In 2023, Indonesia's fisheries imports stood at an undisclosed value as our dataset begins from projections in 2024. From 2024 to 2028, the value of fisheries imports is forecasted to increase from $428.4 million to $461.25 million, representing a steady year-on-year growth. Specifically, the growth from 2024 to 2025 is 1.93%, from 2025 to 2026 is 1.89%, from 2026 to 2027 is 1.84%, and from 2027 to 2028 is 1.80%. The Compound Annual Growth Rate (CAGR) for this five-year period is approximately 1.87%, indicating a consistent upward trend in fisheries imports.
Future trends to watch for include:
- Changes in domestic fisheries production, which could affect import dependency.
- Global market conditions and trade policies that may influence import prices and volumes.
- Technological advancements in fisheries that could impact both supply and demand.
- Environmental and sustainability initiatives that could reshape fisheries practices and import needs.
