The farmed shrimp sector in Indonesia is growing and the majority of the shrimp is exported.
The website of Ipsos states that Indonesia’s shrimp industry has continued to see higher demand from the export market compared to the domestic market. From 2011 – 2015, export market grew at CAGR of 6.9% compared to 5.0% for the domestic market.
Indonesia is estimated to consume only around 40% of its shrimp production volume. Majority of shrimp production was allocated for exports to major markets such as USA, Japan and EU.
Due to relatively weaker domestic market, the shrimp industry is highly sensitive to global shrimp production volumes. Even with rising competition from countries such as India and the recovery of Early Mortality Syndrome (EMS) afflicted countries such as Thailand, Ipsos estimates that export market for Indonesia’s shrimp will continue to exhibit healthy growth of 6% per annum for the 2016 – 2020 period.
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