Still No Guarantee for Indonesia's Aquaculture Industry
Still No Guarantee for Indonesia's Aquaculture Industry
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JAKARTA - Indonesia still minimal in expansion of processed aquaculture products in order to meet export market. Modernization and best practices as well as the fisheries exploiting a more optimal probiotic can take Indonesia as the world's top aquaculture.
That conclusion of Ipsos Business Consulting, the business consulting firm based facts in a new comprehensive study. Currently, aquaculture, especially shrimp farming is a sector with huge potential in Indonesia.
"We still lack access to financial resources, human resources and improve the processing," said Juanri, Senior Consultant at Ipsos Business Consulting in Jakarta, Thursday (25/8)
He added that currently Indonesia's fishery sector is still focus of capture fisheries industry. Government is still minimal in an attempt to convince investors, both from abroad or from local to invest in this business.
"Investors still feel the risk is too great. This is something we expected because of the lack of human resources in this field," said Juanri.
In addition, there is no guarantee of the government in this business has also become an obstacle.
"Financial Services Authority (OJK) was filed financial adviser to SMEs, but not the focus of this business," explained Domy Halim, Senior Consulting Manager Ipsos Business Consulting.
![Still No Guarantee for Indonesia's Aquaculture Industry]()
To note, Indonesia is a producer of fourth largest aquaculture in the world despite the new harness 7.38 percent of the total potential. If the sector continues to grow at the current rate of growth like this, creating 8.9 million jobs, with a market value of USD 39.5 billion in 2030.
WorldFish Foundation Projections show that aquaculture will grow by more than 10.1 million metric tons per year. This shows the tremendous potential given that more than 80 percent of the Indonesian fisheries in 2014 is still the traditional household enterprises and fishermen who utilize simple technology.
From 2015 to 2020, aquaculture is projected to grow by 3.7 percent CAGR. While the growth in capture fisheries will stagnate at 0.4 percent during the same period.
One of the main commodity in Indonesia is where vannamei shrimp is the most abundant species farmed. It is estimated that shrimp accounted for about USD1.5 billion in export value. Far from the donated fish and seaweed which is only about USD1 billion and USD0.2 billion
Shrimp export value was also mentioned that the fastest growing overall, ie in figure 15.4 per cent CAGR in the 2011-2014 period. While fish and seaweed grow respectively by 1.4 percent and 12.8 percent CAGR during the same period.
That conclusion of Ipsos Business Consulting, the business consulting firm based facts in a new comprehensive study. Currently, aquaculture, especially shrimp farming is a sector with huge potential in Indonesia.
"We still lack access to financial resources, human resources and improve the processing," said Juanri, Senior Consultant at Ipsos Business Consulting in Jakarta, Thursday (25/8)
He added that currently Indonesia's fishery sector is still focus of capture fisheries industry. Government is still minimal in an attempt to convince investors, both from abroad or from local to invest in this business.
"Investors still feel the risk is too great. This is something we expected because of the lack of human resources in this field," said Juanri.
In addition, there is no guarantee of the government in this business has also become an obstacle.
"Financial Services Authority (OJK) was filed financial adviser to SMEs, but not the focus of this business," explained Domy Halim, Senior Consulting Manager Ipsos Business Consulting.
To note, Indonesia is a producer of fourth largest aquaculture in the world despite the new harness 7.38 percent of the total potential. If the sector continues to grow at the current rate of growth like this, creating 8.9 million jobs, with a market value of USD 39.5 billion in 2030.
WorldFish Foundation Projections show that aquaculture will grow by more than 10.1 million metric tons per year. This shows the tremendous potential given that more than 80 percent of the Indonesian fisheries in 2014 is still the traditional household enterprises and fishermen who utilize simple technology.
From 2015 to 2020, aquaculture is projected to grow by 3.7 percent CAGR. While the growth in capture fisheries will stagnate at 0.4 percent during the same period.
One of the main commodity in Indonesia is where vannamei shrimp is the most abundant species farmed. It is estimated that shrimp accounted for about USD1.5 billion in export value. Far from the donated fish and seaweed which is only about USD1 billion and USD0.2 billion
Shrimp export value was also mentioned that the fastest growing overall, ie in figure 15.4 per cent CAGR in the 2011-2014 period. While fish and seaweed grow respectively by 1.4 percent and 12.8 percent CAGR during the same period.
(rnz)
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