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in 2023 despite the risk of global recession.
"We are optimistic that the food and beverage industry will grow by more than 5% as we see double-digit growth in some subsectors of the sector," said Emil Satria, director of food, seafood and fisheries, Indonesia's Ministry of Industry.
One example is the fish canning industry, which grew by about 10 percent
, he noted.
One example is the fish canning industry, which grew by about 10 percent
, he noted.
From January to September 2022, the food and beverage industry, including palm oil, exported US$35.
99 billion, significantly higher than imports of food and beverages in the same period ($12.
76 billion).
As of the second quarter of 2022, the food and beverage industry attracted investment amounting to IDR 41.
37 trillion, absorbing about 5.
5 million workers
.
99 billion, significantly higher than imports of food and beverages in the same period ($12.
76 billion).
As of the second quarter of 2022, the food and beverage industry attracted investment amounting to IDR 41.
37 trillion, absorbing about 5.
5 million workers
.
The condiment sub-sector, which includes soy sauce, chili paste, ketchup and condiment production, is one of
the sub-sectors that achieved a trade surplus.
From January to September 2022, Indonesia's condiment exports reached US$175.
8 million and imports amounted to US$90.
5 million.
Currently, Indonesia is the world's 15th largest exporter
of condiments.
the sub-sectors that achieved a trade surplus.
From January to September 2022, Indonesia's condiment exports reached US$175.
8 million and imports amounted to US$90.
5 million.
Currently, Indonesia is the world's 15th largest exporter
of condiments.
