Indonesia: Frozen Fish Fillet Market 2025

Frozen Fish Fillet Market Size in Indonesia

The Indonesian frozen fish fillet market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption posted a tangible expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Fish Fillet Production in Indonesia

In value terms, frozen fish fillet production dropped slightly to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 41%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Frozen Fish Fillet Exports

Exports from Indonesia

In 2022, after four years of growth, there was significant decline in overseas shipments of frozen fish fillet, when their volume decreased by -30.9% to X tons. In general, exports, however, saw perceptible growth. The pace of growth appeared the most rapid in 2018 when exports increased by 37% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank rapidly in the following year.

In value terms, frozen fish fillet exports reached $X in 2022. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 42% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for frozen fish fillet exports from Indonesia, with a 39% share of total exports. Moreover, frozen fish fillet exports to the United States exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+25.2% per year) and Japan (+4.1% per year).

In value terms, the United States ($X) remains the key foreign market for frozen fish fillet exports from Indonesia, comprising 51% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports. It was followed by Japan, with a 9% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+28.9% per year) and Japan (+13.1% per year).

Export Prices by Country

In 2022, the average frozen fish fillet export price amounted to $X per ton, rising by 59% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Taiwan (Chinese) (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports into Indonesia

In 2022, after two years of growth, there was significant decline in purchases abroad of frozen fish fillet, when their volume decreased by -29.7% to X tons. In general, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 274% against the previous year. As a result, imports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, frozen fish fillet imports surged to $X in 2022. Overall, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 169% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of frozen fish fillet to Indonesia, with a 58% share of total imports. Moreover, frozen fish fillet imports from Canada exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. The third position in this ranking was held by China (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada amounted to +169.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-7.2% per year) and China (+21.6% per year).

In value terms, the largest frozen fish fillet suppliers to Indonesia were Canada ($X), the United States ($X) and China ($X), with a combined 77% share of total imports.

Canada, with a CAGR of +127.8%, recorded the highest growth rate of 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 2022, the average frozen fish fillet import price amounted to $X per ton, surging by 105% against the previous year. Over the period under review, the import price showed buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Chile ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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