Indonesia: Sweet Potato Market 2024

Sweet Potato Market Size in Indonesia

In 2023, the Indonesian sweet potato market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a deep reduction. Sweet potato consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Sweet Potato Production in Indonesia

In value terms, sweet potato production shrank to $X in 2023 estimated in export price. Overall, production, however, saw a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

In 2023, the average yield of sweet potatoes in Indonesia amounted to X tons per ha, increasing by X% against 2022. The yield figure increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the average sweet potato yield hit record highs at X tons per ha in 2021; however, from 2022 to 2023, the yield stood 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.

In 2023, the total area harvested in terms of sweet potatoes production in Indonesia soared to X ha, surging by X% on the year before. Over the period under review, the harvested area, however, showed a abrupt slump. Over the period under review, the harvested area dedicated to sweet potato production reached the peak figure at X ha in 2012; however, from 2013 to 2023, the harvested area remained at a lower figure.

Sweet Potato Exports

Exports from Indonesia

After three years of growth, overseas shipments of sweet potatoes decreased by X% to X tons in 2023. Overall, total exports indicated a perceptible expansion from 2012 to 2023: its volume 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. Based on 2023 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2022, and then shrank in the following year.

In value terms, sweet potato exports fell modestly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then contracted slightly in the following year.

Exports by Country

Malaysia (X tons), Japan (X tons) and Singapore (X tons) were the main destinations of sweet potato exports from Indonesia, with a combined X% share of total exports. Hong Kong SAR and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sweet potato exported from Indonesia were Japan ($X), Singapore ($X) and Malaysia ($X), together accounting for X% of total exports. Hong Kong SAR and South Korea lagged somewhat behind, together comprising a further X%.

Hong Kong SAR, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average sweet potato export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

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

Sweet Potato Imports

Imports into Indonesia

In 2023, the amount of sweet potatoes imported into Indonesia contracted notably to X tons, with a decrease of X% against 2022 figures. Overall, imports faced a dramatic contraction. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, sweet potato imports contracted rapidly to $X in 2023. In general, imports saw a abrupt downturn. The growth pace was the most rapid in 2022 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Singapore (X tons) constituted the largest supplier of sweet potato to Indonesia, with a X% share of total imports. Moreover, sweet potato imports from Singapore exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold. China (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Singapore amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, the United States ($X), Australia ($X) and China ($X) constituted the largest sweet potato suppliers to Indonesia, together accounting for X% of total imports.

Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average sweet potato import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, saw a prominent increase. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform