Indonesia’s aquaculture industry is ranked 4th globally in terms of production tons. Franklin Crum, Manager, Client Service of Spire Research and Consulting, shared his views on the future outlook for Indonesia’s aquaculture industry on MNC Business Channel – Economic Buzz. Crum commented that Indonesia’s water conditions have provided a favourable environment for wet aquaculture (otherwise known as fish farming); allowing a wide range of tropical fish species to breed. The aquaculture industry has shown great potential in Indonesia; contributing 1% towards its GDP. Indonesia is one of the leading Asian countries in this industry, alongside China, Thailand, Vietnam, the Philippines, Republic of Korea, Japan and Bangladesh. The industry had registered a total revenue of USD 7 billion in 2012, seeing compound annual growth (CAGR) of 25.9% between 2008 and 2012. The figure is expected to grow to USD14.3 billion by 2017. Crum shared that the Indonesian government has allocate