Indonesia has announced a plan to become self-sufficient in sugar by 2028.

Data from the Observatory of Economic Complexity (OEC) shows that in 2022, the country exported USD 25.1 million in raw sugar as against the import of USD 1.46 billion of refined sugar.

SUGAR is the fourteenth most imported product by Indonesia!

Indonesia is the fourth most populous nation in the world with an annual population growth rate of 1.3%. This growth is accompanied by an increase in sugar consumption, which is occurring at an annual rate of 4.3%. Indonesia currently has more than 63 sugar mills owned by 18 companies.  The Indonesian sugar industry is not as sweet as its product. Many issues like aging factories (approximately 40 mills over 100 years old), reduced sugarcane fields, farm inefficiency, and low productivity plague their sugar industry. Their government is planning to restructure sugar factories through the revitalization of existing sugar mills and investment in the construction of new mills.

The Indonesian government plans to establish what will become the nation’s largest sugar company by 2028, aiming to seize control of the local sugar market in the same way it dominates the palm oil sector.

Major initiatives taken by the government will create modernization and expansion for existing sugar refineries and the setting up of new high-capacity sugar mills/refineries.

These refineries require large consumption of water as specialized steam boilers are required for electricity generation and for heat in various stages of production such as crystallization process.

Our company, NM India Sourcing is a top procurement company in India, with a strong supplier base of companies with international standard boiler bank tubes, superheater coils, heat exchangers, economizer coils, and all other requirements for pipes, tubes and fittings for sugar refineries. Moreover, Indonesia-India being a part of the ASEAN-India Free Trade Area (AIFTA) it allows equipment importers from Indonesia access to the Indian market with low customs duties and other incidental taxes. The geographical proximity of Indonesia also allows the shortest and low-cost supply chain options. Apart from sourcing solutions we also provide supply chain services to our overseas customers.

Connect with us for further information or any business consultation – www.nmindiasourcing.com