The aquaculture production of marine and partly-marine species in Indonesia showed notable fluctuations from 2013 to 2023. Starting at $5.12 billion in 2013, the value saw a mix of growth and decline, peaking at $7.3 billion in 2018 before slightly decreasing to $7.03 billion in 2023. Significant year-on-year variations included sharp increases in 2016 and 2017 and declines in 2014, 2015, and 2019. The CAGR was quite volatile, demonstrating the industry's sensitivity to various influencing factors.
Over the last two years, 2022-2023, the year-on-year variations were more stable, around 2%. The five-year CAGR from 2019 to 2023 was approximately -0.77%, indicating a slight downturn over this period, yet the forecast indicates a recovery with an expected CAGR of 1.43% from 2024 to 2028.
Future trends to watch for include advancements in sustainable aquaculture practices, potential regulatory changes, and innovations in aquaculture technology. These elements could positively influence growth, making it crucial to monitor developments in environmental policies and technological adoption within the industry. Additionally, market dynamics such as global demand shifts and trade policies will play essential roles in shaping the future landscape of aquaculture production in Indonesia.
