The Importance Of Aquaculture In Indonesia

One of the main species of interest in Indonesia is shrimp, vannamei is the dominantly farmed species. Figure 4 below shows that shrimp makes the highest earnings in export value on a per kg basis among fish and seaweed that are produced in an outstanding quantity. Establishment of vannamei has revived the industry and strengthen shrimp’s position as Indonesia’s main fishery export commodity by value. It is estimated that 2011 shrimp export contributes around USD 1.5 billion contrast to around 1 billion and 0.2 billion for fish and seaweed respectively. With its combination of both fastest growth rate and highest export value among several commodities, shrimp had proven to be appealing to operation organizers looking to boost the growth.Figure 5 above indicates that Indonesia’s shrimp industry has remained to see stronger demand from the export compared to the domestic market. From 2011 to 2015, there is an increase in export market than the domestic market. The requirement for shrimp in domestic is a lesser contrast to fish since shrimp is still viewed an expensive source of protein for most households. Thus, Indonesia is …show more content…
Aquaculture provides a high quality of animal protein and essential nutrients, especially for nutrition vulnerable groups, such as pregnant and lactating women, infants, and pre-school children. In fact, almost half of the child deaths around the globe are linked to malnutrition. Additionally, aquaculture by local communities helps in increasing the availability of fish in both local rural and urban markets. According to the law of supply and demand in economics, when the supply of an item increase, automatically the price for the item will go down, provided there are no external