Indonesia: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Indonesia

In 2022, the Indonesian seafood meals and pellets market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a slight decline. Seafood meals and pellets consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Indonesia

In value terms, seafood meals and pellets production fell to $X in 2022 estimated in export price. In general, production, however, posted a prominent increase. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Indonesia

In 2022, the amount of flours, meals and pellets of fish or of crustaceans and molluscs exported from Indonesia soared to X tons, increasing by X% on 2021. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, seafood meals and pellets exports surged to $X in 2022. Overall, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for seafood meals and pellets exports from Indonesia, accounting for a X% share of total exports. Moreover, seafood meals and pellets exports to Japan exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. Bangladesh (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Bangladesh (X% per year).

In value terms, Japan ($X), Vietnam ($X) and Bangladesh ($X) appeared to be the largest markets for seafood meals and pellets exported from Indonesia worldwide, together comprising X% of total exports. Thailand and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Thailand, with a CAGR of X%, saw 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 2022, the average seafood meals and pellets export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 Vietnam ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Indonesia

In 2022, imports of flours, meals and pellets of fish or of crustaceans and molluscs into Indonesia amounted to X tons, with an increase of X% on 2021 figures. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, seafood meals and pellets imports contracted to $X in 2022. In general, imports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest seafood meals and pellets supplier to Indonesia, accounting for a X% share of total imports. Moreover, seafood meals and pellets imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and South Korea (X% per year).

In value terms, South Korea ($X), the Netherlands ($X) and Denmark ($X) were the largest seafood meals and pellets suppliers to Indonesia, with a combined X% share of total imports. The UK, Poland, Vietnam, France, Thailand, Chile, Latvia, the United States, Peru and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Latvia, with a CAGR of X%, recorded 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

The average seafood meals and pellets import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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