Indonesia: Grain Market 2024

Grain Market Size in Indonesia

After three years of decline, the Indonesian grain market increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Grain Production in Indonesia

In value terms, grain production shrank slightly to $X in 2022 estimated in export price. In general, production saw significant growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Grain production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of cereal grains in Indonesia fell slightly to X tons per ha in 2022, almost unchanged from the previous year's figure. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average grain yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The grain harvested area in Indonesia rose to X ha in 2022, surging by X% on 2021. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2018 to 2022, the growth of the grain harvested area remained at a lower figure.

Grain Exports

Exports from Indonesia

In 2022, approx. X tons of cereal grains were exported from Indonesia; rising by X% against 2021. Over the period under review, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, grain exports skyrocketed to $X in 2022. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X tons) was the main destination for grain exports from Indonesia, accounting for a X% share of total exports. It was followed by Vietnam (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the Philippines stood at X%.

In value terms, the Philippines ($X) emerged as the key foreign market for cereal grains exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines amounted to X%.

Export Prices by Country

The average grain export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to the Philippines totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%).

Grain Imports

Imports into Indonesia

In 2022, the amount of cereal grains imported into Indonesia shrank rapidly to X tons, with a decrease of X% compared with the previous year's figure. The total import volume 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 growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell significantly in the following year.

In value terms, grain imports rose rapidly to $X in 2022. Overall, total imports indicated a notable increase 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Australia (X tons), Argentina (X tons) and Canada (X tons) were the main suppliers of grain imports to Indonesia, with a combined X% share of total imports. India, Brazil, the United States and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of cereal grains to Indonesia, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

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

Import Prices by Country

The average grain import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price 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, grain import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Canada ($X per ton) and the United States ($X per ton), while the price for Brazil ($X per ton) and Argentina ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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