Indonesia: Market for Dried Or Smoked Fish 2025

Market Size for Dried Or Smoked Fish in Indonesia

After two years of decline, the Indonesian dried or smoked fish market increased by 6.6% to $X in 2021. The market value increased at an average annual rate of +4.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Dried Or Smoked Fish in Indonesia

In value terms, dried or smoked fish production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 15%. Dried or smoked fish production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Dried Or Smoked Fish

Exports from Indonesia

In 2021, after two years of growth, there was significant decline in shipments abroad of dried or smoked fish, when their volume decreased by -28% to X tons. Overall, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 37%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, dried or smoked fish exports expanded modestly to $X in 2021. In general, exports saw a mild setback. The pace of growth was the most pronounced in 2019 when exports increased by 17%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for dried or smoked fish exports from Indonesia, with a 38% share of total exports. Moreover, dried or smoked fish exports to Japan exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Sri Lanka (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+2.1% per year) and Sri Lanka (-12.6% per year).

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($X) appeared to be the largest markets for dried or smoked fish exported from Indonesia worldwide, together comprising 61% of total exports.

China, with a CAGR of +28.2%, recorded the highest rates of growth with regard to the value of exports, among 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 dried or smoked fish export price stood at $X per ton in 2021, picking up by 44% against the previous year. Over the period under review, the export price posted a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia ($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 Sri Lanka (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports into Indonesia

After two years of decline, overseas purchases of dried or smoked fish increased by 2.1% to X tons in 2021. Overall, imports saw a pronounced increase. The most prominent rate of growth was recorded in 2018 with an increase of 142%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, dried or smoked fish imports contracted sharply to $X in 2021. Over the period under review, imports, however, saw a deep contraction. The growth pace was the most rapid in 2014 with an increase of 82% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of dried or smoked fish to Indonesia, with a 66% share of total imports. Moreover, dried or smoked fish imports from South Korea exceeded the figures recorded by the second-largest supplier, Norway (X tons), fivefold. Japan (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea stood at +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-5.7% per year) and Japan (+2.8% per year).

In value terms, Norway ($X) constituted the largest supplier of dried or smoked fish to Indonesia, comprising 41% of total imports. The second position in the ranking was held by South Korea ($X), with a 17% share of total imports. It was followed by New Zealand, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Norway amounted to -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-3.0% per year) and New Zealand (+40.1% per year).

Import Prices by Country

In 2021, the average dried or smoked fish import price amounted to $X per ton, which is down by -19.4% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2019 when the average import price increased by 64%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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