Indonesia: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Indonesia

The Indonesian preserved mackerel market dropped to $X in 2021, with a decrease of -5% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Preserved Mackerel Production in Indonesia

In value terms, preserved mackerel production shrank to $X in 2021 estimated in export price. Over the period under review, production recorded a slight downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by 36% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Preserved Mackerel Exports

Exports from Indonesia

In 2021, exports of mackerel (prepared or preserved) from Indonesia fell markedly to X tons, dropping by -87.6% compared with 2020. Overall, exports faced a sharp decline. The pace of growth appeared the most rapid in 2018 with an increase of 371% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, preserved mackerel exports shrank dramatically to $X in 2021. In general, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2020 when exports increased by 542% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Thailand (X tons) and Japan (X tons) were the main destinations of preserved mackerel exports from Indonesia, with a combined 61% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +134.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved mackerel exported from Indonesia were China ($X), Thailand ($X) and Taiwan (Chinese) ($X), together accounting for 64% of total exports.

Among the main countries of destination, Thailand, with a CAGR of +209.5%, recorded the highest rates of growth with regard to 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 2021, the average preserved mackerel export price amounted to $X per ton, growing by 31% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 55%. The export price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Japan ($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 China (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Mackerel Imports

Imports into Indonesia

In 2021, purchases abroad of mackerel (prepared or preserved) increased by 65% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 117%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved mackerel imports soared to $X in 2021. In general, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 94%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest preserved mackerel supplier to Indonesia, with a 67% share of total imports. Moreover, preserved mackerel imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-4.6% per year) and Malaysia (-0.3% per year).

In value terms, China ($X), Singapore ($X) and Malaysia ($X) were the largest preserved mackerel suppliers to Indonesia, with a combined 99% share of total imports.

China, with a CAGR of +26.8%, 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

The average preserved mackerel import price stood at $X per ton in 2021, with an increase of 3.5% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved mackerel import price decreased by -10.6% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 68% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :