Key Market Indicators
Indonesian frozen food exports are forecast to reach nearly $27.5 million by 2026, up from $24 million in 2021. This is an average annual growth rate of 2.3%. Since 1994, Indonesia's supply has increased at a rate of 4.5% year-on-year. In 2021, Indonesia placed 27th in the ranking, with Romania surpassing them at $24 million. China, Spain and Mexico followed, taking the second, third and fourth spots respectively. Meanwhile, imports of Indonesian frozen food are expected to reach $783.6 million by 2026, up from $628.4 million in 2021. This is an average annual growth rate of 3.7%. Since 1994, demand for Indonesian goods has increased at a rate of 7.1% year-on-year. In 2021, Indonesia ranked seventh, with Russia leading the way at $628.4 million. The United States, South Korea and Japan followed, occupying the second, third and fourth positions respectively.
