Fish Meal Domestic Consumption in Indonesia for the year 2023 stood at 136.0 Thousand Metric Tons. The data forecasted from 2024 to 2028 shows a consistent annual increase in consumption. Specifically, the consumption values are expected to be 138.0, 140.0, 141.0, 143.0, and 144.0 Thousand Metric Tons respectively. Year-on-year variations indicate a gradual increase, with percentage changes approximately hovering around 1.4% per year.
The Compound Annual Growth Rate (CAGR) over the forecasted five-year period (2024-2028) implies an average growth rate of about 1.4% per annum. This indicates a stable yet modest growth pattern in the domestic consumption of fish meal in Indonesia.
Future trends to watch for include potential changes in aquaculture practices, shifts in feed ingredients due to innovations or cost fluctuations, and the impact of regulations on fish meal production and importation. Monitoring these factors could provide further insights into possible deviations from the forecasted growth.
