In 2023, the total number of fishing vessels in Indonesia stood at 700,000 units. Based on the forecast data for the years from 2024 to 2028, there is a noticeable year-on-year decline in the number of fishing vessels. The number of vessels is predicted to decrease from 693.17 thousand in 2024 to 674.2 thousand in 2028. This represents a compound annual growth rate (CAGR) of approximately -0.9% over the five-year period.

Future trends to watch for:

Continued efforts by the Indonesian government to regulate and modernize the fishing fleet may further influence the number of vessels.
Technological advancements in fishing methods and equipment could lead to a shift towards fewer but more efficient vessels.
Environmental and sustainability concerns may result in stricter fishing quotas and policies, impacting the overall number of fishing vessels.
The economic viability of the fishing industry amidst fluctuating global seafood demand and prices could play a crucial role in determining fleet size.