Indonesia Minister Fisheries and Maritime Affair Susi Pudjiastuti with local fishermen. (Photo: Ministry of Fisheries and Maritime Affair)

JAKARTA (TheInsiderStories) – United States (U.S.) investors, Stern Resources  (SR Group) and Arcadia Chemical & Preservative, are interested to invest in Indonesia fishery industry.

Arcadia Chemical & Preservative, which engages in organic fish preservative, considers investing US$2 billion in Situbondo and Banyuwangi, East Java.

“We will work with the Indonesian fish collectors to send a variety of marine fish species abroad, especially America as a target market, ” said Sudjanan, CEO Arcadia Chemical & Preservative, in Seafood Expo North Amerca (SENA) held in New York last week.

Sudjanan said the country’s maritime potential still has a tremendous appeal that could attract a lot of investors to invest. However, the potentials are yet to be optimized due to weak infrastructure. Therefore, the company would use a portion of the planned $2 billion funds to build fishing industry infrastructure.

U.S  is an important market for Indonesian fish exports. The export figures continue to increase from year to year. Indonesia’s fish exports to the U.S reached $US1.8 billion in 2017, increased $1.6 billion in the previous year, according to data from the Ministry of Maritime Affairs and Fisheries.

Indonesia which in recent years began to pay attention to the potential of marine and fisheries managed to score some achievements. In fact, the growth of Indonesian fishery commodity exports was able to compete with big competing countries such as China.

The trend of export value growth and Indonesia’s fishery trade balance continue to increase during the period 2012-2016. Its growth reached 2.31 per cent per year while trade balance growth rose by 2.67 per cent per year, compared to China which only grew 2.29 per cent annually while trade balance increased by 0.6 per cent per year.

Meanwhile, in ASEAN, Indonesia’s peer countries, such as Vietnam and Philippine, booked 1.45 per cent and 0.32 per cent fishery exports respectively.

Based on the main commodities traded, the trend of export value from January to November 2016-2017 increased for shrimp commodity 0.53 per cent, skipjack tuna 18.57 per cent, crabs  29.46 per cent, squid & octopus 16,54 per cent, seaweed 23.35 per cent, and others rose 3.61 per cent.

Written by Elisa Valenta, elisa.valenta@theinsiderstories.com

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