The pelagic fish production in Indonesia has shown considerable fluctuations over the past decade. Starting from 3.24 million metric tons in 2014, the production witnessed a significant dip in 2015 and 2020, with recovery phases in subsequent years. By 2023, the pelagic fish production stood at 3.29 million metric tons, indicating a marginal year-on-year growth of 0.27%, while the compound annual growth rate (CAGR) over the past five years was a declining -0.013%.
From a future perspective, the forecasted data until 2028 suggests a steady, albeit slight, increase in production, with an anticipated 5-year CAGR of 0.23% and an overall growth rate of 1.16%.
Future trends to watch for include:
- Impact of climate change on fish migration patterns and habitats.
- Advancements in sustainable fishing practices and technologies.
- Government policies and international regulations affecting fishing quotas and practices.
- Market demand shifts influenced by both local and global seafood consumption trends.