Indonesian seafood with a good impact on the big commodity export
Long known as the travel paradise, Indonesia is more than just a country with thousands of travel destinations, but also the big commodity export of seafood. The red-white flagged country is the big player with an established industry running from north to south, with 71 percent of its area comprising the ocean, making the potential growth of fisheries always grow every year.
How can Indonesia become the big commodity export of seafood? Will there be an opportunity for new players to enter Indonesia’s finest seafood export market? Here is the report from C-Fishery that you don’t want to miss!
Unveil Indonesia’s Potential as the Big Commodity Export of Seafood
Based on the data released by the Ministry of Marine Affairs and Fisheries of Indonesia (KKP) back in 2020 showed that Indonesia had exported 1.26 million tons of seafood with a total commodity of $ 5.3 billion. Most of these commodities were sent to China, the US, Japan, Europe, and even circulated around South-East Asia. Indonesia’s seafood can easily be found when you are in the United States, as this country has become the top country to import seafood from the archipelago.
Indonesia is also ranked as one of the most productive countries in aquaculture, and as the capacities are dwindling, Indonesia’s importance in global markets is forecasted to increase even further. The combination of domestic demand and export potential points to business opportunities for fish, shellfish, and seaweed producers operating out of Indonesia, as well as for processing companies and suppliers of equipment and logistics.
Not only that, but the fishery and seafood sector also has the potential for the local economy itself. As the big commodity export of seafood, this sector had managed to contribute to 7% of the total GDP in 2020. While it is still low, but the room to grow is always there. Hence, the market potential for the importer from outside of the nation who wishes to grab the opportunities is still open.
Top Exported Seafood from Indonesia
As one of the largest countries with two oceans circling around the nation, Indonesia’s sea provides us with a lot of seafood products. Among all, these are the top exported fishery products that have the potential for importers to choose from, include:
- Shrimp
Did you know? Shrimp has become the top exported fishery product from Indonesia, which contributed to a total of 37% of the exported products in 2020. This sea delicacy had garnered attention from some countries like the United States and China, with the demands keep growing year on year.
- Tuna
The big commodity export of seafood from Indonesia also came from tuna, a type of fish known for its fatty chunks and well-known in the Japanese culinary industry. This fishery product contributed to 15% of the total exported seafood and fishery products from Indonesia.
- Cumi-cumi
Not everyone knows, but squid product from the big commodity export of seafood is famous among seafood connoisseurs from all over the world. This is reflected by the increased number of demands every year. Per 2020, squids and their derivative products had contributed to 11% of total seafood export from the archipelago. Furthermore, the data from the South Bangkalan government in 2020 showed that the demand for this fishery product grows by 30.37% per year on average.
So, what are you waiting for? Grab the opportunities to grow your business as the big commodity export of seafood in Indonesia today! If you are looking for the right partner for your seafood business needs, C-FIshery is here to help. We have extensive and high-quality seafood products that you can choose from and are ready for export. Contact us today for further inquiries! (Yustika)