In 2023, the export volume of frozen shrimps and prawns from Indonesia stood at 162.50 million kilograms. The forecast for 2024 is 166.14 million kilograms, representing a year-on-year growth of 2.24%. The subsequent years continue this trend with 169.12 million kilograms in 2025 (1.79% increase), 172.04 million kilograms in 2026 (1.73% increase), 174.91 million kilograms in 2027 (1.67% increase), and 177.71 million kilograms in 2028 (1.60% increase). The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately 1.81%.
Future trends to watch for:
• Shifts in global demand influenced by economic conditions and consumer preferences.
• Impact of trade policies and regulations on seafood exports.
• Technological advancements in aquaculture and logistics improving export efficiency.
