Indonesia: Tilapias Market 2022

Tilapias Market Size in Indonesia

In 2021, the Indonesian tilapias market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate prominent growth. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Tilapias Production in Indonesia

In value terms, tilapias production fell to $X in 2021 estimated in export price. In general, production, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X, and then reduced in the following year.

Tilapias Exports

Exports from Indonesia

After three years of growth, shipments abroad of tilapias decreased by -X% to X tons in 2021. In general, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, tilapias exports plummeted to $X in 2021. Over the period under review, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for tilapias exports from Indonesia, accounting for a X% share of total exports. Moreover, tilapias exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and the Netherlands (-X% per year).

In value terms, the United States ($X) remains the key foreign market for tilapias exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and the Netherlands (-X% per year).

Export Prices by Country

In 2021, the average tilapias export price amounted to $X per ton, falling by -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted modestly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Tilapias Imports

Imports into Indonesia

In 2021, the amount of tilapias imported into Indonesia fell to X tons, which is down by -X% compared with the previous year. In general, imports recorded a abrupt slump. 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 tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, tilapias imports contracted dramatically to $X in 2021. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Malaysia (X tons) and Singapore (X tons) were the main suppliers of tilapias imports to Indonesia.

From 2012 to 2021, the biggest increases were in Singapore (with a CAGR of +X value terms, the largest tilapias suppliers to Indonesia were Singapore ($X) and Malaysia ($X terms of the main suppliers, Singapore, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average tilapias import price stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per ton), while the price for Malaysia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-X%).

Source: IndexBox Market Intelligence Platform

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