Indonesia - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Indonesia - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights

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Peanut Butter Price in Indonesia - 2022

Contents:

  1. Peanut Butter Price in Indonesia (FOB) - 2022
  2. Peanut Butter Price in Indonesia (CIF) - 2022
  3. Peanut Butter Exports in Indonesia
  4. Peanut Butter Imports in Indonesia

Peanut Butter Price in Indonesia (FOB) - 2022

In March 2022, the average peanut butter export price amounted to $3,392 per ton, with an increase of 4.9% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2021 an increase of 10% m-o-m. The export price peaked at $3,555 per ton in October 2021; however, from November 2021 to March 2022, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($3,734 per ton), while the average price for exports to Hong Kong SAR ($1,996 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Price in Indonesia (CIF) - 2022

The average peanut butter import price stood at $3,513 per ton in March 2022, reducing by -2.6% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2021 an increase of 55% against the previous month. The import price peaked at $4,003 per ton in January 2022; however, from February 2022 to March 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($5,132 per ton), while the price for Singapore ($1,757 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Peanut Butter Exports in Indonesia

In 2022, overseas shipments of peanut butter and prepared or preserved groundnuts decreased by -10.7% to 2.4K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2020 when exports increased by 10% against the previous year. As a result, the exports attained the peak of 3K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, peanut butter exports declined to $8.8M in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $9.7M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Peanut Butter in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Jordan1,5291,7432,3932,29514.5%
Israel5971,2221,0921,04820.6%
Malaysia1,132997829846-9.3%
United States6271,0668548199.3%
Hong Kong SAR9191,053697761-6.1%
South Korea7098457637321.1%
Singapore717788505573-7.2%
Netherlands14612925124018.0%
Timor-Leste2061792272171.7%
Brunei Darussalam16125122421510.1%
Australia266256207209-7.7%
Philippines23711295.0126-19.0%
Nigeria12618347.9100-7.4%
Others849836630606-10.6%
Total8,2219,6618,8148,7872.2%

Top Export Markets for Peanut Butter from Indonesia in 2022:

  1. Jordan (552.6 tons)
  2. Malaysia (289.8 tons)
  3. Israel (252.0 tons)
  4. Hong Kong SAR (227.0 tons)
  5. South Korea (192.7 tons)
  6. United States (192.0 tons)
  7. Singapore (135.8 tons)
  8. Timor-Leste (90.0 tons)
  9. Nigeria (84.2 tons)
  10. Philippines (59.9 tons)
  11. Australia (59.1 tons)
  12. Netherlands (58.1 tons)
  13. Brunei Darussalam (54.9 tons)

Peanut Butter Imports in Indonesia

In 2022, purchases abroad of peanut butter and prepared or preserved groundnuts increased by 18% to 1.4K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a dramatic curtailment.

In value terms, peanut butter imports skyrocketed to $5.9M in 2022. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +3.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Peanut Butter in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4,0912,7802,7964,069-0.2%
Malaysia22325546559538.7%
India35463617448911.4%
Singapore2781562232850.8%
United States16512520626417.0%
Argentina63.714942.110718.9%
Others16058.9119125-7.9%
Total5,3344,1604,0255,9333.6%

Top Suppliers of Peanut Butter to Indonesia in 2022:

  1. China (955.8 tons)
  2. India (201.8 tons)
  3. Malaysia (81.1 tons)
  4. Singapore (79.5 tons)
  5. Argentina (34.7 tons)
  6. United States (31.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the peanut butter market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)

Country coverage:

  • Indonesia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Indonesia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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