Chocolate Market Overview in Indonesia
Market Overview
The Indonesian chocolate market expanded remarkably to $
in 2019, increasing by % 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, the total consumption indicated noticeable growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. The pace of growth was the most pronounced in 2013 when the market value increased by % year-to-year. Chocolate consumption peaked in 2019 and is expected to retain growth in the immediate term.
In value terms, chocolate production reached $ in 2019 estimated in export prices. Over the period under review, the total production indicated a noticeable increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Over the period under review, production attained the maximum level in 2019 and is expected to retain growth in the near future.
in 2019, increasing by % 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, the total consumption indicated noticeable growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. The pace of growth was the most pronounced in 2013 when the market value increased by % year-to-year. Chocolate consumption peaked in 2019 and is expected to retain growth in the immediate term.In value terms, chocolate production reached $
in 2019 estimated in export prices. Over the period under review, the total production indicated a noticeable increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Over the period under review, production attained the maximum level in 2019 and is expected to retain growth in the near future.Consumption
In 2019, the amount of chocolate and cocoa products consumed in Indonesia amounted to tonnes, growing by % compared with 2018. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the consumption volume increased by % year-to-year. Over the period under review, consumption reached the maximum volume in 2019 and is expected to retain growth in years to come.
The value of the chocolate market in Indonesia expanded remarkably to $ in 2019, growing by % 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). Over the period under review, the total consumption indicated noticeable growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. The growth pace was the most rapid in 2013 when the market value increased by % year-to-year. Chocolate consumption peaked in 2019 and is expected to retain growth in the immediate term.
tonnes, growing by % compared with 2018. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the consumption volume increased by % year-to-year. Over the period under review, consumption reached the maximum volume in 2019 and is expected to retain growth in years to come.The value of the chocolate market in Indonesia expanded remarkably to $
in 2019, growing by % 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). Over the period under review, the total consumption indicated noticeable growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. The growth pace was the most rapid in 2013 when the market value increased by % year-to-year. Chocolate consumption peaked in 2019 and is expected to retain growth in the immediate term.Market Forecast
Driven by increasing demand for chocolate in Indonesia, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of chocolate 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 chocolate.
Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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