Indonesia: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Indonesia

The Indonesian sauce and seasoning market expanded slightly to $X in 2022, surging by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Sauce and seasoning consumption peaked in 2022 and is expected to retain growth in the immediate term.

Sauce And Seasoning Production in Indonesia

In value terms, sauce and seasoning production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

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Sauce And Seasoning Exports

Exports from Indonesia

For the fifth year in a row, Indonesia recorded growth in shipments abroad of sauces and seasonings, which increased by X% to X tons in 2022. Overall, exports enjoyed a strong increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, sauce and seasoning exports rose significantly to $X in 2022. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for sauce and seasoning exports from Indonesia, with a X% share of total exports. Moreover, sauce and seasoning exports to Saudi Arabia exceeded the volume sent to the second major destination, Egypt (X tons), twofold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

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

In value terms, Saudi Arabia ($X) remains the key foreign market for sauces and seasonings exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the average sauce and seasoning export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to the Netherlands ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into Indonesia

Sauce and seasoning imports into Indonesia soared to X tons in 2022, increasing by X% compared with 2021. Over the period under review, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, sauce and seasoning imports expanded rapidly to $X in 2022. In general, imports enjoyed strong growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of sauce and seasoning imports to Indonesia, together accounting for X% of total imports.

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

In value terms, China ($X), Malaysia ($X) and Thailand ($X) constituted the largest sauce and seasoning suppliers to Indonesia, with a combined X% share of total imports.

Among the main suppliers, Thailand, 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

In 2022, the average sauce and seasoning import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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