Indonesia's Sugar Import Volume Falls in 2023, Lowest Since Pandemic

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Cindy Mutia Annur 21/03/2024 13:28 WIB

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According to BPS data, Indonesia imported 5.06 million tons of sugar throughout 2023, a 15.67% decrease compared to the previous year and the lowest since the Covid-19 pandemic.

Indonesia's Sugar Import Volume and Value (2017-2023)

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Indonesia's Sugar Import Volume and Value (2017-2023)

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Based on data from the Directorate General of Customs processed by the Central Bureau of Statistics (BPS), Indonesia imported 5.06 million tons of sugar in 2023, a 15.67% decrease year-on-year (yoy).

Indonesia's sugar import volume in 2023 was the lowest since the Covid-19 pandemic.

Despite the reduced volume, the value of Indonesia's sugar imports in 2023 was higher than during the pandemic.

In 2023, the value of Indonesia's sugar imports reached US$2.88 billion, down 3.68% (yoy) compared to 2022, but still above the import value levels of 2021-2022.

This was influenced by global sugar prices, which surged in 2023 due to the El Niño weather phenomenon.

Over the past seven years, Indonesia's sugar imports have shown an increasing trend.

Both in volume and value, sugar imports in 2023 were higher than in the pre-pandemic period of 2017-2019, as shown in the graph.

In 2023, Thailand was the largest supplier of sugar to Indonesia, with a volume of 2.37 million tons, or 46.84% of total national imports. The value of sugar imports from Thailand amounted to US$1.28 billion.

Indonesia also imported significant amounts of sugar from Brazil (1.46 million tons, US$886.95 million), Australia (892,800 tons, US$512.49 million), and India (311,350 tons, US$177.76 million).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia's Sugar Import Volume Falls in 2023, Lowest Since Pandemic

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