Indonesia: Yoghurt Market 2024

Yoghurt Market Size in Indonesia

In 2022, after four years of decline, there was significant growth in the Indonesian yoghurt market, when its value increased by X% to $X. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Yoghurt Production in Indonesia

In value terms, yoghurt production fell slightly to $X in 2022 estimated in export price. Overall, the total production indicated a slight expansion 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Yoghurt Exports

Exports from Indonesia

In 2022, after four years of growth, there was significant decline in overseas shipments of yoghurt, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, yoghurt exports contracted sharply to $X in 2022. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

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

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

In value terms, the Philippines ($X), Timor-Leste ($X) and Maldives ($X) constituted the largest markets for yoghurt exported from Indonesia worldwide, with a combined X% share of total exports.

The Philippines, with a CAGR of X%, saw 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 yoghurt export price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 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 Maldives ($X per ton), while the average price for exports to Thailand ($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 Maldives (X%), while the prices for the other major destinations experienced more modest paces of growth.

Yoghurt Imports

Imports into Indonesia

In 2022, purchases abroad of yoghurt decreased by X% to X tons, falling for the fifth consecutive year after four years of growth. Overall, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, yoghurt imports dropped significantly to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of yoghurt to Indonesia, with a X% share of total imports. Moreover, yoghurt imports from France exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Australia (X% per year).

In value terms, France ($X) constituted the largest supplier of yoghurt to Indonesia, comprising X% of total imports. The second position in the ranking was held by Switzerland ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Australia (X% per year).

Import Prices by Country

In 2022, the average yoghurt import price amounted to $X per ton, flattening at the previous year. In general, the import price posted a moderate expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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