Indonesia: Preserved Salmon Market 2024

Preserved Salmon Market Size in Indonesia

The Indonesian preserved salmon market dropped to $X in 2023, which is down by X% against the previous year. Over the period under review, the total consumption indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Preserved salmon consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Preserved Salmon Production in Indonesia

In value terms, preserved salmon production contracted modestly to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed a pronounced expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Preserved Salmon Exports

Exports from Indonesia

In 2023, overseas shipments of salmon (prepared or preserved) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, preserved salmon exports fell significantly to $X in 2023. Overall, exports, however, continue to indicate a tangible expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for preserved salmon exports from Indonesia, with a X% share of total exports. It was followed by Japan (X tons), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States totaled X%.

In value terms, the United States ($X) remains the key foreign market for salmon (prepared or preserved) exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States amounted to X%.

Export Prices by Country

In 2023, the average preserved salmon export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Salmon Imports

Imports into Indonesia

In 2023, approx. X tons of salmon (prepared or preserved) were imported into Indonesia; declining by X% on 2022. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, preserved salmon imports fell slightly to $X in 2023. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Australia (X tons) and Japan (X kg) were the main suppliers of preserved salmon imports to Indonesia.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced a decline.

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

From 2012 to 2023, the average annual rate of growth in terms of value from Sweden totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Japan (X% per year).

Import Prices by Country

The average preserved salmon import price stood at $X per ton in 2023, approximately equating the previous year. Over the period under review, the import price, however, showed a slight downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform