Indonesia: Wine Market 2023

Wine Market Size in Indonesia

The Indonesian wine market reduced to $X in 2022, dropping by -6.1% against the previous year. In general, consumption showed a slight setback. Wine consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Wine Production in Indonesia

In value terms, wine production declined to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible descent. The pace of growth was the most pronounced in 2019 with an increase of 31% against the previous year. Wine production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Wine Exports

Exports from Indonesia

In 2022, the amount of wine and grape must exported from Indonesia reduced rapidly to X litres, with a decrease of -75.1% on 2021. In general, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2017 with an increase of 307% against the previous year. As a result, the exports reached the peak of X litres. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, wine exports dropped dramatically to $X in 2022. Overall, exports continue to indicate a precipitous decline. The growth pace was the most rapid in 2021 when exports increased by 426% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Timor-Leste (X litres), Singapore (X litres) and Australia (X litres) were the main destinations of wine exports from Indonesia, with a combined 49% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Timor-Leste (with a CAGR of -12.3%), while the other leaders experienced a decline.

In value terms, Singapore ($X), Timor-Leste ($X) and Australia ($X) appeared to be the largest markets for wine exported from Indonesia worldwide, together accounting for 49% of total exports.

In terms of the main countries of destination, Timor-Leste, with a CAGR of -16.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average wine export price amounted to $X per litre, shrinking by -27% against the previous year. In general, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 225%. Over the period under review, the average export prices reached the maximum at $X per litre in 2012; however, from 2013 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 ($X per litre), while the average price for exports to Timor-Leste ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste (-4.2%), while the prices for the other major destinations experienced a decline.

Wine Imports

Imports into Indonesia

In 2022, purchases abroad of wine and grape must increased by 48% to X litres, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,236% against the previous year. Over the period under review, imports reached the maximum at X litres in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, wine imports skyrocketed to $X in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 736% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Australia (X litres) constituted the largest supplier of wine to Indonesia, accounting for a 19% share of total imports. Moreover, wine imports from Australia exceeded the figures recorded by the second-largest supplier, Italy (X litres), fivefold. The third position in this ranking was held by Chile (X litres), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia amounted to +47.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+65.7% per year) and Chile (+54.5% per year).

In value terms, the largest wine suppliers to Indonesia were Australia ($X), France ($X) and Italy ($X), with a combined 27% share of total imports. These countries were followed by the United States, Chile, South Africa, Argentina, Singapore and Malaysia, which together accounted for a further 6.2%.

In terms of the main suppliers, Argentina, with a CAGR of +85.7%, recorded the highest growth rate of 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

The average wine import price stood at $X per litre in 2022, declining by -20.9% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 27% against the previous year. The import price peaked at $X per litre in 2013; however, from 2014 to 2022, import prices stood 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 ($X per litre), while the price for Argentina ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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