Indonesia: Market for Fresh Or Chilled Salmonoids Fillets 2025

Market Size for Fresh Or Chilled Salmonoids Fillets in Indonesia

The Indonesian market for fresh or chilled salmonoids fillets rose modestly to $X in 2022, growing by 2.8% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Fresh Or Chilled Salmonoids Fillets in Indonesia

In value terms, fresh or chilled salmonoids fillets production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.1% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 68% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports from Indonesia

In 2022, shipments abroad of fresh or chilled salmonoids fillets increased by 418% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2015 when exports increased by 967% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets exports surged to $X in 2022. In general, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2015 when exports increased by 531% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for fresh or chilled salmonoids fillets exports from Indonesia, accounting for a 85% share of total exports. Moreover, fresh or chilled salmonoids fillets exports to Hong Kong SAR exceeded the volume sent to the second major destination, Malaysia (X kg), more than tenfold. The third position in this ranking was held by Taiwan (Chinese) (X kg), with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR totaled +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-34.0% per year) and Taiwan (Chinese) (+11.7% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for fresh or chilled salmonoids fillets exports from Indonesia, comprising 81% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2.8% share of total exports. It was followed by Malaysia, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+10.5% per year) and Malaysia (-37.8% per year).

Export Prices by Country

In 2022, the average export price for fresh or chilled salmonoids fillets amounted to $X per ton, reducing by -23.1% against the previous year. Over the period under review, the export price saw a mild contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 34%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+15.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fresh Or Chilled Salmonoids Fillets

Imports into Indonesia

Fresh or chilled salmonoids fillets imports into Indonesia declined significantly to X tons in 2022, falling by -42.5% against 2021 figures. Overall, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 533% against the previous year. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, fresh or chilled salmonoids fillets imports fell remarkably to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 608% against the previous year. As a result, imports reached the peak of $X, and then declined notably in the following year.

Imports by Country

In 2022, Singapore (X tons) constituted the largest fresh or chilled salmonoids fillets supplier to Indonesia, accounting for a 82% share of total imports. Moreover, fresh or chilled salmonoids fillets imports from Singapore exceeded the figures recorded by the second-largest supplier, Malaysia (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore totaled +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-6.3% per year) and Australia (-18.6% per year).

In value terms, Singapore ($X) constituted the largest supplier of fresh or chilled salmonoids fillets to Indonesia, comprising 91% of total imports. The second position in the ranking was held by Australia ($X), with a 3.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-25.2% per year) and Malaysia (-12.4% per year).

Import Prices by Country

In 2022, the average import price for fresh or chilled salmonoids fillets amounted to $X per ton, leveling off at the previous year. Overall, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 33%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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