Indonesia's demand for crustaceans has shown a consistent growth trend from 2014 to 2023, reaching 1.5 million metric tons in 2023. Over this period, significant year-on-year variations include a 36.44% increase in 2017 and an 18.1% increase in 2021, while 2020 experienced a notable decline of 14.22%. The last five years show an average yearly growth rate of 2.83% CAGR.
Forecasts for 2024 and beyond predict a steady increase in demand, culminating in 1.72 million metric tons by 2028, with a forecasted 5-year CAGR of 2.16% and an overall growth rate of 11.27%. Future trends to monitor include market responses to economic changes, environmental impacts, and shifts in dietary preferences.
