Indonesia's freshwater fish demand has seen varying growth from 2014 to 2023, with key changes including significant rises in 2016 (9.71%) and 2017 (19.09%), followed by a decline of 15.16% in 2020. The demand for freshwater fish stood at 5.91 million metric tons in 2023, showing a year-on-year growth of 1.96%. The CAGR over the last 5 years is 1.94%, indicating moderate growth. Projections from 2024 to 2028 suggest a consistent increase, with a forecasted CAGR of 1.52% and an overall growth rate of 7.85% over five years.
Future trends to watch:
- Increasing population and rising incomes driving higher fish consumption.
- Development of sustainable aquaculture practices.
- Impact of climate change on freshwater fish supply chains.
- Technological advancement in fish farming methods.
