Forecast: Fisheries Exports in Indonesia

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.

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