Indonesia: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in Indonesia

The Indonesian preserved fish fillet market totaled $X in 2021, rising by 8.1% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +8.3% against 2018 indices. Preserved fish fillet consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Preserved Fish Fillet Production in Indonesia

In value terms, preserved fish fillet production reduced modestly to $X in 2021 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +6.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 69%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Preserved Fish Fillet Exports

Exports from Indonesia

After two years of growth, shipments abroad of fish fillets (dried, salted or in brine, but not smoked) decreased by -62.2% to X tons in 2021. Over the period under review, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2019 when exports increased by 319%. Over the period under review, the exports hit record highs at X tons in 2020, and then shrank rapidly in the following year.

In value terms, preserved fish fillet exports dropped significantly to $X in 2021. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 156% against the previous year. The exports peaked at $X in 2020, and then reduced sharply in the following year.

Exports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and Sri Lanka (X tons) were the main destinations of preserved fish fillet exports from Indonesia, together accounting for 69% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +118.9%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for fish fillets (dried, salted or in brine, but not smoked) exports from Indonesia, comprising 42% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled +108.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.6% per year) and South Korea (+18.1% per year).

Export Prices by Country

In 2021, the average preserved fish fillet export price amounted to $X per ton, surging by 25% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 63% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 China (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Fish Fillet Imports

Imports into Indonesia

For the fourth consecutive year, Indonesia recorded growth in purchases abroad of fish fillets (dried, salted or in brine, but not smoked), which increased by 243% to X tons in 2021. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 851%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, preserved fish fillet imports soared to $X in 2021. In general, imports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 269%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Malaysia (X tons) was the main preserved fish fillet supplier to Indonesia, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia stood at +80.2%.

In value terms, Malaysia ($X) constituted the largest supplier of fish fillets (dried, salted or in brine, but not smoked) to Indonesia.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia amounted to +64.8%.

Import Prices by Country

The average preserved fish fillet import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 20%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Malaysia.

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to -8.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :