Indonesia: Wine Market 2024

Wine Market Size in Indonesia

The Indonesian wine market contracted modestly to $X in 2023, declining by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Wine consumption peaked at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Wine Production in Indonesia

In value terms, wine production contracted slightly to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Wine production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Wine Exports

Exports from Indonesia

After two years of growth, shipments abroad of wine and grape must decreased by X% to X litres in 2023. Over the period under review, exports recorded a sharp decline. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X litres in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, wine exports shrank to $X in 2023. Overall, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X litres), Singapore (X litres) and Timor-Leste (X litres) were the main destinations of wine exports from Indonesia, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for wine exported from Indonesia were Poland ($X), Singapore ($X) and Australia ($X), together comprising X% of total exports.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2023, the average wine export price amounted to $X per litre, increasing by X% against the previous year. Overall, the export price, however, faced a abrupt descent. The pace of growth was the most pronounced in 2022 when the average export price increased by X%. The export price peaked at $X per litre in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per litre), while the average price for exports to Nigeria ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste (X%), while the prices for the other major destinations experienced a decline.

Wine Imports

Imports into Indonesia

After two years of growth, supplies from abroad of wine and grape must decreased by X% to X litres in 2023. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X litres in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, wine imports reduced to $X in 2023. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

Australia (X litres), Italy (X litres) and France (X litres) were the main suppliers of wine imports to Indonesia, together accounting for X% of total imports. Chile, the United States, South Africa, Portugal, Argentina and New Zealand lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Italy ($X) and France ($X) constituted the largest wine suppliers to Indonesia, with a combined X% share of total imports. Chile, the United States, Argentina, Portugal, South Africa and New Zealand lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average wine import price amounted to $X per litre, growing by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible decrease. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices attained the maximum at $X per litre in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per litre), while the price for South Africa ($X per litre) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform