Indonesia: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Indonesia

In 2021, after nine years of growth, there was decline in the Indonesian battered fish fillet market, when its value decreased by -0.7% to $X. The market value increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Battered Fish Fillet Production in Indonesia

In value terms, battered fish fillet production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 11%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Battered Fish Fillet Exports

Exports from Indonesia

In 2021, overseas shipments of fish fillets in batter or breadcrumbs decreased by -31.6% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 646% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports dropped to $X in 2021. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 926%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Japan (X tons) and Singapore (X tons) were the main destinations of battered fish fillet exports from Indonesia, with a combined 88% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +60.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United Arab Emirates ($X) and the United States ($X) were the largest markets for battered fish fillet exported from Indonesia worldwide, together comprising 91% of total exports. Singapore and Thailand lagged somewhat behind, together accounting for a further 9.2%.

Singapore, with a CAGR of +43.6%, recorded the highest growth rate of 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 battered fish fillet export price stood at $X per ton in 2021, with an increase of 31% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 60% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Singapore ($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 Thailand (+34.6%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into Indonesia

In 2021, overseas purchases of fish fillets in batter or breadcrumbs increased by 72% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 5,023% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, battered fish fillet imports skyrocketed to $X in 2021. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 5,706%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Singapore (X tons) was the main battered fish fillet supplier to Indonesia, accounting for a 91% share of total imports. Moreover, battered fish fillet imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Singapore was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.2% per year) and Vietnam (+97.9% per year).

In value terms, Singapore ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Indonesia, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 4.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Singapore totaled -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.2% per year) and Vietnam (+82.7% per year).

Import Prices by Country

The average battered fish fillet import price stood at $X per ton in 2021, declining by -2.2% against the previous year. In general, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, battered fish fillet import price increased by +35.1% against 2018 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 68% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Singapore ($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 (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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