On-the-Ground Updates

Salmon Importers in Indonesia Started to Make Purchases Plans in 2023

Salmon
Indonesia
Market & Price Trends
Agung Sugiarto
Published Nov 9, 2022
In 2022, nearly 80% of salmon consumed in Indonesia come from Chile and Australia, with the remaining 20% coming from Norway and other European countries. As the end of 2022 approaches, many salmon importers already used their import allocation by the Indonesian government. Importers started making plans for the 2023 import and sales productions. Forecasts indicate a decline in Salmon prices in Indonesia by the end of 2022 due to slowing demand. Salmon HON prices will drop to USD 8.4-9/kg. In W45, some importers are selling current supplies at breakeven or at a loss to raise money in preparation for 2023 in the hopes that they will keep the quota that the Indonesian government would grant them.
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