Indonesia’s shrimp sector on the rise

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