LPEI: Indonesia’s seaweed exports reach US$ 177.99 million until October 2021

Published Dec 27, 2021

Tridge summary

Despite the global Covid-19 pandemic, Indonesian seaweed exports have seen a cumulative increase during January-October 2021, driven by high demand from China. The export value rose by 20.42% yoy to $177.99 million, and the export volume grew by 11.68% yoy to 159.59 thousand tons. Indonesia ranks as the world's second-largest seaweed exporter, with Eucheuma Cottonii and Gracilaria sp. being the primary export types to China, used in carrageenan and agar-agar production, respectively. South Sulawesi and East Java are the main seaweed production areas. To further optimize seaweed production, LPEI has launched the Foreign Exchange Village program, aiming to foster economic, social, and environmental development in regions with export-oriented products.

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

Original content

Reporter: Maizal Walfajri | Editor: Handoyo . KONTAN.CO.ID - JAKARTA. In the midst of the Covid-19 pandemic that is still engulfing the world, Indonesian seaweed exports began to record positive cumulative performance during the January-October 2021 period. This increase occurred due to increased demand from Indonesia's main trading partner, namely China. This increase is expected to continue to strengthen along with increasing public awareness of a healthy lifestyle. Seaweed as one of the raw materials for processed foods and pharmaceuticals is predicted to still have high demand. A study by the Indonesia Eximbank Institute or IEB Institute noted that the export value of seaweed during the January-October 2021 period recorded an increase of 20.42% year on year (yoy) reaching US$ 177.99 million. The cumulative export value growth was also followed by growth in export volume by 11.68% year-on-year (yoy) to 159.59 thousand tons compared to the same period in 2020 of 142.90 thousand ...

Source: Kontan