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Unraveling Indonesia’s potentials on shrimp products: Ways to enhance the lagging export value development in Japan’s Market
Indonesia is one of the major shrimp producers in Southeast Asia. In 2019, Indonesia produced 517,397 tons of shrimps, and the number is targeted to increase by 250% in 2024. Japan is one of the world’s major importers of shrimp, along with the United States and the European Union, and is one of the countries with the biggest consumption of fish and fisheries products. So far, Indonesia’s shrimp export is focused on the US only, while Japan has the potential to become the next big market.
This research will adopt the calculation of the RCA index and CMSA-3 to analyze the export potential of shrimp products, using the data from the TCI Trade Map. As a result, crustacean products which 4-digits HS code is 0306, show the number of 1.92 for RCA in 2020, and 22,216 for CMSA-3. The product is classified as “Great”, meaning that these products have a high potential to become the most attractive product for Japan’s market in the long-run, and have good competitiveness compared to the other products under HS code 03. From further analysis on the calculation and other qualitative factors, this paper provides some policy recommendations to increase the shrimp export value in Japan market.
| 2021-0230 | Sekdilu 42-2021 | Training Materials Repository | Tersedia |
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