Since the 16th week of 2024, the Indonesian white shrimp market has experienced a notable upward trend in prices. This surge is evident across various sizes and specifications, with the average factory price of size 30 South American white shrimp climbing to over 82,100 Indonesian Rupiah per kilogram. This rising trend underscores a robust market demand and positions Indonesia among the top players in the global shrimp pricing arena.
Detailed Analysis of Price Increases
The recent data highlights significant price increments across different shrimp sizes in Indonesia. For instance:
- Size 30 shrimp saw an increase to over 76,200 IDR/kg.
- Sizes 40, 50, 60, and 70 rose to 67,800 IDR/kg, 64,700 IDR/kg, 61,100 IDR/kg, respectively.
- Larger sizes like 80, 90, and 100 escalated to 57,800 IDR/kg, 54,100 IDR/kg, and 51,800 IDR/kg respectively.
These increases range from 1% to 9% year-on-year, reflecting steady market growth and enhanced value in the global seafood market. Converted to US dollars, the prices range from $5.09/kg for size 30 to $3.21/kg for size 100, illustrating the premium quality and market value of Indonesian white shrimp.
Comparative Pricing Across Sizes
The pricing structure of Indonesian white shrimp varies significantly with size, showing a gradual decrease as size increases. This trend is consistent with global seafood markets where larger quantities often fetch lower prices per unit. The year-on-year comparison also indicates a modest increase of 1% to 5% across all sizes, suggesting a stable growth trajectory in the Indonesian shrimp market.
Global Context for Indonesian White Shrimp Prices
In the global market, Indonesian white shrimp prices are competitive, particularly for size 60, where Indonesia ranks third highest globally, trailing only behind China and Vietnam. The prices for size 60 shrimp from Indonesia reached $4.00/kg, compared to $3.60/kg from Thailand and $3.20/kg from Andhra Pradesh, India. Ecuador remains the lowest in the market, highlighting the premium positioning of Indonesian shrimp.
Market Dynamics and Economic Implications
The economic factors contributing to the rise in Indonesian white shrimp prices include external market forces such as increased global demand, particularly from Western and Asian markets, and internal factors such as production costs and supply chain efficiencies. These price trends have significant implications for both domestic and international markets, influencing buyer behavior and export strategies.
Future Projections and Market Outlook
Based on the current data and market analysis, the trend of rising prices for Indonesian white shrimp is expected to continue, albeit with potential fluctuations influenced by global economic conditions and production adjustments. Stakeholders in the shrimp industry, including farmers, exporters, and global buyers, need to consider these trends in their strategic planning to capitalize on market opportunities and mitigate potential risks.
The upward trend in prices for Indonesian white shrimp reflects strong market demand and Indonesia’s significant role in the global seafood industry. This ongoing rise in shrimp prices not only benefits Indonesian exporters but also highlights the importance of sustainable practices and market diversification strategies to maintain competitiveness. As the market continues to evolve, strategic decisions made today will shape the future of Indonesia’s position in the international seafood market.
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