Non-Liquid Margarine Price in Indonesia - 2022
Contents:
- Non-Liquid Margarine Price in Indonesia (FOB) - 2022
- Non-Liquid Margarine Price in Indonesia (CIF) - 2022
- Non-Liquid Margarine Exports in Indonesia
- Non-Liquid Margarine Imports in Indonesia
Non-Liquid Margarine Price in Indonesia (FOB) - 2022
The average non-liquid margarine export price stood at $1,160 per ton in March 2022, falling by -1.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in September 2021 when the average export price increased by 7.8% against the previous month. The export price peaked at $1,180 per ton in February 2022, and then dropped slightly in the following month.
Average prices varied somewhat for the major external markets. In March 2022, the highest price was recorded for prices to the Philippines ($1,385 per ton) and South Korea ($1,355 per ton), while the average price for exports to the United States ($960 per ton) and Australia ($964 per ton) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Price in Indonesia (CIF) - 2022
In March 2022, the average non-liquid margarine import price amounted to $2,049 per ton, with a decrease of -60.4% against the previous month. Over the period under review, the import price recorded a perceptible descent. The most prominent rate of growth was recorded in October 2021 when the average import price increased by 169% month-to-month. As a result, import price attained the peak level of $9,561 per ton. From November 2021 to March 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($4,942 per ton), while the price for Malaysia ($1,736 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Denmark (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Exports in Indonesia
In 2022, shipments abroad of non-liquid margarine decreased by -6.2% to 109K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a mild downturn. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year. As a result, the exports reached the peak of 126K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, non-liquid margarine exports soared to $136M in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Non-Liquid Margarine in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 22.6 | 31.5 | 33.3 | 38.4 | 19.3% |
| Ghana | 10.2 | 12.2 | 21.6 | 25.0 | 34.8% |
| China | 7.9 | 13.4 | 17.7 | 24.8 | 46.4% |
| Angola | 5.4 | 6.1 | 4.7 | 6.1 | 4.1% |
| South Korea | 1.9 | 2.3 | 3.5 | 6.0 | 46.7% |
| Benin | 4.1 | 3.8 | 3.7 | 4.1 | 0.0% |
| New Zealand | 0.6 | 0.8 | 1.4 | 3.0 | 71.0% |
| Papua New Guinea | 1.4 | 1.6 | 2.1 | 2.5 | 21.3% |
| Australia | 0.1 | 1.5 | 2.0 | 2.4 | 188.4% |
| Liberia | 1.0 | 0.9 | 2.0 | 2.3 | 32.0% |
| Congo | 1.5 | 2.5 | 1.1 | 1.9 | 8.2% |
| Others | 14.5 | 15.0 | 18.9 | 19.3 | 10.0% |
| Total | 71.0 | 91.5 | 112 | 136 | 24.2% |
Top Export Markets for Non-Liquid Margarine from Indonesia in 2022:
- Nigeria (35.0K tons)
- Ghana (19.1K tons)
- China (16.2K tons)
- Angola (6.1K tons)
- Benin (4.3K tons)
- South Korea (3.2K tons)
- New Zealand (2.9K tons)
- Liberia (1.8K tons)
- Australia (1.8K tons)
- Congo (1.8K tons)
- Papua New Guinea (1.7K tons)
Non-Liquid Margarine Imports in Indonesia
In 2022, approx. 3.5K tons of non-liquid margarine were imported into Indonesia; jumping by 24% on 2021 figures. Over the period under review, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, non-liquid margarine imports surged to $15M in 2022. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 105%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Non-Liquid Margarine in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1.2 | 2.2 | 6.1 | 8.6 | 92.8% |
| Malaysia | 0.7 | 0.7 | 2.2 | 2.8 | 58.7% |
| Italy | 1.0 | 0.6 | 0.1 | 0.9 | -3.5% |
| Spain | 0.4 | 0.2 | 0.3 | 0.6 | 14.5% |
| Australia | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Germany | 0.4 | 0.2 | 0.4 | 0.3 | -9.1% |
| Belgium | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Others | 1.7 | 1.0 | 0.9 | 1.9 | 3.8% |
| Total | 5.5 | 4.9 | 10.2 | 15.5 | 41.3% |
Top Suppliers of Non-Liquid Margarine to Indonesia in 2022:
- Malaysia (1236.1 tons)
- Singapore (768.2 tons)
- Italy (475.6 tons)
- Spain (219.8 tons)
- Australia (88.5 tons)
- Germany (74.2 tons)
- Belgium (54.5 tons)
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