The analysis of the fishery processing sector in Indonesia reveals an initial period of stagnation from 2013 to 2018, with employment figures remaining constant at 61.06 thousand units (persons). This stable phase was followed by a gradual increase in employment starting in 2019, which marked a notable 2.96% year-on-year increase. The most significant jump was observed in 2020 with a 24.27% increase, likely driven by industry developments or policy changes. The upward trend continued through 2021 and 2022 with 19.43% and 16.19% increases, respectively. In 2023, employment stood at 123.45 thousand units, reflecting a 13.86% rise from the previous year.
Looking forward, forecasts predict continued growth through 2028, though at a moderated pace, with an expected 5-year compound annual growth rate (CAGR) of 7.37%. By 2028, the sector aims to employ around 197.5 thousand units, marking a substantial 42.69% cumulative growth over the forecast period.
Future Trends to Watch for:
- Technological advancements in fishery processing- Policy incentives aimed at boosting employment- Global market demand shifts- Environmental and sustainability practices affecting industry dynamics
