C-Fishery : Feeding The World from Indonesia’s Fisheries
The fisheries industry is one of Indonesia’s most valuable resources, with waters covering 70% of the country. By creating a sustainable fishing policy, the Indonesian government has pledged to promote the long-term viability of Indonesia’s fisheries industry. Indonesia has measured fishing regulations that take into account both economic and environmental factors. The blue economy idea is being used in this instance. Natural resource efficiency, a balance between economic and social ideals, as well as being sustainable and environmentally friendly, are the main principles. This makes Indonesia’s fisheries commodity become abundantly rich and well-known for its high quality, thus it’s needed by the international fishery market.
The export value of Indonesia’s fisheries commodities, which has been increasing, serves as proof of this. Fisheries products from Indonesia are currently high-exported to a number of nations throughout the world. What are Indonesia’s fisheries commodities that are attractively sought by the international market? Check out the article down below!
Indonesia’s Fisheries Commodity Demanded by the International Market
The export value of fisheries commodities in March 2022 is USD 548.35 million, which is equal to Rp 7.87 trillion, according to preliminary statistics from the Central Statistics Agency (BPS). This figure has increased by 14.87 percent when compared to the value of exports in March of the previous year and by 22.48 percent when compared to February of the year 2022. This is a staggering growth over the same period last year, or Rp 21.95 trillion. This indicates that the demand for Indonesia’s fisheries commodities is increasing on the international market.
During that period, the United States became the main export destination country with a value of USD 727.27 million. Then followed by China at USD 214.39 million, Japan at USD 151.62 million, ASEAN at USD 151.26 million, and the European Union at USD 78.17 million.
Shrimp Becomes the Prima Donna Commodity of Fishery Exports in the First Quarter of 2022
With a value of USD 621.92 million, or 40.64 percent of the total export value, shrimp became the most popular commodity, followed by tuna-skipjack-mackerel ($189.53 million, or 12.39%), crab ($172.56 million, or 11.28 percent), squid-cut-octopus ($154.53 million, or 10.10 percent), seaweed ($114.26 million, or 7.47%), and tilapia ($14.86 million). The United States market accounts for 47.53 percent of Indonesia’s export value.
The Indonesian government’s policy does include increasing export production as one of its top targets. First, for ecological sustainability, each Fisheries Management Area (WPP) must have a quota-based, measurable fishing policy. Second, the growth of aquaculture with a focus on exports based on premium global market products including shrimp, crab, lobster, and seaweed. Third, the creation of aquaculture settlements based on local wisdom.
Indonesia’s Fisheries Commodity Won’t Disappoint You
Investing in a fishery business can be a little bit tricky because not all suppliers of Indonesia’s fisheries commodity are reliable. Some of them might have multiple procedures that are time-consuming, or might not help you at all and provide you with all the information you need.
Having a supplier that is reliable with its sustainable fisheries product by your side can save you a great deal of time, as well as provide you with top-knot services so you won’t get lost finding the right products for you from Indonesia’s fisheries.
There you go, C-Fishery, which has grown to become a leading supplier by providing a one-stop solution for years. With our talented professionals, our representatives and experts will help you succeed in your Indonesian fisheries business endeavors. Contact us right away and start your journey with us! (Hana Puspa)
