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. In general, consumption, however, continues to indicate a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Sweet Potato Production in Indonesia

In value terms, sweet potato production dropped modestly to $X in 2023 estimated in export price. In general, production, however, saw a deep downturn. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a somewhat lower figure.

The average yield of sweet potatoes in Indonesia expanded notably to X tons per ha in 2023, with an increase of X% on 2022 figures. 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 throughout the analyzed period. The sweet potato yield peaked 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 sweet potato harvested area in Indonesia skyrocketed to X ha, picking up by X% against the previous year's figure. In general, the harvested area, however, showed a deep slump. Over the period under review, the harvested area dedicated to sweet potato production attained the maximum 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 noticeable increase 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 pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2022, and then declined in the following year.

In value terms, sweet potato exports contracted to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2022, and then contracted modestly in the following year.

Exports by Country

Malaysia (X tons), Singapore (X tons) and Japan (X tons) were the main destinations of sweet potato exports from Indonesia, together accounting for X% of total exports. Hong Kong SAR and South Korea lagged somewhat behind, together comprising 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, Japan ($X), Singapore ($X) and Malaysia ($X) appeared to be the largest markets for sweet potato exported from Indonesia worldwide, together comprising X% of total exports. Hong Kong SAR and South Korea lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 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 remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, 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 remarkably to X tons, dropping by X% compared with the year before. Overall, imports faced a sharp decline. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, sweet potato imports dropped notably to $X in 2023. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat 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 rate of growth in terms of volume from Singapore totaled 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 largest sweet potato suppliers to Indonesia were the United States ($X), Australia ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, Australia, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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. Over the period under review, the import price, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, 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