Indonesia: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Indonesia

The Indonesian market for sweet biscuits, waffles and wafers reduced slightly to $X in 2022, which is down by X% against the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Sweet biscuit, waffle and wafer consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Sweet Biscuits, Waffles and Wafers in Indonesia

In value terms, sweet biscuit, waffle and wafer production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X%. Sweet biscuit, waffle and wafer production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Indonesia

For the eleventh consecutive year, Indonesia recorded growth in shipments abroad of sweet biscuits, waffles and wafers, which increased by X% to X tons in 2022. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, sweet biscuit, waffle and wafer exports soared to $X in 2022. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 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 the immediate term.

Exports by Country

China (X tons) was the main destination for sweet biscuit, waffle and wafer exports from Indonesia, accounting for a X% share of total exports. Moreover, sweet biscuit, waffle and wafer exports to China exceeded the volume sent to the second major destination, the Philippines (X tons), twofold. Thailand (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, China ($X) remains the key foreign market for sweet biscuits, waffles and wafers exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by the Philippines, with an X% share.

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

Export Prices by Country

In 2022, the average export price for sweet biscuits, waffles and wafers amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the average price for exports to Myanmar ($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.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Indonesia

In 2022, imports of sweet biscuits, waffles and wafers into Indonesia skyrocketed to X tons, with an increase of X% on the previous year. In general, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sweet biscuit, waffle and wafer imports surged to $X in 2022. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Malaysia (X tons), Thailand (X tons) and China (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Indonesia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and China ($X) appeared to be the largest sweet biscuit, waffle and wafer suppliers to Indonesia, together comprising X% of total imports.

Among the main suppliers, China, with a CAGR of X%, saw 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 import price for sweet biscuits, waffles and wafers amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Italy ($X per ton), while the price for China ($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 a decline.

Source: IndexBox Platform

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