C-Fishery Ready for The Better World Through Providing Seafood!
Indonesia has successfully completed and ratified trade agreements with several countries, including Indonesia-the European Free Trade Association (EFTA) Comprehensive Economic Partnership Agreement (IE-CEPA) which consists of Norway, Switzerland, Iceland and Liechtenstein, Indonesia-Mozambique Preferential Trade Agreement (IM-CEPA). PTA), Regional Comprehensive Economic Partnership Agreement (RCEP), and Indonesia – Korea Comprehensive Economic Partnership Agreement (IK-CEPA).
With the trade agreement, Indonesia’s opportunities in accessing international fishery products markets are increasingly and easily open considering that tariff barriers are decreasing and even being abolished, thus making it easier for Indonesia in providing seafood to the world. It is undeniable that in providing seafood products, Indonesian products are accepted and become prima donna with high demand. If you are interested in knowing how Indonesia is able to provide seafood to the global market, let’s have a look together!
Global Fish Market Projection in 2030
World Aquaculture Production is expected to more than double Capture Fishery Production by 2030. FAO has projected that 90% of fish production will be consumed as food, fish meal and fish oil (8%), and the remainder non-food (2 %) in 2030. Then global fish consumption per capita is projected to reach 21.2 kg per capita in 2030, up from an average of 20.5 kg per capita in 2018-2020. While fish consumption will increase in Asia, Europe and America, while in Oceania it will remain stable and decline in Africa and fish consumption in China is projected to be around 45 kg per capita in 2030.
In addition, it is also projected that world consumption fish exports in 2030 will reach 44 million tons (equivalent to live weight). And around 47% of the world’s fish exports will come from Asian countries, including Indonesia taking part in providing seafood products.
In line with this statement, Indonesia has numerous potential to enter and supply the worldwide market with seafood. Indonesia strives to optimize it as much as possible so that in providing seafood products, it can meet worldwide market demand.
A Proof: Indonesia is Capable in Providing Seafood for the Global Market
Indonesian products are increasingly gaining a place in the world market. The trade balance of fishery products for the period January–March 2022 was a surplus of USD 1.39 billion, an increase of 21.78% over the same period the previous year.
Indonesia is working hard to enhance its trade surplus while also developing export-oriented commodity fisheries. This is done to demonstrate that Indonesia has been and will continue to be capable of supplying and providing seafood stocks to the global market.
The Most Demanded Indonesian Fishery Commodity
Commodities exported from Indonesia’s fisheries sector to overseas countries include more than just fish. During this time, in providing seafood products, shrimp commodities remained the most popular, accounting for US$621.92 million in export value, or 40.64 % of overall export value.
Then, followed by tuna-skipjack-mackerel as much as US$189.53 million or 12.39%, Crab-Crab US$172.56 million or 11.28%, Squid-Octopus US$154.53 million or 10 ,10%.
What Can C-Fishery Do?
C-Fishery, as a seafood supplier, is involved in the Indonesian fisheries industry and continues to be active in providing seafood products globally through our outstanding seafood products. With high international standards for seafood products, we take extra care in handling the seafood products in which we are providing to, so that you, as a businessperson, won’t be dissatisfied afterwards.
C-Fishery is one of Indonesia’s leading suppliers. We will constantly work optimally in providing seafood products needed by the global market, due to technological advancements and abundant marine natural resources from the Indonesia ocean. In providing a variety of high-quality seafood products, we offer such as shrimp, tuna-skipjack-mackerel, crab, squid-octopus, and others. Don’t pass up the opportunity to try our high-quality products; contact us right away! (Hana Puspa)
