Indonesia's fisheries exports value stood at 4.86 billion US dollars in 2023, evidencing a year-on-year growth of 1.2% from 2022 and sustaining an average growth rate of 1.49% (CAGR) over the past five years. Historical data reveals fluctuations, with significant growths and occasional declines. From 2024, forecasted figures indicate a steady upward trend, reaching 5.14 billion US dollars by 2028, driven by a forecasted average annual growth rate (CAGR) of 0.89%.
Future trends to watch for:
- Increasing global demand for seafood coupled with sustainable fishing practices.
- Adoption of advanced aquaculture techniques to bolster productivity.
- Expansion of trade partnerships and agreements aimed at enhancing export markets.
- Impact of climate changes on marine ecosystems influencing fishery stock levels.
- Technological innovations in logistics and supply chain management to improve export efficiency.