Indonesia: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in Indonesia

For the third consecutive year, the Indonesian frozen skipjack tuna market recorded growth in sales value, which increased by X% to $X in 2020. Overall, consumption posted slight growth. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level in 2020 and is likely to continue growth in the near future.

Frozen Skipjack Tuna Production in Indonesia

In value terms, frozen skipjack tuna production contracted modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. Frozen skipjack tuna production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Frozen Skipjack Tuna Exports

Exports from Indonesia

In 2020, the amount of frozen skipjack tuna exported from Indonesia expanded significantly to X tons, surging by X% compared with the year before. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. As a result, exports attained the peak of X tons. from 2018 to 2020, the growth exports remained at a lower figure.

In value terms, frozen skipjack tuna exports stood at $X in 2020. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2018 to 2020, the growth exports remained at a lower figure.

Exports by Country

Thailand (X tons), Japan (X tons) and Mauritius (X tons) were the main destinations of frozen skipjack tuna exports from Indonesia, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Japan ($X) and Mauritius ($X) were the largest markets for frozen skipjack tuna exported from Indonesia worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Mauritius 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 2020, the average frozen skipjack tuna export price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, export price indicated a modest increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen skipjack tuna export price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Average prices varied noticeably for the major foreign markets. In 2020, the highest prices were recorded for prices to the Philippines ($X per ton) and Mauritius ($X per ton), while the average price for exports to Thailand ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Skipjack Tuna Imports

Imports into Indonesia

For the fifth year in a row, Indonesia recorded growth in purchases abroad of frozen skipjack tuna, which increased by X% to X tons in 2020. Overall, imports saw a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are likely to see gradual growth in the immediate term.

In value terms, frozen skipjack tuna imports skyrocketed to $X in 2020. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, Seychelles (X tons) constituted the largest supplier of frozen skipjack tuna to Indonesia, accounting for a X% share of total imports. Moreover, frozen skipjack tuna imports from Seychelles exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was occupied by Marshall Islands (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Seychelles stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Marshall Islands (+X% per year).

In value terms, Seychelles ($X) constituted the largest supplier of frozen skipjack tuna to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Marshall Islands, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Seychelles totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Marshall Islands (+X% per year).

Import Prices by Country

In 2020, the average frozen skipjack tuna import price amounted to $X per ton, waning by -X% against the previous year. In general, import price indicated temperate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen skipjack tuna import price decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were China ($X per ton) and Vanuatu ($X per ton), while the price for South Korea ($X per ton) and Marshall Islands ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vanuatu, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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