Price for Fish Meal; Fit for Human Consumption in Indonesia - 2022

Price for Fish Meal; Fit for Human Consumption in Indonesia (FOB) - 2022

The average export price for fish meal; fit for human consumptia stood at $972 per ton in March 2022, which is down by -12.5% against the previous month. Overall, the export price, however, recorded a modest expansion. The most prominent rate of growth was recorded in September 2021 an increase of 39% month-to-month. Over the period under review, the average export prices attained the peak figure at $1,173 per ton in January 2022; however, from February 2022 to March 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In March 2022, the country with the highest price was Malaysia ($9,814 per ton), while the average price for exports to Taiwan (Chinese) ($134 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 Malaysia (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fish Meal; Fit for Human Consumption in Indonesia (CIF) - 2022

In 2022, the average import price for fish meal; fit for human consumptia amounted to $11,243 per ton, declining by -22.7% against the previous year. In general, the import price recorded a perceptible contraction. The pace of growth appeared the most rapid in 2014 an increase of 35% against the previous year. As a result, import price attained the peak level of $18,026 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +0.2% per year.

Exports of Fish Meal; Fit for Human Consumption in Indonesia

In 2022, after three years of growth, there was significant decline in shipments abroad of fish meal; fit for human consumptia, when their volume decreased by -82.2% to 449 tons. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 2,350%.

In value terms, exports of fish meal; fit for human consumptia fell rapidly to $462K in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 3,133% against the previous year. As a result, the exports attained the peak of $3M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Fish Meal; Fit for Human Consumption in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	77.6	1,845	1,110	209	39.1%
Thailand	1.9	620	531	99.9	274.6%
Taiwan (Chinese)	1.9	488	412	77.6	244.4%
Malaysia	8.2	31.6	402	75.6	109.7%
Others	2.7	0.8	N/A	N/A	-70.4%
Total	92.3	2,985	2,454	462	71.1%

Top Export Markets for Fish Meal; Fit for Human Consumption from Indonesia in 2022:

Japan (255.6 tons)
Taiwan (Chinese) (90.1 tons)
Malaysia (83.5 tons)
Thailand (20.1 tons)

Imports of Fish Meal; Fit for Human Consumption in Indonesia

In 2022, supplies from abroad of fish meal; fit for human consumptia decreased by -62.1% to 11 tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2020 when imports increased by 241% against the previous year. As a result, imports attained the peak of 42 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of fish meal; fit for human consumptia reduced sharply to $125K in 2022. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 318%. As a result, imports attained the peak of $611K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.