Indonesia: Vegetable Product Market 2024

Vegetable Product Market Size in Indonesia

The Indonesian vegetable product market rose to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Vegetable product consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Vegetable Product Production in Indonesia

In value terms, vegetable product production expanded notably to $X in 2022 estimated in export price. Overall, production showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Vegetable product production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of vegetable products in Indonesia dropped to X tons per ha in 2022, with a decrease of X% on the previous year's figure. Overall, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The vegetable product yield peaked at X tons per ha in 2021, and then dropped in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of vegetable products production in Indonesia expanded markedly to X ha, picking up by X% against the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. As a result, the harvested area reached the peak level and is likely to continue growth in the immediate term.

Vegetable Product Exports

Exports from Indonesia

In 2022, the amount of vegetable products exported from Indonesia skyrocketed to X tons, increasing by X% against the year before. Over the period under review, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vegetable product exports skyrocketed to $X in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for vegetable product exports from Indonesia, accounting for a X% share of total exports. Moreover, vegetable product exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold. Thailand (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 China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

In value terms, China ($X) remains the key foreign market for vegetable products exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($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 China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the average vegetable product export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price saw a resilient expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

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

Vegetable Product Imports

Imports into Indonesia

In 2022, supplies from abroad of vegetable products decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, vegetable product imports fell significantly to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Spain (X tons) and China (X tons) were the main suppliers of vegetable product imports to Indonesia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%).

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

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

Import Prices by Country

In 2022, the average vegetable product import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate a significant increase. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain totaled $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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