Indonesia: Overview of the Market for Fish Fats And Oils 2021

Market Size for Fish Fats And Oils in Indonesia

In 2019, after two years of growth, there was significant decline in the Indonesian fish fat and oil market, when its value decreased by -X% to $X. Over the period under review, the total consumption indicated resilient growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2018, and then fell rapidly in the following year.

Production of Fish Fats And Oils in Indonesia

In value terms, fish fat and oil production contracted rapidly to $X in 2019 estimated in export prices. Overall, production recorded a prominent increase. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports from Indonesia

For the third consecutive year, Indonesia recorded decline in overseas shipments of fish fats and oils, which decreased by -X% to X tonnes in 2019. Overall, exports showed a drastic downturn. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Exports peaked at X tonnes in 2009; however, from 2010 to 2019, exports stood at a somewhat lower figure.

In value terms, fish fat and oil exports contracted dramatically to $X in 2019. In general, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tonnes) was the main destination for fish fat and oil exports from Indonesia, accounting for a X% share of total exports. Moreover, fish fat and oil exports to Malaysia exceeded the volume sent to the second major destination, Japan (X tonnes), sevenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Malaysia amounted to +X%.

In value terms, Malaysia ($X) and Japan ($X) constituted the largest markets for fish fat and oil exported from Indonesia worldwide.

In terms of the main countries of destination, Malaysia saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average fish fat and oil export price stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while the average price for exports to Malaysia stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Japan.

Imports of Fish Fats And Oils

Imports into Indonesia

For the fourth consecutive year, Indonesia recorded growth in supplies from abroad of fish fats and oils, which increased by X% to X tonnes in 2019. Over the period under review, imports posted a prominent increase. The pace of growth was the most pronounced in 2009 when imports increased by X% against the previous year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, fish fat and oil imports fell to $X in 2019. Overall, imports enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2018, and then fell in the following year.

Imports by Country

In 2019, Chile (X tonnes) constituted the largest supplier of fish fat and oil to Indonesia, with a X% share of total imports. Moreover, fish fat and oil imports from Chile exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), fourfold. The third position in this ranking was occupied by Norway (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Chile amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Norway (+X% per year).

In value terms, Chile ($X) constituted the largest supplier of fish fat and oil to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by Norway, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Chile stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and Norway (+X% per year).

Import Prices by Country

In 2019, the average fish fat and oil import price amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2010 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2008; however, from 2009 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while the price for Norway ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the world?

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The country with the largest volume of fish fat and oil consumption was China (659K tonnes), comprising approx. 15% of total volume. Moreover, fish fat and oil consumption in China exceeded the figures recorded by the second-largest consumer, Norway (327K tonnes), twofold. The third position in this ranking was occupied by the U.S. (302K tonnes), with a 6.9% share.

What are the largest producers of fish fats and oils in the world?

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The countries with the highest volumes of fish fat and oil production in 2019 were China (634K tonnes), the U.S. (369K tonnes) and India (272K tonnes), together accounting for 29% of global production. These countries were followed by Norway, Peru, Japan, Russia, Brazil, Mexico, Pakistan, Bangladesh, Indonesia and Nigeria, which together accounted for a further 29%.

What are the leading suppliers of fish fats and oils to Indonesia?

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In value terms, Chile ($8.9M) constituted the largest supplier of fish fat and oil to Indonesia, comprising 44% of total imports. The second position in the ranking was occupied by Australia ($2.5M), with a 12% share of total imports. It was followed by Norway, with a 6.4% share.

What are the leading importers of fish fats and oils from Indonesia?

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In value terms, the largest markets for fish fat and oil exported from Indonesia were Malaysia ($178K) and Japan ($163K).

What is the average export price for fish fats and oils in Indonesia?

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In 2019, the average fish fat and oil export price amounted to $2,115 per tonne, shrinking by -21.8% against the previous year.

What is the average import price for fish fats and oils in Indonesia?

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In 2019, the average fish fat and oil import price amounted to $1,517 per tonne, with a decrease of -16.4% against the previous year.