Indonesia: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Indonesia

The Indonesian market for fresh or chilled pig meat other than cuts or carcases stood at $X in 2022, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.5% against 2019 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Indonesia

In value terms, production of fresh or chilled pig meat other than cuts or carcases stood at $X in 2022 estimated in export price. Over the period under review, production recorded strong growth. The growth pace was the most rapid in 2013 when the production volume increased by 50% against the previous year. Over the period under review, production of attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports from Indonesia

In 2022, approx. X kg of fresh or chilled pig meat other than cuts or carcases were exported from Indonesia; shrinking by -7.1% compared with 2021 figures. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 100%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases amounted to $X in 2022. Overall, exports saw a abrupt downturn. The growth pace was the most rapid in 2015 when exports increased by 199% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Vietnam (X kg), Malaysia (X kg) and Singapore (X kg) were the main destinations of exports of fresh or chilled pig meat other than cuts or carcases from Indonesia.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +29.9%), while shipments for the other leaders experienced a decline.

In value terms, Malaysia ($X) remains the key foreign market for fresh or chilled pig meat other than cuts or carcases exports from Indonesia, comprising 94% of total exports. The second position in the ranking was held by Vietnam ($X), with a 5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-32.4% per year) and Singapore (-41.3% per year).

Export Prices by Country

In 2022, the average export price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, increasing by 7.7% against the previous year. Overall, the export price posted moderate growth. The growth pace was the most rapid in 2015 when the average export price increased by 204%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the 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 Malaysia ($X per ton), while the average price for exports to Singapore ($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 Malaysia (-4.7%), while the prices for the other major destinations experienced a decline.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports into Indonesia

Imports of fresh or chilled pig meat other than cuts or carcases into Indonesia reduced remarkably to X tons in 2022, with a decrease of -71.1% compared with 2021. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 198,954%. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases rose sharply to $X in 2022. Overall, imports, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 124,907% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Malaysia (X tons), Singapore (X tons) and the United States (X tons) were the main suppliers of imports of fresh or chilled pig meat other than cuts or carcases to Indonesia, together accounting for 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +23.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X) constituted the largest supplier of fresh or chilled pig meat other than cuts or carcases to Indonesia, comprising 85% of total imports. The second position in the ranking was held by the United States ($X), with a 6.8% share of total imports. It was followed by Malaysia, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled +41.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-18.4% per year) and Malaysia (+23.3% per year).

Import Prices by Country

In 2022, the average import price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, increasing by 293% against the previous year. Overall, the import price posted a strong expansion. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Singapore ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+1,090.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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