“Middle East, Eastern Europe, and South Africa are strengthening global shrimp market access in order to open non-traditional markets that have important potential,” Minister of Maritime Affairs and Fisheries Sakti Wahyu Trenggono noted in a statement here Monday.
Trenggono also views China as one of the alternative markets for Indonesian shrimp commodities.
This refers to the high growth of the Chinese shrimp market that has recorded a significant increase over the last five years from 2018 to 2022, at 49 percent per year and reached US$6.3 billion in 2022, while Indonesia’s share is still quite small, at only 1.8 percent during that year.
Related to the effort to open access to alternative markets, Trenggono also encouraged the consolidation and active participation of farmers, suppliers, processors, shrimp associations, Indonesian Retailers Association (APRINDO), Association of Indonesian Food Service Providers (PPJI), the Hotel and Restaurant Association (PHRI) and hotels, restaurants, and cafes (HOREKA) to increase the uptake of the domestic market.
“Synergy with business actors is very important, and we are pleased with the optimism of shrimp business actors towards this commodity. Do not forget about the innovation of ready-to-cook and ready-to-eat shrimp products to respond to the market needs and trends,” he stated
Director General of Strengthening the Competitiveness of Maritime and Fishery Products Budi Sulistiyo admitted that he was conducting an analysis of the shrimp market, both globally and domestically. The results of which would be distributed periodically to business actors.
"As the minister said, the synergy and collaboration for shrimp strengthening is very important, given the high potential of this commodity," Sulistyo remarked.
Earlier, the ministry had prepared several strategic steps to face anti-dumping (AD) and countervailing duties (CVD) charges against Indonesian frozen shrimp exports to the US market from the American Shrimp Processors Association (ASPA) through a petition on October 25, 2023.
The coverage of Indonesian shrimp subject to the petition includes all frozen tropical shrimp, excluding fresh shrimp and breaded shrimp.
Based on Sunset Reviews 2022, to date four countries are still subject to anti-dumping import duty, namely China, with a maximum duty of up to 112.81 percent; India, up to 110.9 percent; Thailand, up to 5.34 percent; and Vietnam, up to 25.76 percent.
Translator: Farhan Arda, Yuni Arisandy
Editor: Rahmad Nasution
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