| Product Code: ETC387928 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Indonesia Squid Market is likely to experience consistent growth rate gains over the period 2025 to 2029. Commencing at 8.54% in 2025, growth builds up to 11.89% by 2029.

By 2027, Indonesia's Squid market is forecasted to achieve a growing growth rate of 9.98%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.

The squid market in Indonesia is a significant segment of the seafood industry. Squid is a staple in Indonesia cuisine and holds cultural importance. The market has witnessed steady growth due to both domestic consumption and export opportunities. Indonesia is one of the largest producers of squid globally, and its rich marine resources contribute to a consistent supply. The market offers various squid products, including fresh, frozen, and processed options, catering to both local and international markets. Exporting to countries with a high demand for squid, such as Japan and South Korea, remains a lucrative opportunity for Indonesia squid producers.
The Indonesia Squid market is experiencing growth owing to several factors. Squid is a staple in Indonesia cuisine and is widely consumed in various forms, including grilled, fried, and in soups. The market benefits from its affordability and versatility in cooking. Furthermore, the expansion of the country`s foodservice industry and street food culture has led to increased demand for squid-based dishes. Sustainable fishing practices and government support for the fisheries sector are contributing to the steady supply of squid to meet this growing demand.
The squid market in Indonesia is confronted with challenges related to overfishing and competition with other seafood products. Squid is a popular seafood item both domestically and internationally, leading to potential overexploitation of squid populations. Sustainable fishing practices and regulations are necessary to address this issue. Additionally, market players need to innovate and diversify squid products to meet changing consumer preferences.
The Indonesia squid market has faced some challenges during the COVID-19 pandemic due to supply chain disruptions and reduced demand from the foodservice sector. However, the market is expected to recover as restaurants reopen and consumer confidence returns. Squid remains a popular seafood choice, and innovations in packaging and distribution are likely to boost the market.
Indonesia is a significant player in the global squid market, and key Indonesian companies like PT Squid Industries have a strong presence. These players are involved in both squid fishing and processing, ensuring a steady supply of high-quality squid products. The market is influenced by international demand for squid, and Indonesian companies are actively engaged in export activities to cater to global consumers.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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