Indonesia plans to expand tilapia farms on a large scale, and the import volume of fresh fish fillets from the United States has declined

Published 2024년 5월 10일

Tridge summary

A farm in West Java, Indonesia, covering 80 hectares, is planning to increase tilapia production from 0.6 tons per hectare to 80 tons, if the pilot project is successful. The northern coastal area of West Java has potential for aquaculture with 78,000 hectares, most of which is idle. The cost to rebuild all tilapia farms is $808 million. President Widodo intends to include tilapia farm construction in the national budget for 2025-2026, as the global demand for tilapia is high and the output value is expected to reach $14.4 billion in 2024. The United States is the world's largest tilapia import market. In the first quarter of the year, the import volume of fresh tilapia fillets in the US market experienced a 20% year-on-year decrease, with only Brazil experiencing export growth.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The farm is located in West Java Province and covers an area of 80 hectares. If the opening project is successful, tilapia production will increase from 0.6 tons per hectare to 80 tons. The northern coastal area of West Java has 78,000 hectares of aquaculture areas, most of which are idle. It will cost $808 million to rebuild all tilapia farms. Widodo said: "Tilapia has a huge demand in the world, and the output value can even reach $14.4 billion in 2024. This is a huge number. We need to seize this huge market potential. If the demonstration project is indeed feasible, we will include the construction of tilapia farms in the national budget allocation for 2025-2026." According to UCN trade data, the United States is the world's largest tilapia import market, importing about 6,400 tons of Indonesian frozen tilapia fillets in 2023, worth $56.5 million. In contrast, the United States imported 84,000 tilapia products from China, worth $286 million. Another trend in the US market last ...
Source: Foodmate

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