Forecast: Seafood Exports to Indonesia by Singapore

Forecasted seafood exports from Singapore to Indonesia are anticipated to follow a growth trend from 2024 to 2028, starting at 6.6325 million USD in 2024 and reaching 7.3034 million USD by 2028. This forecast reflects a consistent upward movement, indicating strong demand and market opportunities in Indonesia. The year-on-year growth rate showcases a steady increase:

In 2023, the actual value stood at 6.45 million USD (hypothetical value for contextual purposes).

• 2024: +2.83%
• 2025: +2.61%
• 2026: +2.49%
• 2027: +2.38%
• 2028: +2.28%

The average compound annual growth rate (CAGR) over the five years is approximately 2.52%. This trend demonstrates a gradual yet sustained growth trajectory.

Future trends to watch include potential changes in Indonesia’s import regulations, shifts in consumer preferences towards sustainable seafood, and the impact of environmental policies on seafood supply chains. Monitoring these factors will be crucial for adapting export strategies and capturing growth opportunities.