What is the price of shark fins per kilogram/pound in Indonesia today?
The retail price range for Indonesia shark fins is between US$ 8.34 and US$ 15.69 per kilogram or between US$ 3.78 and US$ 7.12 per pound(lb). Click here to see today's exact prices of shark fins in Indonesia
The retail price range in Rupiah for shark fins is between IDR 138,932.50 and IDR 261,520.00 per kilogram or between IDR 63,007.94 and IDR 118,603.17 per pound(lb) in Jakarta and Surabaya.
Wholesale prices
In 2024, the approximate wholesale price range for Indonesia shark fins is between US$ 5.84 and US$ 10.98 per kilogram or between US$ 2.65 and US$ 4.98 per pound(lb).
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Indonesia Shark Fins Export Prices - Historical, Trends and Prediction
The export price per kilogram of Shark Fins from Indonesia over the last five years has been quite volatile. In 2017, the price was 12.93 US $ per kg, followed by a sharp decline to 11.32 US $ per kg in 2018. In 2019, the price dropped further to 10.73 US $ per kg. However, in 2020, the price rose to 13.97 US $ per kg and in 2021, it was 13.52 US $ per kg. The latest data shows that the export price per kilogram of Shark Fins from Indonesia is 11.58 US $ per kg. Based on the trend, it is predicted that the export price per kilogram of Shark Fins from Indonesia in 2023 will be around 11.50 US $ per kg and in 2024 will be around 11.40 US $ per kg.Indonesia Shark Fins Import Prices - Historical, Trends and Prediction
The import price per kilogram of Shark Fins into Indonesia over the last five years has been quite varied. In 2016, the price was at its highest at 26.36 US dollars per kg, before dropping to 12.93 US dollars per kg in 2017. The price then continued to decline, reaching its lowest point of 10.73 US dollars per kg in 2019. However, the price has since increased, with the latest figures showing 13.97 US dollars per kg in 2020 and 13.52 US dollars per kg in 2021. The price is currently at 11.58 US dollars per kg in 2022. Based on this trend, it is likely that the price of Shark Fins will remain relatively stable in the next two years, with an estimated price of 11.58 US dollars per kg in 2023 and 11.63 US dollars per kg in 2024.Export values for Indonesia shark fins
The total values in export for shark fins in Indonesia were US$ 7,381, US$ 7,667, US$ 8,374 and US$ 13,010 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Fish category in Indonesia: Live Ornamental Fish, Live Trout, Live Eels, Live Carp, Live Tuna, Live Fish, Trout, Salmon, Halibut Fish & Sole Fish.
See prices of shark fins in other countries across Asia: Kazakhstan shark fins, Kyrgyzstan shark fins, Tajikistan shark fins, Turkmenistan shark fins, Uzbekistan shark fins, China shark fins, Hong Kong shark fins, Macao shark fins, North Korea shark fins & Mongolia shark fins.
Indonesia shark fins - Production, Exports, Imports, Seasons and HS Codes
In 2019 Indonesia sold 1,212 tonnes of shark fins. For 2019 alone, the demand for Indonesia shark fins (fish category) has increased, with a change of 63.784 percent compared to the year 2018. Between 2017 and 2019, shark fins' exports grew by 104.38% earning Indonesia US$13.01m for the year 2019. Indonesia's shark fins exports are classified as:
- Fresh or chilled shark fins (HS code 030292)
- Prepared or preserved shark fins, whole or in pieces (excl. minced) (HS code 160418)
- Frozen shark fins (HS code 030392)
- Shark fins, smoked, dried, salted or in brine (HS code 030571)
- Frozen fish fins, heads, tails, maws and other edible fish offal (excl. livers, roes, milt and shark fins) (HS code 030399)
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Indonesia shark fins export values
In 2019, Indonesia sold shark fins worth 13.01m USD, an increment of 55.36% from 2018's total shark fins export of 8.374m USD. The yearly increase in value of Indonesia shark fins between 2017 to 2018 was 9.221 pc.
The annual/yearly variation in the amount of Indonesia's shark fins exports between 2017 and 2019 was 104.38 percent compared to a variation of 63.784% in the period between 2018 and 2019.
Export markets for Indonesia shark fins ( in '000$ )
Indonesia purchased 131 tonnes of shark fins in 2019.