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

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

In 2021, after two years of growth, there was significant decline in the Indonesian seafood meals and pellets market, when its value decreased by -5.8% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Seafood meals and pellets consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Indonesia

In value terms, seafood meals and pellets production expanded notably to $X in 2021 estimated in export price. Over the period under review, production recorded a resilient increase. The growth pace was the most rapid in 2019 with an increase of 148% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Indonesia

In 2021, shipments abroad of flours, meals and pellets of fish or of crustaceans and molluscs decreased by -63.9% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports showed a noticeable contraction. The pace of growth appeared the most rapid in 2019 with an increase of 208% against the previous year. The exports peaked at X tons in 2020, and then shrank rapidly in the following year.

In value terms, seafood meals and pellets exports contracted markedly to $X in 2021. Overall, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 305% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for seafood meals and pellets exports from Indonesia, accounting for a 74% share of total exports. Moreover, seafood meals and pellets exports to Japan exceeded the volume sent to the second major destination, Bangladesh (X tons), tenfold. Vietnam (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-21.7% per year) and Vietnam (+49.8% per year).

In value terms, Japan ($X) emerged as the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from Indonesia, comprising 67% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 9.4% share of total exports. It was followed by Vietnam, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to Japan stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-19.6% per year) and Vietnam (+52.0% per year).

Export Prices by Country

The average seafood meals and pellets export price stood at $X per ton in 2021, declining by -29.6% against the previous year. Over the period under review, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2019 an increase of 31% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Thailand ($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 Bangladesh (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Indonesia

In 2021, seafood meals and pellets imports into Indonesia contracted notably to X tons, falling by -21.3% against 2020 figures. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 26% against the previous year. As a result, imports attained the peak of X tons, and then fell significantly in the following year.

In value terms, seafood meals and pellets imports fell dramatically to $X in 2021. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 50%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest seafood meals and pellets supplier to Indonesia, with a 41% share of total imports. Moreover, seafood meals and pellets imports from the Netherlands exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by Thailand (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +360.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-4.9% per year) and Thailand (+12.1% per year).

In value terms, the Netherlands ($X), South Korea ($X) and Thailand ($X) appeared to be the largest seafood meals and pellets suppliers to Indonesia, together comprising 50% of total imports.

The Netherlands, with a CAGR of +259.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average seafood meals and pellets import price amounted to $X per ton, reducing by -3.6% against the previous year. Over the period under review, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 19% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :