Price for Protein; Concentrates and Textured Protein Substances in Indonesia - 2022
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Indonesia (CIF) - 2022
- Price for Protein; Concentrates and Textured Protein Substances in Indonesia (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Indonesia
- Exports of Protein; Concentrates and Textured Protein Substances in Indonesia
Price for Protein; Concentrates and Textured Protein Substances in Indonesia (CIF) - 2022
In March 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $3,697 per ton, increasing by 24% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.5%. The pace of growth appeared the most rapid in November 2021 when the average import price increased by 26% month-to-month. Over the period under review, average import prices attained the peak figure in March 2022.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was the United States ($12,357 per ton), while the price for India ($1,272 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 Malaysia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Indonesia (FOB) - 2022
The average export price for protein; concentrates and textured protein substanceses stood at $5,701 per ton in 2022, rising by 11% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of 509%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($12,213 per ton), while the average price for exports to Kazakhstan ($1,116 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Indonesia
After three years of growth, supplies from abroad of protein; concentrates and textured protein substanceses decreased by -4.3% to 18K tons in 2022. The total import volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of 19K tons, and then shrank in the following year.
In value terms, imports of protein; concentrates and textured protein substanceses expanded notably to $62M in 2022. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 53% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Protein; Concentrates and Textured Protein Substances in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.2 | 23.5 | 34.8 | 36.4 | 21.7% |
| United States | 7.8 | 8.5 | 13.7 | 13.5 | 20.1% |
| Singapore | 1.2 | 1.3 | 1.8 | 4.4 | 54.2% |
| India | 0.4 | 0.5 | 0.8 | 1.3 | 48.1% |
| Brazil | 0.5 | 0.6 | 0.6 | 0.5 | 0.0% |
| Malaysia | 0.2 | 0.2 | 0.5 | 0.3 | 14.5% |
| Others | 2.5 | 3.2 | 5.7 | 6.1 | 34.6% |
| Total | 32.8 | 37.9 | 57.9 | 62.4 | 23.9% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Indonesia in 2022:
- China (14.0K tons)
- India (1.1K tons)
- Singapore (1.0K tons)
- United States (1.0K tons)
- Brazil (0.3K tons)
- Malaysia (0.3K tons)
Exports of Protein; Concentrates and Textured Protein Substances in Indonesia
After two years of decline, overseas shipments of protein; concentrates and textured protein substanceses increased by 26% to 54 tons in 2022. The total export volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of protein; concentrates and textured protein substanceses soared to $306K in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.8% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Protein; Concentrates and Textured Protein Substances in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 44.5 | 52.7 | 103 | 116 | 37.6% |
| Hong Kong SAR | N/A | N/A | N/A | 84.5 | 0% |
| Malaysia | 9.9 | 23.4 | 60.2 | 52.5 | 74.4% |
| Philippines | N/A | 7.2 | 18.9 | 27.3 | 94.7% |
| Timor-Leste | 11.4 | N/A | 0.6 | 12.8 | 3.9% |
| Kazakhstan | N/A | 1.2 | N/A | 8.4 | 164.6% |
| Nigeria | 117 | 34.6 | N/A | N/A | -70.4% |
| Myanmar | 9.5 | 28.4 | 4.7 | N/A | -29.7% |
| Others | 14.1 | 19.0 | 31.4 | 4.4 | -32.2% |
| Total | 206 | 166 | 218 | 306 | 14.1% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Indonesia in 2022:
- Malaysia (15.5 tons)
- Pakistan (14.8 tons)
- Kazakhstan (7.5 tons)
- Hong Kong SAR (6.9 tons)
- Philippines (4.8 tons)
- Timor-Leste (3.5 tons)
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