Indonesia: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in Indonesia

The Indonesian frozen salmonoids market amounted to $X in 2020, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a precipitous slump. Frozen salmonoids consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Frozen Salmonoids Exports

Exports from Indonesia

In 2020, shipments abroad of frozen salmonoids decreased by -X% to X tons, falling for the sixth year in a row after three years of growth. Overall, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. As a result, exports reached the peak of X tons. from 2015 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, frozen salmonoids exports plummeted to $X in 2020. Over the period under review, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2015 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for frozen salmonoids exports from Indonesia, accounting for a X% share of total exports. Moreover, frozen salmonoids exports to China exceeded the volume sent to the second major destination, South Africa (X tons), threefold. The Philippines (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to China stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-X% per year) and the Philippines (+X% per year).

In value terms, the largest markets for frozen salmonoids exported from Indonesia were China ($X), the Philippines ($X) and the Dominican Republic ($X), with a combined X% share of total exports.

Among the main countries of destination, the Philippines recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average frozen salmonoids export price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Salmonoids Imports

Imports into Indonesia

In 2020, approx. X tons of frozen salmonoids were imported into Indonesia; with an increase of X% on the previous year's figure. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, imports reached the peak of X tons. from 2015 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, frozen salmonoids imports surged to $X in 2020. In general, imports enjoyed a strong expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2015 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Pakistan (X tons) constituted the largest supplier of frozen salmonoids to Indonesia, with a X% share of total imports. Moreover, frozen salmonoids imports from Pakistan exceeded the figures recorded by the second-largest supplier, the U.S. (X tons), twofold. Norway (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Pakistan stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Norway (+X% per year).

In value terms, the largest frozen salmonoids suppliers to Indonesia were Pakistan ($X), Norway ($X) and the U.S. ($X), with a combined X% share of total imports.

Among the main suppliers, Norway saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average frozen salmonoids import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price enjoyed a moderate expansion. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2010; however, from 2011 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Norway ($X per ton), while the price for the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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