Indonesia: Preserved Sardines Market 2024

Preserved Sardines Market Size in Indonesia

The Indonesian preserved sardines market rose remarkably to $X in 2022, surging by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Preserved Sardines Production in Indonesia

In value terms, preserved sardines production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Preserved sardines production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Preserved Sardines Exports

Exports from Indonesia

After two years of growth, shipments abroad of sardines (prepared or preserved) decreased by X% to X tons in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, preserved sardines exports expanded modestly to $X in 2022. Over the period under review, exports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Democratic Republic of the Congo (X tons), Togo (X tons) and Ghana (X tons) were the main destinations of preserved sardines exports from Indonesia, with a combined X% share of total exports. Benin, Senegal, Timor-Leste, Congo, Cameroon, Saudi Arabia, Angola, Tanzania, Gabon and Iran lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X), Democratic Republic of the Congo ($X) and Ghana ($X) were the largest markets for preserved sardines exported from Indonesia worldwide, with a combined X% share of total exports. Benin, Senegal, Saudi Arabia, Cameroon, Congo, Angola, Timor-Leste, Tanzania, Gabon and Iran lagged somewhat behind, together comprising a further X%.

Iran, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 sardines export price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per ton) and Iran ($X per ton), while the average price for exports to Timor-Leste ($X per ton) and Democratic Republic of the Congo ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sardines Imports

Imports into Indonesia

In 2022, after two years of growth, there was significant decline in supplies from abroad of sardines (prepared or preserved), when their volume decreased by X% to X tons. Overall, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, preserved sardines imports shrank significantly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Malaysia (X tons) and China (X tons) were the main suppliers of preserved sardines imports to Indonesia.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%).

In value terms, Malaysia ($X) constituted the largest supplier of sardines (prepared or preserved) to Indonesia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia amounted to X%.

Import Prices by Country

In 2022, the average preserved sardines import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded slight growth. The pace of growth was the most pronounced in 2016 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 2020; however, from 2021 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 Malaysia ($X per ton), while the price for China stood at $X per ton.

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

Source: IndexBox Platform

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