination, Timor-Leste recorded 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

The average peanut butter export price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. In general, export price indicated prominent growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, peanut butter export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The export price peaked at $X per tonne in 2018, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Jordan ($X per tonne), while the average price for exports to Nigeria ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste, while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into Indonesia

In 2019, after four years of growth, there was significant decline in overseas purchases of peanut butter and prepared or preserved groundnuts, when their volume decreased by -X% to X tonnes. Overall, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Imports peaked at X tonnes in 2018, and then declined remarkably in the following year.

In value terms, peanut butter imports shrank sharply to $X in 2019. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Imports peaked at $X in 2018, and then contracted sharply in the following year.

Imports by Country

In 2019, China (X tonnes) constituted the largest supplier of peanut butter to Indonesia, with a X% share of total imports. Moreover, peanut butter imports from China exceeded the figures recorded by the second-largest supplier, India (X tonnes), ninefold. The third position in this ranking was occupied by Singapore (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Singapore (+X% per year).

In value terms, China ($X) constituted the largest supplier of peanut butter to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2007 to 2019, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Singapore (+X% per year).

Import Prices by Country

In 2019, the average peanut butter import price amounted to $X per tonne, declining by -X% against the previous year. Overall, import price indicated slight growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, peanut butter import price decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2013 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Singapore ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peanut butter and prepared or preserved groundnuts in the world?

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China (859K tonnes) constituted the country with the largest volume of peanut butter consumption, accounting for 17% of total volume. Moreover, peanut butter consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (374K tonnes), twofold. India (332K tonnes) ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of peanut butter and prepared or preserved groundnuts in the world?

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The country with the largest volume of peanut butter production was China (1.2M tonnes), accounting for 23% of total volume. Moreover, peanut butter production in China exceeded the figures recorded by the second-largest producer, the U.S. (408K tonnes), threefold. India (352K tonnes) ranked third in terms of total production with a 6.7% share.

What are the leading suppliers of peanut butter and prepared or preserved groundnuts to Indonesia?

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In value terms, China ($4.1M) constituted the largest supplier of peanut butter to Indonesia, comprising 77% of total imports. The second position in the ranking was occupied by India ($354K), with a 6.6% share of total imports. It was followed by Singapore, with a 5.2% share.

What are the leading importers of peanut butter and prepared or preserved groundnuts from Indonesia?

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In value terms, the largest markets for peanut butter exported from Indonesia were Jordan ($1.5M), Malaysia ($1.1M) and Hong Kong SAR ($919K), together accounting for 44% of total exports. These countries were followed by Singapore, South Korea, the U.S., Israel, Australia, the Philippines, Timor-Leste and Nigeria, which together accounted for a further 42%.

What is the average export price for peanut butter and prepared or preserved groundnuts in Indonesia?

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The average peanut butter export price stood at $2,969 per tonne in 2019, which is down by -6.9% against the previous year.

What is the average import price for peanut butter and prepared or preserved groundnuts in Indonesia?

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In 2019, the average peanut butter import price amounted to $1,706 per tonne, reducing by -6.9% against the previous year.