Key Market Indicators
The Indonesian seafood market is expected to reach $348.5 million by 2026. This is an increase of 2.6% from 2021, when the market was valued at $291.7 million. Since 2000, the demand for seafood in Indonesia has surged annually, with an average growth rate of 4.9%. In 2021, Indonesia ranked 32nd in the world, while Austria overtook it to reach a value of $291.7 million. Japan, China, and Spain came in at second, third and fourth, respectively. The export of Indonesian seafood is expected to hit $3.3 billion by 2026, growing at an average annual rate of 1.4% from 2021, when it was valued at $3.0 billion. Since 2000, the supply of seafood in Indonesia has grown at an average rate of 0.9% per year. In 2021, Spain took the lead at $3.0 billion, with Norway, India and Vietnam ranked second, third and fourth, respectively.
