Indonesia: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Indonesia

In 2021, after two years of decline, there was significant growth in the Indonesian fish meals and pellet market, when its value increased by 20% to $X. In general, consumption recorded a prominent increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish in Indonesia

In value terms, fish meals and pellet production expanded rapidly to $X in 2021 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.2% 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 decreased by -6.3% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 32%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports from Indonesia

In 2021, after three years of growth, there was significant decline in overseas shipments of flours, meals and pellets of fish, when their volume decreased by -10.1% to X tons. In general, exports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2014 when exports increased by 71% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, fish meals and pellet exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by 94%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Japan (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) were the main destinations of fish meals and pellet exports from Indonesia, together comprising 74% of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +43.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for flours, meals and pellets of fish exports from Indonesia, comprising 37% of total exports. The second position in the ranking was held by Japan ($X), with a 15% share of total exports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +44.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-3.1% per year) and South Korea (+8.5% per year).

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2021, rising by 53% against the previous year. In general, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 56% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Malaysia ($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 Russia (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish

Imports into Indonesia

In 2021, approx. X tons of flours, meals and pellets of fish were imported into Indonesia; falling by -39.8% compared with 2020 figures. Overall, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 160% against the previous year. As a result, imports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, fish meals and pellet imports fell rapidly to $X in 2021. In general, imports, however, saw strong growth. The growth pace was the most rapid in 2020 when imports increased by 253% against the previous year. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

In 2021, Norway (X tons) constituted the largest fish meals and pellet supplier to Indonesia, with a 89% share of total imports. Moreover, fish meals and pellet imports from Norway exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was taken by France (X kg), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume from Norway totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.6% per year) and France (+51.0% per year).

In value terms, Norway ($X) constituted the largest supplier of flours, meals and pellets of fish to Indonesia, comprising 88% of total imports. The second position in the ranking was taken by Japan ($X), with a 6.5% share of total imports. It was followed by France, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from Norway totaled +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.6% per year) and France (+39.9% per year).

Import Prices by Country

In 2021, the average fish meals and pellet import price amounted to $X per ton, picking up by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 36%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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