PHOTO: TIM SHEPHERD/UNSPALSH.COM

BUSINESS OPPORTUNITIES FOR NORWEGIAN COMPANIES IN INDONESIA

The Marine Sector

Indonesia’s aquaculture industry has increased by nearly 20% in the last five years in hectares in aquaculture production and furthermore, over 50% per year increase in tons produced every year for the last 10 years. Due to the wide coastline and warm climate, Indonesia has become one of the top four nations in fishery production. Being one of most productive countries within aquaculture, Indonesia’s output in 2014 trailed only behind China and was slightly ahead of India. Being one of the world’s largest seafood consumers, Indonesia provides a lucrative investment opportunity in domestic demand and export potentials to countries all around the world.

Shrimps are Indonesia’s main fishery export commodity, and is well suited to cultivated production. The Global Aquaculture Alliance (GAA), a certification NGO, projected an annual average growth rate of 10.7% in 2013. The country reportedly has 1.2 million hectares of potential areas for shrimp breeding, and could potentially become the world’s largest shrimp exporter. Through investments and the employment of modern technology the shrimp industry has huge potential.