The Knowledge to Decide

Indonesia is the world’s ninth largest aquaculture producer. What business prospects lie in Indonesia’s aqua farming industry? Spire Research and Consulting was honored to be a speaker at the Indonesia Ocean Investment Summit 2014 in Jakarta, on behalf of the Norwegian Embassy. The event aimed at exploring sustainable fishery and maritime industrial development opportunities in Indonesia. At the event, Erwin Widjaja, Director, Indonesia of Spire Research and Consulting, spoke about aqua farming and the untapped opportunities in this industry. Fisheries activities need to be developed in order to provide national food security and reduce poverty. He shared that Indonesia’s fisheries extend to an impressive 5.8 million km – three-quarters of the entire national territory. Widjaja commented that opportunities in aqua farming are abundant. Indonesia is at an advantage because 76% of its surface area is under the Equatorial Ocean. There is an increasing demand for high-value fish

Indonesia is the world’s third largest aquaculture producer. What business prospects lie in Indonesia’s aqua farming industry? Spire Research and Consulting was honored to be a sponsor and speaker at the Indonesia Norway Business Council (INBC) Salmon Evening in Jakarta – an event aimed at exploring trends and potential business opportunities in Indonesia’s aqua farming industry. At the event, Franklin Crum, Manager, Client Service of Spire Research and Consulting, spoke about aqua farming and the untapped opportunities in this industry. He remarked that Indonesia, being the third largest aquaculture producer worldwide (trailing closely behind China and India), saw an average annual increase of 30.9% in aquaculture production volume from 2009 to 2012. Crum commented that opportunities in aqua farming are abundant. There is an increasing demand for high-value fish species such as snapper, grouper, pompano and barramundi as well as rising supply of fingerlings (young fish) for

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