Indonesia Shrimp Market: Import Trend Analysis
In the Indonesia shrimp market, the import trend experienced a notable decline from 2023 to 2024, with a growth rate of -49.28%. The compound annual growth rate (CAGR) for imports over the period 2020-2024 stood at -21.49%. This substantial decrease could be attributed to shifts in global demand dynamics, possibly influenced by changing consumer preferences or market conditions impacting trade flows.
Shrimp Market: Indonesia vs Top 5 Major Economies in 2027 (Asia)
The Shrimp market in Indonesia is projected to grow at a growing growth rate of 9.81% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
Indonesia Shrimp MarketSynopsis
Indonesia is one of the world?s leading producers and exporters of shrimp, with production estimated at around 450,000 tons in 2025. The country has a large number of shrimp farms and provides an important source of foreign exchange earnings for Indonesia. The demand for Indonesia shrimp products has been increasing steadily in recent years due to its high quality and competitive prices. In 2018, the volume of exports was almost double that in 2017, totaling 283 thousand tonnes worth USD 2.9 billion.
Market Trends
The trend towards increased consumption of seafood products such as shrimps shows no sign of slowing down globally; this is especially true for countries like China where there is a growing appetite for imported luxury food items like shrimps from Indonesia due to their superior quality compared to other sources. This trend looks set to continue into 2025 and beyond as more consumers turn towards healthier diets which include proteins derived from seafood sources such as shrimps instead of those sourced from animals such as beef or pork. As a result, many international companies are investing heavily in sustainable farming practices in order to meet this global demand while still maintaining profitability margins via improved production methods and techniques employed by local farmers who supply them with raw materials needed for their processed goods or finished product lines available on store shelves throughout the world today.
Market Drivers
The major drivers behind the growth in Indonesia shrimp market include rising population & disposable incomes across Southeast Asia coupled with rapid urbanization & advances made within aquaculture technology; particularly those centered around water filtration systems which enable fish farms located close together (or even directly adjacent) without fear contamination occurring between different species ? something historically seen as very challenging task prior technological advancements being made within industry over last decade or so. Additionally, efforts taken improve sustainability initiatives surrounding farm operations have also prompted positive impact upon market conditions since these measures can help reduce cost inputs whilst simultaneously meeting consumer demands when it comes healthy protein sources free any unnecessary additives not found naturally occurring environment among other things.
COVID-19 Impact on the Market
The COVID-19 pandemic has had a major impact on the Indonesia shrimp market. In particular, the decrease in demand for seafood products due to restaurant closures and travel restrictions has led to decreased production of shrimp by local producers, resulting in lower prices. Additionally, there have been significant disruptions to supply chains due to transportation and logistics issues related to the pandemic.
Challenges of the Market
Some of the main challenges facing the Indonesia shrimp market include high costs associated with producing quality products, lack of access to foreign markets due to trade barriers, competition from imported cheaper seafood products from other countries and increased environmental regulations. Additionally, food safety concerns are increasingly becoming an issue as contamination can occur during production or processing stages that could potentially harm consumers? health.
Industry Key Players
Key players in Indonesia shrimp industry include PT Charoen Pokphand Indonesia Tbk (CPI), PT Central Proteina Prima Tbk (CPP) and Pangudi Luhur Jaya Abadi Seafoods (PLJ). CPI is one of largest vertically integrated producer of frozen processed foods while CPP is a leading supplier of fresh chilled fish & seafood products including prawns/shrimps & crabs while PLJ specializes in supplying live shrimps mainly for export markets.
Key Highlights of the Report:
- Indonesia Shrimp Market Outlook
- Market Size of Indonesia Shrimp Market, 2025
- Forecast of Indonesia Shrimp Market, 2032
- Historical Data and Forecast of Indonesia Shrimp Revenues & Volume for the Period 2022-2032F
- Indonesia Shrimp Market Trend Evolution
- Indonesia Shrimp Market Drivers and Challenges
- Indonesia Shrimp Price Trends
- Indonesia Shrimp Porter's Five Forces
- Indonesia Shrimp Industry Life Cycle
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Species for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Gulf Shrimps for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Farmed Whiteleg Shrimps for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Banded Coral Shrimps for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Royal Red Shrimp for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Giant Tiger Shrimps for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Blue Shrimps for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Ocean Shrimps for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Source for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Organic for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Conventional for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Form for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Canned for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Breaded for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Peeled for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Cooked & Peeled for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Shell-On for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Frozen for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Sales Channel for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Direct for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Indirect for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Application for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Food for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Pharmaceutical for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Cosmetics for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Industrial for the Period 2022-2032F
- Historical Data and Forecast of Indonesia Shrimp Market Revenues & Volume By Biotechnology for the Period 2022-2032F
- Indonesia Shrimp Import Export Trade Statistics
- Market Opportunity Assessment By Species
- Market Opportunity Assessment By Source
- Market Opportunity Assessment By Form
- Market Opportunity Assessment By Sales Channel
- Market Opportunity Assessment By Application
- Indonesia Shrimp Top Companies Market Share
- Indonesia Shrimp Competitive Benchmarking By Technical and Operational Parameters
- Indonesia Shrimp Company Profiles
- Indonesia Shrimp Key Strategic Recommendations
