Indonesia: Inulin Market 2024

Inulin Market Size in Indonesia

The Indonesian inulin market was estimated at $X in 2023, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Inulin Exports

Exports from Indonesia

In 2023, overseas shipments of inulin increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, inulin exports soared to $X in 2023. Overall, exports continue to indicate modest growth. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for inulin exports from Indonesia, with a X% share of total exports. Moreover, inulin exports to Malaysia exceeded the volume sent to the second major destination, the Netherlands (X kg), more than tenfold. The third position in this ranking was taken by Thailand (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Thailand (X% per year).

In value terms, Malaysia ($X) remains the key foreign market for inulin exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the average inulin export price amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2023, 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 Malaysia ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 a decline.

Inulin Imports

Imports into Indonesia

In 2023, approx. X tons of inulin were imported into Indonesia; rising by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, inulin imports stood at $X in 2023. Overall, total imports indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), Chile (X tons) and the Netherlands (X tons) were the main suppliers of inulin imports to Indonesia, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), Chile ($X) and the Netherlands ($X) were the largest inulin suppliers to Indonesia, together comprising X% of total imports.

In terms of the main suppliers, Chile, 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 mixed trend patterns.

Import Prices by Country

The average inulin import price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform