Seafood Industry in Indonesia

Indonesian fishery products are expected to become one of the main sources of nutrition and food sources locally and for the rest of the world for current and future generations. From fishery to freshwater and from coast to coast, Indonesia is blessed with amazing diversity in its seafood resources. For this reason, Indonesia was chosen as the new destination to broaden our seafood business line. Ocean Treasure recently opened a new branch in Indonesia. Our quality control team is ready to inspect the processing of the new products of Indonesian origin we are now offering to our clients. Let′s check together what Indonesia has to offer to the seafood industry worldwide.

Indonesia's Fisheries Profile

The largest archipelagic nation in the world, Indonesia is made up of 17,504 islands with a total land area of 1,922,570 km2. It is located between the Pacific and Indian Oceans. The country's exclusive economic zone spans approximately 2.91 million km2, with a total coastline length of 95,181 km.

The marine and inland capture fisheries as well as the aquaculture are vital to the country's economy and food security. Fishing contributed 2.777% of the country's GDP in 2021, with 35.26 kg of fish per capita available for consumption.

It should come as no surprise that Indonesia, ranks among the top producers and suppliers of fisheries products worldwide. Indonesia is one of the most fish-dependent countries in the world, with over 40 kg of fish consumed annually per person. With over 5 million metric tons produced in 2019, Indonesia is currently the world's second-largest fish producer, according to FAO data. This puts Indonesia behind only China in terms of global fish production.

Production

Indonesia is rich in natural resources. With 97% of its coral reefs situated within its territorial waters, Indonesia boasts the second-longest coastline in the world, one of the largest mangrove tracks worldwide, and the second-largest area of coral reefs globally.

About 23.19 million t (US$ 27.27 billion) of fish were produced in Indonesia in 2017. About 7.07 million t (US$ 14.04 billion) came from capture fisheries, and 16.11 million t (US$ 13.24 billion) came from aquaculture.

Aquaculture continued to grow from 2011 to 2017. The production volume from capture fisheries increased annually except for a minor decline in 2016 (KKP, 2019c). The two main species targeted by capture fisheries were shrimp and tuna. Shrimp, tilapia, catfish, seaweed, and grouper are the principal species in aquaculture.

Exports

In 2018, 1.13 million t of fish and fisheries products were exported, valued at US$ 4.86 billion. The top 10 fish products exported in terms of value are grouper, shrimp, tuna, squid, crab, seaweed, tilapia, pearl, and belt fish.

The Indonesian Ministry of Marine Affairs and Fisheries reported that the country's fisheries exports reached a value of $7.2 billion in 2020. The United States and Japan are currently the two main markets for Indonesia's fish exports. The industry can boost revenue by branching out into new markets and diversifying existing ones. The image below displays the top 10 destinations based on the value of Indonesia's main fish and fisheries products exported in 2018.

Challenges and Opportunities

Indonesia's fishing industry has not been able to fulfill its export and production targets since 2015. In 2017, it was estimated that Indonesia's fish exports were worth $5.5 billion. Nonetheless, Indonesia's fish imports were valued at $10.2 billion in the same year, suggesting that the fisheries value chain needs to be improved. More than 80% of Indonesia's fishing operations in 2014 were still small, family-run enterprises managed by fishermen with little access to modern technology. However, Indonesia can maintain its relevant position as an aquaculture nation by using the best aquaculture practices and ensuring that knowledge is transferred appropriately.

Indonesia has the potential to dominate the global fish market overall, but overcoming the obstacles the industry faces will take a lot of work and money. The country needs to address several challenges, including overfishing, illegal fishing, and poor management of aquatic resources. It will also need to invest in infrastructure and technology to improve the efficiency and competitiveness of its fisheries sector.

Potentiality of New Marine Products

Indonesia is a country that has the sixth largest marine Exclusive Economic Zone in the world. It is an archipelago of 17,000 islands with an 81,000-kilometer coastline. The nation has enormous potential for aquaculture, especially when combined with a warm, tropical climate available year-round.

In 11 fisheries management areas (WPP), Indonesia's fish resources have the potential to yield 12.01 million tons of fish annually, of which 8.64 million tons are allowed to be caught. With 6.4 million square kilometres of water, Indonesia's fishing industry has enormous potential for lucrative marine animal commodities (km2).

Small and large pelagic fish, demersal fish, reef fish, penaeid shrimp, lobsters, crabs, and squid are among Indonesia's prospective marine commodities. On the other hand, there are Indonesian marine fish with high selling value, such as eels, napoleon fish, groupers, tuna, lobsters, and sea cucumbers.

Ocean Treasure Opens a New Branch in Indonesia!

In its commitment to offering more resources and products to our customers, Ocean Treasure has now opened a new branch in Indonesia to provide more reef fish. The reef fish of Indonesia are among the most stunning and varied in the world, in terms of variety and freshness. We now have more resources for red snapper, grouper, parrot fish, goldband snapper, and sweetlips.

Our mission is to provide more choices with high-quality products available in many markets. Let us know your requirements, and we will provide you with the best product at the correct price.

Stay tuned with Ocean Treasure. Your Reliable Supplier in Asia.

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