Indonesia's Food and Beverage Industry Begins to Recover from the COVID-19 Pandemic

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Viva Budy Kusnandar 31/03/2022 15:30 WIB

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The national food and beverage industry's gross domestic product at current prices amounted to Rp 1.12 quadrillion in 2021.

Value and Growth of the Food and Beverage Industry's GDP (2010-2021)

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Indonesia's Food and Beverage Industry Begins to Recover from the COVID-19 Pandemic

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Value and Growth of the Food and Beverage Industry's GDP (2010-2021)

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The food and beverage industry continued to grow during the Covid-19 pandemic. Although slowing down, the industry has managed to survive and continue growing since 2011.

The Central Statistics Agency (BPS) reported that the national food and beverage industry's Gross Domestic Product (GDP) at current prices (ADHB) reached Rp1.12 quadrillion in 2021. This value represents 38.05% of the non-oil and gas processing industry and 6.61% of the national GDP, which reached Rp16.97 quadrillion.

Measured by GDP at constant 2010 prices (ADHK), the food and beverage industry grew by 2.54% to Rp775.1 trillion last year compared to the previous year.

This achievement is better than the previous year, which only grew by 1.58%, but lower than the pre-pandemic growth rate of over 7%. This achievement is also below the national GDP growth last year.

The food and beverage industry is one of nine sub-sectors in the non-oil and gas processing industry that recorded growth in 2021. Meanwhile, eight other sub-industries out of 17 experienced contraction.

The growth of the food and beverage industry's GDP is in line with the growth of household consumption expenditure on food and beverages (excluding restaurants), which increased by 1.44% last year compared to the previous year.

For information, the non-oil and gas processing industry recorded growth of 3.67% last year compared to the previous year. Similarly, the processing industry (including oil and gas processing) grew by 3.39% in 2021 compared to the previous year.

(read: Majority of Micro, Small Industries Operate in the Food Sector)

Editor : Annissa Mutia

"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 Food and Beverage Industry Begins to Recover from the COVID-19 Pandemic

Indonesia's Food and Beverage Industry Begins to Recover from the COVID-19 Pandemic

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