In the first quarter of 2023, the food and beverage industry (mamin) showed a promising growth of 5.33%. According to data from the Central Statistics Agency (BPS), the gross domestic product (GDP) of the mamin industry reached Rp206.19 trillion, a 5.33% increase compared to the same period in the previous year, which was Rp195.75 trillion. This growth positions the mamin industry as the fourth largest among other sub-sectors of the manufacturing industry.

The Ministry of Industry (Kemenperin) stated that the positive growth in the mamin industry is in line with the gradual decline of the Covid-19 pandemic's impact in Indonesia. The mamin industry is among the sub-sectors consistently expanding based on the Industrial Confidence Index (IKI). However, BPS also reported a 6.62% contraction in the mamin industry's exports in Q1/2023. The export value declined to US$10.22 billion compared to US$10.94 billion in the same period the previous year.

The mamin industry plays a significant role in the manufacturing sector, contributing approximately 33.62% to the GDP of the manufacturing industry in Q1/2023. Despite export challenges, the domestic market remains a strong support for the growth of the mamin industry. Efforts to bring innovation and superior product quality are key to strengthening the mamin industry's role in Indonesia's economy.

 

Source: DataIndonesia.id