Indonesia - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Indonesia - 2022
Contents:
- Frozen Crustaceans Price in Indonesia (FOB) - 2022
- Frozen Crustaceans Price in Indonesia (CIF) - 2022
- Frozen Crustaceans Exports in Indonesia
- Frozen Crustaceans Imports in Indonesia
Frozen Crustaceans Price in Indonesia (FOB) - 2022
In March 2022, the average frozen crustaceans export price amounted to $9,533 per ton, remaining stable against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2021 an increase of 3.3% against the previous month. Over the period under review, the average export prices reached the peak figure at $9,846 per ton in November 2021; however, from December 2021 to March 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($12,570 per ton), while the average price for exports to Malaysia ($4,932 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Crustaceans Price in Indonesia (CIF) - 2022
In March 2022, the average frozen crustaceans import price amounted to $6,288 per ton, declining by -2.7% against the previous month. Over the period under review, the import price saw a mild setback. The most prominent rate of growth was recorded in August 2021 an increase of 79% against the previous month. As a result, import price reached the peak level of $14,007 per ton. From September 2021 to March 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was China ($9,349 per ton), while the price for South Korea ($1,780 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Crustaceans Exports in Indonesia
In 2022, after three years of growth, there was decline in overseas shipments of frozen crustaceans, when their volume decreased by -2.6% to 165K tons. The total export volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 9.2% against the previous year.
In value terms, frozen crustaceans exports shrank to $1.5B in 2022. The total export value increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 9.7% against the previous year.
Export of Frozen Crustaceans in Indonesia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 866 | 1,019 | 1,123 | 941 | 2.8% |
Japan | 273 | 257 | 278 | 305 | 3.8% |
China | 53.4 | 61.3 | 29.6 | 97.4 | 22.2% |
Taiwan (Chinese) | 14.0 | 12.7 | 14.7 | 23.6 | 19.0% |
Malaysia | 9.5 | 7.0 | 8.0 | 17.2 | 21.9% |
Others | 92.4 | 78.3 | 99.7 | 114 | 7.3% |
Total | 1,308 | 1,435 | 1,553 | 1,498 | 4.6% |
Top Export Markets for Frozen Crustaceans from Indonesia in 2022:
- United States (101.8K tons)
- Japan (27.4K tons)
- China (17.5K tons)
- Malaysia (3.5K tons)
- Taiwan (Chinese) (2.8K tons)
Frozen Crustaceans Imports in Indonesia
In 2022, frozen crustaceans imports into Indonesia expanded rapidly to 14K tons, surging by 12% compared with the previous year's figure. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, frozen crustaceans imports soared to $135M in 2022. In general, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Frozen Crustaceans in Indonesia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 30.8 | 8.8 | 17.0 | 42.6 | 11.4% |
Argentina | 14.2 | 13.7 | 25.7 | 19.5 | 11.2% |
Tunisia | 2.3 | 2.4 | 16.2 | 14.2 | 83.5% |
United States | 14.2 | 21.5 | 14.3 | 11.7 | -6.3% |
Russia | 2.6 | 0.5 | 1.0 | 11.3 | 63.2% |
China | 5.5 | 7.4 | 6.6 | 8.2 | 14.2% |
Uruguay | 1.7 | 1.2 | 1.2 | 6.7 | 58.0% |
Bahrain | N/A | 0.7 | 2.7 | 3.5 | 123.6% |
Japan | 1.8 | 1.9 | 1.6 | 3.3 | 22.4% |
Namibia | N/A | N/A | 1.5 | 3.0 | 100.0% |
Chile | 3.9 | 2.0 | 1.9 | 2.4 | -14.9% |
South Korea | 0.1 | 1.0 | 0.5 | 1.1 | 122.4% |
Greenland | 0.3 | 0.1 | 0.1 | 0.9 | 44.2% |
Others | 5.6 | 9.2 | 6.2 | 6.5 | 5.1% |
Total | 83.1 | 70.4 | 96.5 | 135 | 17.6% |
Top Suppliers of Frozen Crustaceans to Indonesia in 2022:
- Tunisia (2774.6 tons)
- Canada (2240.6 tons)
- Argentina (2167.3 tons)
- United States (953.5 tons)
- China (923.7 tons)
- Russia (921.2 tons)
- Bahrain (729.3 tons)
- Uruguay (615.9 tons)
- South Korea (599.8 tons)
- Japan (471.1 tons)
- Namibia (309.2 tons)
- Chile (296.8 tons)
- Greenland (247.3 tons)
This report provides an in-depth analysis of the frozen crustaceans market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
- Indonesia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Indonesia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.
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Explore the top import markets for frozen crustaceans, including the United States, China, and Japan. Find key statistics and insights on the global market for these delectable seafood delicacies.
This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.