Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Indonesia - 2022
Contents:
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Indonesia (FOB) - 2022
- Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Indonesia (CIF) - 2022
- Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Indonesia
- Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Indonesia
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Indonesia (FOB) - 2022
In March 2022, the average export price for edible products of animal origin; not elsewhere specified or includeds amounted to $471K per ton, waning by -14.7% against the previous month. Overall, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in October 2021 when the average export price increased by 96% against the previous month. The export price peaked at $702K per ton in January 2022; however, from February 2022 to March 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($1.4M per ton), while the average price for exports to Malaysia ($32,632 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 Vietnam (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Edible Products of Animal Origin; Not Elsewhere Specified or Included in Indonesia (CIF) - 2022
The average import price for edible products of animal origin; not elsewhere specified or includeds stood at $16,826 per ton in 2022, picking up by 55% against the previous year. Overall, the import price, however, recorded a slight slump. Over the period under review, average import prices hit record highs at $40,061 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 France ($97,606 per ton), while the price for the United States ($6,667 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Indonesia
For the fourth year in a row, Indonesia recorded growth in shipments abroad of edible products of animal origin; not elsewhere specified or includeds, which increased by 28% to 1.4K tons in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of edible products of animal origin; not elsewhere specified or includeds rose remarkably to $591M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 48%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 219 | 417 | 351 | 387 | 20.9% |
| Hong Kong SAR | 86.4 | 79.2 | 93.5 | 83.9 | -1.0% |
| Vietnam | 10.7 | 1.2 | 4.1 | 65.6 | 83.0% |
| United States | 12.9 | 16.1 | 26.7 | 23.5 | 22.1% |
| Singapore | 30.8 | 18.5 | 29.4 | 19.9 | -13.5% |
| Malaysia | 0.3 | 1.4 | 2.7 | 3.0 | 115.4% |
| Others | 4.0 | 7.5 | 10.6 | 7.3 | 22.2% |
| Total | 364 | 541 | 518 | 591 | 17.5% |
Top Export Markets for Edible Products of Animal Origin; Not Elsewhere Specified or Included from Indonesia in 2022:
- Hong Kong SAR (734.8 tons)
- China (290.0 tons)
- Vietnam (237.3 tons)
- Malaysia (46.5 tons)
- Singapore (45.2 tons)
- United States (31.0 tons)
Imports of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Indonesia
After three years of growth, purchases abroad of edible products of animal origin; not elsewhere specified or includeds decreased by -37% to 15 tons in 2022. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 379% against the previous year.
In value terms, imports of edible products of animal origin; not elsewhere specified or includeds fell modestly to $261K in 2022. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 175% against the previous year. As a result, imports attained the peak of $474K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Edible Products of Animal Origin; Not Elsewhere Specified or Included in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 148 | 396 | 62.2 | 230 | 15.8% |
| Thailand | N/A | 44.7 | 97.4 | 8.9 | -55.4% |
| Malaysia | 23.9 | 9.5 | 0.4 | 2.9 | -50.5% |
| Japan | N/A | 1.9 | 3.2 | 2.7 | 19.2% |
| United States | N/A | 9.5 | 93.2 | N/A | 881.1% |
| Others | 0.6 | 12.9 | 9.8 | 16.1 | 199.4% |
| Total | 173 | 474 | 266 | 261 | 14.7% |
Top Suppliers of Edible Products of Animal Origin; Not Elsewhere Specified or Included to Indonesia in 2022:
- China (14.1 tons)
- Thailand (0.7 tons)
- Japan (0.4 tons)
- Malaysia (0.2 tons)
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