Between 2014 and 2023, Indonesia's crustaceans production has evidenced significant growth, rising from 1.0 million metric tons to 1.76 million metric tons in volume by 2023. The observed average annual growth rate (CAGR) is 2.5% over the last five years. Notably, the production fell in 2020 by 14.55% but rebounded in subsequent years with an average increase of 8.09% in 2022 and a modest 2.56% growth in 2023.
Future trends to watch for:
- The forecasted CAGR of 1.95% suggests a steady but reduced growth rate compared to past trends.
- Key drivers to monitor include global market demand, export policies, and aquaculture advancements.
- Potential challenges might stem from environmental concerns and climate change impacts on marine ecosystems.