USA: USMEF targets Indonesia for its strong potential for pork growth

Published 2024년 8월 20일

Tridge summary

Despite Indonesia's predominantly Muslim population, which accounts for 85-87% of the country's 275-280 million people, who generally do not consume pork, USMEF Chair Randy Spronk sees potential for pork market growth. He estimates that the remaining 35-36 million people could provide a market size similar to Canada. Currently, Indonesia imposes a 5% tariff on pork imports, but USMEF is optimistic, citing an increase in US pork market share from 11.5% in 2023 to 38.5% in 2024 due to reduced competition from the European Union. Indiana soy growers have found success in the Indonesian market and could potentially pave the way for US pork producers, given their strong relationships and logistical capabilities for distributing protein across the archipelago.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With Indonesia being a primarily Muslim country, a large portion of the population does not eat pork. However, USMEF Chair Randy Spronk still sees a significant market for pork in the nation. He estimated the population size to total 275 to 280 million people, of which approximately 85-87% are Muslim. The remaining percentage equates to around 35 to 36 million people. “That's Canada,” Spronk said, noting the size of the market for potential pork consumers. “And so, there’s still a lot of opportunity.” Spronk views Indonesia as a long-term growth market. “I think we were 1.13 kg per capita consumption,” he said. “It reminds me of Colombia, where you were low teens per capita consumption, where you actually came in and doubled the consumption over a 10-year period. I think it's got great opportunities to be able to do that.” There is currently no free trade agreement with Indonesia and a 5% tariff rate. Finding success in the Indonesian market are Indiana soy growers, who have built ...

Source: Meat+Poultry