Indonesia: Frozen Eels Market 2022

Frozen Eels Market Size in Indonesia

In 2020, the Indonesian frozen eels market decreased by -X% to $X, falling for the second consecutive year after three years of growth. In general, consumption recorded a deep slump. The pace of growth appeared the most rapid in 2016 when the market value increased by X% y-o-y. Frozen eels consumption peaked at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Frozen Eels Production in Indonesia

In value terms, frozen eels production reduced slightly to $X in 2020 estimated in export prices. Overall, the total production indicated a modest increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2016 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2020, production remained at a lower figure.

Frozen Eels Exports

Exports from Indonesia

In 2020, overseas shipments of frozen eels increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports recorded prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, frozen eels exports totaled $X in 2020. Overall, exports showed a strong increase. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2017 to 2020, the growth exports failed to regain the momentum.

Exports by Country

China (X tons) was the main destination for frozen eels exports from Indonesia, with a X% share of total exports. Moreover, frozen eels exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to China amounted to +X%.

In value terms, China ($X) emerged as the key foreign market for frozen eels exports from Indonesia, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to China totaled +X%.

Export Prices by Country

The average frozen eels export price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, the export price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2016 an increase of X% y-o-y. As a result, export price reached the peak level of $X per ton. from 2017 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied somewhat for the major export markets. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR.

Frozen Eels Imports

Imports into Indonesia

After two years of growth, purchases abroad of frozen eels decreased by -X% to X tons in 2020. Over the period under review, imports, however, showed a noticeable expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2019, and then fell markedly in the following year.

In value terms, frozen eels imports surged to $X in 2020. In general, imports, however, continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, China (X tons) was the main supplier of frozen eels to Indonesia, with a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of frozen eels to Indonesia.

From 2007 to 2020, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

The average frozen eels import price stood at $X per ton in 2020, with an increase of X% against the previous year. In general, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2018 to 2020, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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