The pelagic fish market size in Indonesia was 3.13 million metric tons in 2023. Over the years, the market has shown fluctuations, with a significant dip in 2015 by 14 percent and a notable recovery in 2017 with a 20.63 percent increase. The market has experienced a consistent year-on-year growth since 2021, maintaining a steady upward trajectory since 2019 despite a slump in 2020. The Compound Annual Growth Rate (CAGR) over the past 5 years (2019-2023) is 0.2 percent. The forecasted market size for 2028 stands at 3.2 million metric tons, with a forecasted 5-year CAGR of 0.41 percent indicating moderate growth.
Future trends to watch for include the impact of sustainable fishing practices, changes in consumer preferences, potential policy shifts, and technological advancements in fishing methods, which could influence market dynamics and growth rates.
