Prepared or preserved groundnuts market in Indonesia

Earlier Report Observations

The market for prepared or preserved groundnuts in Indonesia contracted sharply from 8 178 tonnes in 2018 to 3 636 tonnes in 2020. The high volume in 2018 was supported by a government program to expand exports of processed agricultural products, particularly to the United States, and by improvements in peanut cultivation technology that aimed to boost productivity.

From 2021, the market stabilized and began to recover, reaching 4 122 tonnes in 2023. This recovery was driven by changing consumer preferences, including culinary trends favoring crunchy and nutritious snacks and the popularity of spicy flavors among younger generations, which spurred innovation in peanut products. By 2023, dietary shifts emphasizing reduced sugar and sodium and increased consumption of anti-inflammatory foods like nuts further supported demand for healthier and natural prepared groundnuts.

Production prepared or preserved groundnuts in Indonesia

In kind, 2018-2021, t

Indonesia was one of the world's leading producers of prepared or preserved groundnuts from 2018 to 2021, ranking 24th globally by production volume during this period.

Top producers of prepared or preserved groundnuts, 2018-2021

World map of production of prepared or preserved groundnuts, 2018-2021

Indonesia's production of prepared or preserved groundnuts declined for the third year in a row. In 2021, output reached 5,125 tonnes, down 3.5% from the previous year. Over the 2018-2021 period, production fell by 11.2%, representing an average annual decline of 3.9%.

Annual dynamics of production in Indonesia in kind, 2018-2021, t

In value, 2018-2021, K $ US

The value of Indonesia's prepared or preserved groundnuts production also dropped for the third consecutive year. In 2021, production was valued at 16,737 thousand US dollars, a decrease of 0.6% compared to 2020. Between 2018 and 2021, the value declined by 9.1%, equivalent to an annualized rate of 3.1%.

Annual dynamics of production in Indonesia in value, 2018-2021, K $ US

Exports prepared or preserved groundnuts from Indonesia

Exports in kind, t

Indonesia exported 2,699 tonnes of prepared or preserved groundnuts in 2021, which was 11.4% lower than in 2020. Over the 2018-2021 period, exports decreased by 13.7%, with an average annual decline of 4.8%. The largest drop occurred in 2019, at 11.4%, while the biggest increase was recorded in 2020, at 10.0%.

Annual dynamics of product's exports from Indonesia in kind, 2018-2021, t

From 2018 to 2021, Indonesia's exports of prepared or preserved groundnuts in volume terms were highly diversified. Jordan accounted for 17.4% of exports, Malaysia for 13.7%, and Hong Kong for 10.5%, together making up 41.6% of total flows. The remaining 58.4% was distributed among numerous smaller trading partners.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Indonesia in kind, 2018-2021

Exports in value, K $ US

In 2021, Indonesia's exports of prepared or preserved groundnuts in value terms amounted to 8,814 thousand US dollars, an 8.8% decrease year-over-year. Between 2018 and 2021, export value fell by 11.6%, equating to an annualized decline of 4.0%. The lowest value was recorded in 2019 at 8,221 thousand US dollars, with the largest drop that year at 17.6%. The biggest increase occurred in 2020, at 17.5%.

Annual dynamics of product's exports from Indonesia in value, 2018-2021, K $ US

The market base for Indonesia's exports in value terms from 2018 to 2021 was broad. Jordan contributed 21.2% of export value, Malaysia 11.5%, and the United States 10.3%, together accounting for 43.0% of total flows. The remaining 57.0% was shared among many other countries.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Indonesia in value, 2018-2021

Imports prepared or preserved groundnuts to Indonesia

Imports in kind, t

Indonesia's imports of prepared or preserved groundnuts in volume terms declined for the third consecutive year. In 2021, imports totaled 1,187 tonnes, a sharp decrease of 13.4% compared to 2020. Over the 2018-2021 period, imports plummeted by 78.5%, with an average annual decline of 40.1%.

Annual dynamics of product's imports to Indonesia in kind, 2018-2021, t

From 2018 to 2021, China was the primary source for Indonesia's imports of prepared or preserved groundnuts in volume terms, accounting for 81.4% of total flows. Other markets formed a long tail of smaller partners.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Indonesia in kind, 2018-2021

Imports in value, K $ US

The value of Indonesia's imports of prepared or preserved groundnuts also fell for the third year in a row. In 2021, imports were valued at 4,025 thousand US dollars, down 3.2% from 2020. Between 2018 and 2021, import value decreased by 60.3%, representing an annualized decline of 26.5%.

Annual dynamics of product's imports to Indonesia in value, 2018-2021, K $ US

In the 2018-2021 period, China dominated Indonesia's imports of prepared or preserved groundnuts in value terms, with a share of 79.0% of total flows. Other partners held relatively minor shares.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Indonesia in value, 2018-2021