Updated Nov 6, 2022 23:22

Market for Citrus Fruit Or Melons Peel in Indonesia

Market Overview
After two years of growth, the Indonesian market for peel of citrus fruit or melons decreased by -% to $ in . Overall, consumption enjoyed buoyant growth. Over the period under review, the market attained the peak level at $ in , and then shrank in the following year.

In value terms, citrus fruit or melons peel production declined to $ in estimated in export price. Over the period under review, production recorded a buoyant expansion. The growth pace was the most rapid in 2016 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2017 to , production growth failed to regain momentum.


Consumption
In , citrus fruit or melons peel consumption in Indonesia rose to tons, picking up by % against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. Citrus fruit or melons peel consumption peaked in and is likely to see steady growth in the near future.

The size of the market for peel of citrus fruit or melons in Indonesia rose modestly to $ in , with an increase of % 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). In general, consumption saw a resilient increase. Over the period under review, the market attained the maximum level at $ in ; however, from to , consumption failed to regain momentum.


Market Forecast
Driven by increasing demand for citrus fruit or melons peel in Indonesia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of citrus fruit or melons peel in Indonesia were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for citrus fruit or melons peel. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Indonesia remains a net importer of citrus fruit or melons peel; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.