Forecast: Import of Frozen Fish to Indonesia

Analyzing the forecasted import of frozen fish to Indonesia from 2024 to 2028, we note an upward trend in the value of imports which is expected to grow from $185.38 million in 2024 to $207.18 million in 2028. The year-on-year growth rates depict incremental rises with a steady annual increase. Comparatively, the year 2023 recorded actual import values, providing a baseline for these projections.

Year-on-year variations:

  • From 2024 to 2025: an increase of 3.03%
  • From 2025 to 2026: an increase of 2.88%
  • From 2026 to 2027: an increase of 2.74%
  • From 2027 to 2028: an increase of 2.61%

CAGR over the last 5 years (2024-2028) indicates an average annual growth rate of approximately 2.81%, showcasing steady progress in import values.

Future trends to watch for:

  • Shifts in global seafood demand and supply chain disruptions could impact import volumes.
  • Changes in trade policies and tariffs between Indonesia and major fish-exporting countries.
  • Sustainability practices and regulatory changes in the fishing industry that could affect prices.

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