Indonesia turns its focus to squid and actively exports to China

Published 2024년 7월 1일

Tridge summary

Indonesia is a significant player in the global fishery industry, with a focus on tuna and squid. In 2021, the country caught and produced 790,000 tons of tuna, valued at about US$1.5 billion. However, concerns about overfishing have led Indonesia to shift its wild fishing efforts towards squid. The country's squid catching and processing industry has seen substantial growth, with 95,000 tons caught in 2021. Indonesia's main export markets for seafood, including squid, are China, Thailand, and the United States. China is the largest customer, importing one-third of Indonesia's aquatic products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Indonesia's fishery mainly includes marine fishing and aquaculture, among which tuna and squid are the main fishing species. Indonesia's tuna catch ranks among the top in the world all year round, accounting for about 16% of the world's total tuna supply. However, due to overfishing, many of Indonesia's fishing grounds in the Pacific and Indian Oceans have been fully developed, resulting in sustainability issues for tuna resources. In 2021, Indonesia caught and produced 790,000 tons of tuna, worth about US$1.5 billion. The export volume of tuna seafood has increased from 2018 to 2027. The export value of tuna will increase from 168,400 tons in 2017 to 203,200 tons in 2023, and the export value will increase from US$714 million to US$927 million, showing a significant growth trend. However, in order to protect tuna resources, Indonesia has shifted the focus of wild fishing to cephalopod seafood such as squid in recent years. Indonesia's squid fishing and processing industry has ...

Source: Foodmate