Forecast: Export of Sugar Confectionery from Indonesia

The export of sugar confectionery from Indonesia experienced fluctuations in recent years. After a dip between 2013 and 2014, it rebounded significantly in 2015 before varying mildly until a drastic decline in 2020. By 2023, exports were up to 52.13 million kilograms, showing steady recovery with a 1.63% year-on-year increase. Over five years ending 2023, the compound annual growth rate (CAGR) was 1.7%. The forecast from 2024 onwards shows steady growth, with a projected CAGR of 1.27% over the next five years and a cumulative growth of 6.49% by 2028.

Future trends to watch for include:

  • Consumer preferences shifting towards healthier, natural confectionery options that may impact export volumes.
  • Global economic conditions influencing purchasing power and demand in key export markets.
  • Trade policies and agreements that could significantly alter market access and competitive dynamics.

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