Indonesia: Bigeye Tuna Market 2022

Bigeye Tuna Market Size in Indonesia

After two years of growth, the Indonesian bigeye tuna market decreased by -X% to $X in 2020. Overall, consumption, however, recorded a significant increase. The pace of growth appeared the most rapid in 2009 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

Bigeye Tuna Production in Indonesia

In value terms, bigeye tuna production shrank modestly to $X in 2020 estimated in export prices. Overall, production showed a mild contraction. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. As a result, production reached the peak level of $X. from 2011 to 2020, production growth failed to regain the momentum.

Bigeye Tuna Exports

Exports from Indonesia

After two years of decline, overseas shipments of bigeye tuna increased by X% to X tons in 2020. In general, exports, however, continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, bigeye tuna exports surged to $X in 2020. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

The Philippines (X tons), Thailand (X tons) and China (X tons) were the main destinations of bigeye tuna exports from Indonesia, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in Thailand, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bigeye tuna exported from Indonesia were the Philippines ($X), Vietnam ($X) and Thailand ($X), with a combined X% share of total exports.

Thailand saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bigeye tuna export price stood at $X per ton in 2020, reducing by -X% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2010 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per ton. from 2011 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Canada ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam, while the prices for the other major destinations experienced more modest paces of growth.

Bigeye Tuna Imports

Imports into Indonesia

In 2020, approx. X tons of bigeye tuna were imported into Indonesia; remaining stable against 2019. In general, imports saw a mild contraction. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2010; however, from 2011 to 2020, imports remained at a lower figure.

In value terms, bigeye tuna imports reduced to $X in 2020. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Micronesia (X tons) were the main suppliers of bigeye tuna imports to Indonesia, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bigeye tuna suppliers to Indonesia were Taiwan (Chinese) ($X), South Korea ($X) and Micronesia ($X), with a combined X% share of total imports.

In terms of the main suppliers, South Korea recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average bigeye tuna import price stood at $X per ton in 2020, shrinking by -X% against the previous year. In general, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Micronesia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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