Group 1: Market Opportunities - The midstream market and mid-range price segments in Indonesia present significant growth opportunities, with a relatively weak manufacturing sector compared to upstream resources and downstream consumption markets [3][7][9] - Indonesia's abundant upstream resources include being the world's largest producer of nickel and the third-largest producer of rice, contributing to a GDP composition where agriculture and mining account for 23% [3][4][5] - The consumer market in Indonesia is substantial, with a total consumption of USD 723.7 billion in 2023, making it the largest in ASEAN, and a compound annual growth rate (CAGR) of 5.1% from 2015 to 2023 [5][7] Group 2: Consumer Demographics - Indonesia's population reached 278 million in 2023, with a median age of 30.9 years, indicating a young demographic that supports consumption growth [7][8] - The middle class is expanding rapidly, with the number of individuals earning over USD 10,000 annually increasing significantly since 2018, creating opportunities for mid-range brands [21][22] Group 3: Retail Channels - The retail market in Indonesia is the largest in ASEAN, with a balanced distribution among traditional, modern, and e-commerce channels, projected to grow at a CAGR of over 11% from 2023 to 2028 [24][25] - Traditional channels remain crucial for market penetration, with local shops and convenience stores like Alfamart and Indomaret dominating the landscape [28][29] Group 4: Localization and Market Entry - Companies entering the Indonesian market must prioritize localization, adapting products, channels, and branding to local preferences and regulations, as success rates are low for those replicating domestic strategies [34][35] - Understanding local religious practices and compliance with regulations, such as halal certification, is essential for market acceptance [35][36] Group 5: Infrastructure and Logistics - Indonesia's infrastructure presents both challenges and opportunities, with significant government investment aimed at improving logistics and connectivity across its vast archipelago [9][10][37] - The logistics performance index (LPI) for Indonesia is the lowest among major ASEAN countries, indicating a need for improvement in logistics efficiency [39]
东南亚消费国别研究:印尼调研反馈—消费前景广阔,扎根本地制胜
2024-11-27 04:21