Indonesian seafood market and import trends of seaweed and fish cake
Market & Price Trends
Published Dec 11, 2023
The processed seafood market in Indonesia is rapidly growing and is expected to reach $10.4 billion by 2028. Import volume of seaweed items and fish cake has also been growing at a significant rate, with Korea being the top importing country for these products. Traditional stores in Indonesia currently dominate the overall sales share of daily consumer goods, showing that offline channels are stronger than modern retail channels.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
The processed seafood market is growing rapidly… Positive impact on expanding seafood consumption It is expected to surpass the $10 billion level and reach $10.4 billion in 2028. Seaweed imports grow at an average annual rate of 48%... Korea ranks first in market share Fish cake imports in 2022 amount to $17.46 million... Taiwan's growth is remarkable According to market research company Statista, as of 2022, Indonesia's total seafood market size reached approximately $26.12 billion. This scale has grown at an average annual rate of 6.10% over the past four years (2019-2022), and is expected to show a steady upward trend by maintaining an average annual growth rate of 5.69% for the next six years (2023-2028). Accordingly, it is expected to exceed $30 billion for the first time in 2024 and grow to $36.91 billion in 2028. The Indonesian processed seafood market size is estimated at approximately $5.43 billion in 2019, and has grown at an average annual rate of 7.58% over the past ...