Indonesia: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in Indonesia

After two years of decline, the Indonesian tapioca and substitutes market increased by X% to $X in 2022. Overall, consumption recorded resilient growth. Tapioca and substitutes consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Tapioca And Substitutes Production in Indonesia

In value terms, tapioca and substitutes production shrank modestly to $X in 2022 estimated in export price. In general, the total production indicated a resilient 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 decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Tapioca And Substitutes Exports

Exports from Indonesia

In 2022, after two years of growth, there was significant decline in shipments abroad of tapioca and substitutes, when their volume decreased by X% to X tons. In general, exports continue to indicate a mild descent. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, tapioca and substitutes exports fell sharply to $X in 2022. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

Malaysia (X tons) was the main destination for tapioca and substitutes exports from Indonesia, with a X% share of total exports. Moreover, tapioca and substitutes exports to Malaysia exceeded the volume sent to the second major destination, Japan (X tons), fivefold. Timor-Leste (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Timor-Leste (X% per year).

In value terms, Japan ($X), Malaysia ($X) and Australia ($X) appeared to be the largest markets for tapioca and substitutes exported from Indonesia worldwide, together comprising X% of total exports. Timor-Leste, Israel, Hong Kong SAR and Sri Lanka lagged somewhat behind, together accounting for a further X%.

Timor-Leste, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tapioca and substitutes export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price showed a strong increase. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the 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 Australia ($X per ton), while the average price for exports to Sri Lanka ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tapioca And Substitutes Imports

Imports into Indonesia

In 2022, approx. X tons of tapioca and substitutes were imported into Indonesia; rising by X% on the year before. Overall, imports, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tapioca and substitutes imports soared to $X in 2022. In general, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Singapore (X tons) were the main suppliers of tapioca and substitutes imports to Indonesia, together accounting for X% 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, Taiwan (Chinese) ($X), China ($X) and Singapore ($X) appeared to be the largest tapioca and substitutes suppliers to Indonesia, together accounting for X% of total imports.

Among the main suppliers, China, 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 tapioca and substitutes import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Singapore ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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