Indonesia: Meat Dishes Market 2024

Meat Dishes Market Size in Indonesia

The Indonesian meat dishes market contracted to $X in 2022, falling by -5.4% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Meat Dishes Production in Indonesia

In value terms, meat dishes production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 38% against the previous year. Meat dishes production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Meat Dishes Exports

Exports from Indonesia

After five years of growth, overseas shipments of meat dishes decreased by -42.1% to X tons in 2022. In general, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 73% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then plummeted in the following year.

In value terms, meat dishes exports dropped significantly to $X in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 224%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell notably in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for meat dishes exports from Indonesia, accounting for a 49% share of total exports. Moreover, meat dishes exports to Hong Kong SAR exceeded the volume sent to the second major destination, Timor-Leste (X tons), threefold. The third position in this ranking was taken by Papua New Guinea (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR totaled +80.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (+4.8% per year) and Papua New Guinea (+276.7% per year).

In value terms, the largest markets for meat dishes exported from Indonesia were Hong Kong SAR ($X), Papua New Guinea ($X) and Timor-Leste ($X), with a combined 67% share of total exports.

In terms of the main countries of destination, Papua New Guinea, with a CAGR of +296.4%, saw 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

The average meat dishes export price stood at $X per ton in 2022, with an increase of 16% against the previous year. Overall, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 159% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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 Saudi Arabia ($X per ton), while the average price for exports to Hong Kong SAR ($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 Myanmar (+48.7%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Dishes Imports

Imports into Indonesia

In 2022, the amount of meat dishes imported into Indonesia soared to X tons, rising by 89% on 2021 figures. In general, imports showed a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by 96%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, meat dishes imports reached $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +10.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by 68%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of meat dishes to Indonesia, with a 73% share of total imports. Moreover, meat dishes imports from Australia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.9% per year) and the United States (+28.8% per year).

In value terms, Australia ($X) constituted the largest supplier of meat dishes to Indonesia, comprising 80% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Australia amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.1% per year) and the United States (+25.0% per year).

Import Prices by Country

In 2022, the average meat dishes import price amounted to $X per ton, with a decrease of -47% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 72%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then dropped dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+23.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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