Updated Feb 6, 2023 09:03

Starch Manufacture Residues Market in Indonesia

Market Overview
The Indonesian starch manufacture residues market shrank to $ in , approximately reflecting 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, however, recorded a prominent expansion. Over the period under review, the market reached the peak level at $ in 2019; however, from to , consumption remained at a lower figure.

In value terms, starch manufacture residues production declined modestly to $ in estimated in export price. In general, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2011 with an increase of %. Starch manufacture residues production peaked at $ in 2019; however, from to , production remained at a lower figure.


Consumption
In , the amount of residues of starch manufacture consumed in Indonesia shrank modestly to tons, remaining constant against the year before. Overall, consumption, however, continues to indicate a buoyant increase. Over the period under review, consumption attained the peak volume at tons in 2019; however, from to , consumption stood at a somewhat lower figure.

The size of the starch manufacture residues market in Indonesia dropped slightly to $ in , approximately reflecting 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, consumption, however, saw strong growth. Starch manufacture residues consumption peaked at $ in 2019; however, from to , consumption stood at a somewhat lower figure.


Market Forecast
Driven by increasing demand for residues of starch manufacture 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
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 starch manufacture residues; 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 $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.