Indonesia: Wine Market 2024

Wine Market Size in Indonesia

In 2022, the Indonesian wine market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a significant increase. Wine consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Wine Production in Indonesia

In value terms, wine production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Wine production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Wine Exports

Exports from Indonesia

After three years of decline, overseas shipments of wine increased by X% to X litres in 2022. Overall, exports, however, continue to indicate a precipitous contraction. The pace of growth appeared 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 surged to $X in 2022. Over the period under review, exports, however, continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. 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) was the main destination for wine exports from Indonesia, with 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 ($X), Japan ($X) and Timor-Leste ($X) appeared to be the largest markets for wine exported from Indonesia worldwide, together comprising X% of total exports.

Among the main countries of destination, Timor-Leste, with a CAGR of X%, saw 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, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per litre), while the average price for exports to Timor-Leste ($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 Malaysia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wine Imports

Imports into Indonesia

In 2022, supplies from abroad of wine increased by X% to X litres, rising for the second year in a row after two years of decline. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X litres in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, wine imports skyrocketed to $X in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

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

Among the main suppliers, Argentina, with a CAGR of X%, saw 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

In 2022, the average wine import price amounted to $X per litre, with a decrease of X% against the previous year. Over the period under review, the import price showed a deep slump. The most prominent rate of growth was recorded in 2020 an increase of X% 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per litre), while the price for South Africa ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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