Indonesia: Preserved Tuna Market 2024

Preserved Tuna Market Size in Indonesia

The Indonesian preserved tuna market reached $X in 2021, increasing by 14% against the previous year. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Preserved Tuna Production in Indonesia

In value terms, preserved tuna production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 19%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Tuna Exports

Exports from Indonesia

In 2021, overseas shipments of tuna (prepared or preserved) decreased by -20.5% to X tons, falling for the second year in a row after three years of growth. Overall, exports saw a slight contraction. The growth pace was the most rapid in 2019 with an increase of 16% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, preserved tuna exports fell significantly to $X in 2021. In general, exports showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 29%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), the United States (X tons) and Thailand (X tons) were the main destinations of preserved tuna exports from Indonesia, with a combined 51% share of total exports. These countries were followed by Japan, Australia, the UK, Kuwait, Jordan, Yemen, Spain, Canada and Germany, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +20.2%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United States ($X) and Japan ($X) appeared to be the largest markets for preserved tuna exported from Indonesia worldwide, with a combined 51% share of total exports. Thailand, Australia, the UK, Kuwait, Jordan, Spain, Yemen, Canada and Germany lagged somewhat behind, together accounting for a further 38%.

Canada, with a CAGR of +16.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved tuna export price stood at $X per ton in 2021, increasing by 2.4% against the previous year. In general, the export price, however, recorded a mild slump. The pace of growth was the most pronounced in 2017 an increase of 15%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Canada ($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 Germany (+0.6%), while the prices for the other major destinations experienced a decline.

Preserved Tuna Imports

Imports into Indonesia

In 2021, imports of tuna (prepared or preserved) into Indonesia shrank remarkably to X tons, with a decrease of -52.8% compared with the previous year's figure. Overall, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 254%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved tuna imports reduced dramatically to $X in 2021. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 189% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of preserved tuna to Indonesia, with a 72% share of total imports. Moreover, preserved tuna imports from Thailand exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at -11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (0.0% per year) and South Korea (-11.6% per year).

In value terms, Thailand ($X) constituted the largest supplier of tuna (prepared or preserved) to Indonesia, comprising 86% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from Thailand totaled -9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-7.4% per year) and the United Arab Emirates (0.0% per year).

Import Prices by Country

In 2021, the average preserved tuna import price amounted to $X per ton, with an increase of 28% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 30% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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