Indonesia: Groundnuts Market 2024

Groundnuts Market Size in Indonesia

The Indonesian groundnuts market was estimated at $X in 2022, rising by X% against the previous year. Overall, consumption continues to indicate a noticeable contraction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Groundnuts consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Groundnuts Production in Indonesia

In value terms, groundnuts production expanded slightly to $X in 2022 estimated in export price. Overall, production showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X%. Groundnuts production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of ground-nut (in-shell) in Indonesia shrank modestly to X tons per ha in 2022, which is down by X% against 2021. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average groundnuts yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The groundnuts harvested area in Indonesia was estimated at X ha in 2022, approximately reflecting the previous year's figure. Over the period under review, the harvested area, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the harvested area dedicated to groundnuts production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Groundnuts Exports

Exports from Indonesia

In 2022, after two years of growth, there was significant decline in shipments abroad of ground-nut (in-shell), when their volume decreased by X% to X tons. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, groundnuts exports stood at $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for groundnuts exports from Indonesia, with a X% share of total exports. Moreover, groundnuts exports to Malaysia exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Thailand (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for ground-nut (in-shell) exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Thailand (X% per year).

Export Prices by Country

The average groundnuts export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Timor-Leste ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Groundnuts Imports

Imports into Indonesia

For the third consecutive year, Indonesia recorded decline in purchases abroad of ground-nut (in-shell), which decreased by X% to X tons in 2022. Over the period under review, imports faced a sharp decline. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, groundnuts imports shrank sharply to $X in 2022. In general, imports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) was the main groundnuts supplier to Indonesia, accounting for a X% share of total imports. Moreover, groundnuts imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%.

In value terms, India ($X) constituted the largest supplier of ground-nut (in-shell) to Indonesia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India stood at X%.

Import Prices by Country

In 2022, the average groundnuts import price amounted to $X per ton, growing by X% against the previous year. In general, the import price saw a modest increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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