The Indonesian shrimp industry faces a pivotal moment as it navigates through challenges posed by anti-dumping measures in the United States. With the Marine Affairs and Fisheries Ministry (KKP) actively strategizing to mitigate these impacts, Indonesia is looking towards alternative global markets to sustain its shrimp export momentum.

Anti-Dumping Measures

The imposition of anti-dumping tariffs and countervailing duties (CVD) by the United States has significantly affected Indonesian frozen shrimp exports. Budi Sulistiyo, Director General of Competitiveness of Marine and Fisheries Products (PDSPKP) at KKP, emphasized the necessity of exploring new export avenues due to these tariffs, which have diminished Indonesia’s competitiveness in the US market.

In response to the challenges in the US, Indonesia is proactively diversifying its export markets. According to ITC Export Potential data, China, Japan, Australia, and South Korea emerge as promising destinations. These countries collectively present an estimated market potential of USD 800 million for frozen shrimp, signaling substantial growth opportunities outside the US market.

Targeting Key Markets

1. China: Closing the Export Potential Gap
   Indonesia aims to capitalize on the Chinese market, where it has identified an export potential gap of USD 544 million until 2028. Despite global competition, Indonesian shrimp prices remain competitive, particularly against suppliers like Ecuador.
2. Japan: Strengthening Market Presence
   With an estimated export potential gap of USD 214 million until 2028, Japan represents another opportunity for Indonesian shrimp. Currently ranking third as a shrimp supplier to Japan, Indonesia competes closely with Vietnam and Thailand in this lucrative market.
3. South Korea: Emerging Opportunities
   South Korea presents a growing market with an export potential gap of USD 26 million until 2028. Indonesian shrimp competes alongside other Southeast Asian suppliers in this dynamic market landscape.
4. Australia: Expanding Market Share
   Although currently contributing only 1.32 percent to the Australian shrimp market, Indonesia sees an export potential gap of USD 30 million by 2028. Enhancing market share in Australia is crucial for diversifying export destinations.

Coordinated Efforts and Future Outlook

To bolster its international presence amidst US trade challenges, KKP continues to collaborate closely with various ministries and stakeholders. Coordination efforts with the Trade Ministry and diplomatic missions are aimed at navigating regulatory landscapes and ensuring smooth export processes.