Indonesia: Wine Market 2024

Wine Market Size in Indonesia

The Indonesian wine market shrank to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Wine consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Wine Production in Indonesia

In value terms, wine production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Wine production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Wine Exports

Exports from Indonesia

In 2022, shipments abroad of wine and grape must decreased by X% to X litres, falling for the third year in a row after two years of growth. Overall, exports saw a significant decline. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X litres in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wine exports contracted sharply to $X in 2022. In general, exports faced a precipitous slump. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Timor-Leste (X litres) was the main destination for wine exports from Indonesia, accounting for a X% share of total exports. Moreover, wine exports to Timor-Leste exceeded the volume sent to the second major destination, Japan (X litres), threefold. Australia (X litres) ranked third in terms of total exports with a X% share.

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

In value terms, Australia ($X), Singapore ($X) and Japan ($X) were the largest markets for wine exported from Indonesia worldwide, together comprising X% of total exports. Timor-Leste, South Korea, Hong Kong SAR, China, the Netherlands, Thailand, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average wine export price stood at $X per litre in 2022, declining by X% against the previous year. In general, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per litre), while the average price for exports to Taiwan (Chinese) ($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 Malaysia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wine Imports

Imports into Indonesia

In 2022, purchases abroad of wine and grape must increased by X% to X litres, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2016 with an increase of X% 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. Overall, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia (X litres), Italy (X litres) and France (X litres) were the main suppliers of wine imports to Indonesia, together comprising X% of total imports. Chile, the United States, South Africa, Portugal, Argentina, New Zealand and Singapore lagged somewhat behind, together accounting for a further X%.

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

In value terms, Australia ($X), Italy ($X) and France ($X) constituted the largest wine suppliers to Indonesia, with a combined X% share of total imports. Chile, the United States, Argentina, Portugal, South Africa, New Zealand and Singapore lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Argentina, 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

The average wine import price stood at $X per litre in 2022, with a decrease of X% against the previous year. In general, the import price faced a precipitous decrease. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per litre in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per litre), while the price for South Africa ($X per litre) 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 a decline.

Source: IndexBox Platform