Indonesia: Market for Yoghurt and Fermented Milk 2024

Market Size for Yoghurt and Fermented Milk in Indonesia

The Indonesian yoghurt and fermented milk market declined slightly to $X in 2022, falling by X% against the previous year. In general, consumption showed a pronounced slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Yoghurt and Fermented Milk in Indonesia

In value terms, yoghurt and fermented milk production declined slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Yoghurt and fermented milk production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Yoghurt and Fermented Milk

Exports from Indonesia

After four years of growth, shipments abroad of yoghurt and fermented milk decreased by X% to X tons in 2022. Overall, exports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, yoghurt and fermented milk exports shrank modestly to $X in 2022. Over the period under review, exports, however, saw a tangible increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank slightly in the following year.

Exports by Country

Papua New Guinea (X tons) was the main destination for yoghurt and fermented milk exports from Indonesia, with a X% share of total exports. Moreover, yoghurt and fermented milk exports to Papua New Guinea exceeded the volume sent to the second major destination, Timor-Leste (X tons), twofold. The Philippines (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, Papua New Guinea ($X) remains the key foreign market for yoghurt and fermented milk exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Timor-Leste ($X), with an X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Papua New Guinea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2022, the average yoghurt and fermented milk export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price recorded a slight decline. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average 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 the United States ($X per ton), while the average price for exports to Cambodia ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yoghurt and Fermented Milk

Imports into Indonesia

In 2022, the amount of yoghurt and fermented milk imported into Indonesia shrank remarkably to X tons, with a decrease of X% on the previous year. In general, imports, however, saw moderate growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, yoghurt and fermented milk imports stood at $X in 2022. Over the period under review, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The Netherlands (X tons), New Zealand (X tons) and Belgium (X tons) were the main suppliers of yoghurt and fermented milk imports to Indonesia, with a combined X% share of total imports. Singapore, Malaysia, France, Ireland, Germany and Sweden lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest yoghurt and fermented milk suppliers to Indonesia were the Netherlands ($X), New Zealand ($X) and Belgium ($X), together comprising X% of total imports. Ireland, France, Singapore, Germany, Malaysia and Sweden lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Singapore, 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 yoghurt and fermented milk import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price showed perceptible growth. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Ireland ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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