Tilapia has become one of the key commodities in international trade, particularly in the fisheries industry. With a growing market share, Indonesia plays an important role in the export and production of tilapia. Here are some impressive facts about Indonesian tilapia in the global market:
1. Indonesia Competes at the Top Level of the Global Tilapia Market
According to projections presented by the Ministry of Marine Affairs and Fisheries of the Republic of Indonesia, the global tilapia market value is expected to reach USD 14.46 billion by 2024. By 2034, the market value is predicted to rise to USD 23.02 billion, supported by a compound annual growth rate (CAGR) of 4.8% according to Future Market Insight in 2024. In this significant growth projection, Indonesia is not just a spectator but has already become one of the largest producers and exporters in the world.
2. Indonesia is One of the World’s Largest Tilapia Exporters
In 2022, Indonesia became the fourth largest tilapia exporter in the world. Despite competing with major countries such as China, Colombia, and Honduras, Indonesia remains a significant player. The value of Indonesia’s tilapia exports in 2022 reached USD 78.52 million, positioning it as a key player in the global tilapia trade.
3. Indonesia is One of the World’s Largest Tilapia Producers
Indonesia is also known as one of the largest tilapia producers in the world. According to FAO data in 2024, Indonesia ranked second in global tilapia production in 2022 with a production volume of 1.44 million tons. This high production not only benefits the national economy but also creates jobs and drives local economies.
4. Sustainable and Responsible Tilapia Farming in Indonesia
Tilapia farming in Indonesia is conducted responsibly and sustainably. An example is Regal Springs Indonesia, which farms tilapia in Lake Toba while maintaining environmental sustainability and empowering the local community. This approach ensures the availability of high-quality tilapia while preserving ecosystems and social welfare.
5. Indonesian Tilapia Excels in the United States Market
Indonesian tilapia has become a favorite in the United States market. The superiority of Indonesian tilapia compared to its competitors lies in its eco-label certification. Indonesian tilapia products are valued higher than similar products from China, Taiwan, and Honduras in the US market. Additionally, Indonesian tilapia exports to the US were never rejected during the 2021-2022 period, demonstrating that Indonesian tilapia is considered a premium product with certified eco-labels that are safe and high quality.
Proud to Consume Indonesian Tilapia
With the various impressive facts mentioned above, we can see the significant role Indonesia plays in the global tilapia market. Consuming Indonesian tilapia products not only supports the local economy but also helps strengthen Indonesia’s position on the global stage.
Now, with the availability of high-quality, convenient tilapia fillets, such as those offered by Regal Springs Indonesia, we can all enjoy the delicious and nutritious benefits of Indonesian tilapia. Let’s support local products and make Indonesian tilapia a top choice for fish consumption worldwide!
