The freshwater fish market in Indonesia has shown significant growth from 2014 to 2023, with the market volume standing at 5.91 million metric tons in 2023. The year-on-year growth variation witnessed considerable fluctuations, such as 19.08% in 2017 and a notable decline of -15.16% in 2020. The CAGR over the last five years stood at 1.94%, indicating a relatively stable upward trend despite periodic volatilities.
Looking to the future, the market is forecasted to continue growing, reaching 6.49 million metric tons by 2028 with a forecasted 5-year CAGR of 1.52% and an overall forecasted growth rate of 7.85%.
Future trends to watch for include advancements in aquaculture technology, sustainable fishing practices, and potential impacts of climate change which might affect fish populations and market dynamics.
