Indonesia: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Indonesia

The Indonesian market for caviar (salmon) and caviar substitutes soared to $X in 2021, jumping by 15% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in Indonesia

In value terms, caviar (salmon) and caviar substitutes production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 25% against the previous year. Caviar (salmon) and caviar substitutes production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from Indonesia

In 2021, after two years of decline, there was significant growth in shipments abroad of caviar (salmon) and caviar substitutes, when their volume increased by 25% to X tons. In general, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 76% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, caviar (salmon) and caviar substitutes exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 141%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main destinations of caviar (salmon) and caviar substitutes exports from Indonesia.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +22.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X) remains the key foreign market for caviar (salmon) and caviar substitutes exports from Indonesia, comprising 72% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value to South Korea totaled -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+22.2% per year) and China (+16.3% per year).

Export Prices by Country

In 2021, the average export price for caviar (salmon) and caviar substitutes amounted to $X per ton, growing by 29% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2017 an increase of 37% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into Indonesia

In 2021, the amount of caviar (salmon) and caviar substitutes imported into Indonesia rose markedly to X tons, surging by 12% against the previous year's figure. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 113%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, caviar (salmon) and caviar substitutes imports surged to $X in 2021. Overall, imports posted significant growth. The growth pace was the most rapid in 2018 with an increase of 188%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Japan (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) were the main suppliers of caviar (salmon) and caviar substitutes imports to Indonesia, together accounting for 88% of total imports. These countries were followed by Thailand, China and Spain, which together accounted for a further 10%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +44.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of caviar (salmon) and caviar substitutes to Indonesia, comprising 58% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 26% share of total imports. It was followed by Singapore, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +67.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+49.0% per year) and Singapore (0.0% per year).

Import Prices by Country

In 2021, the average import price for caviar (salmon) and caviar substitutes amounted to $X per ton, rising by 55% against the previous year. Overall, the import price recorded a significant expansion. The growth pace was the most rapid in 2018 an increase of 155%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+120.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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