The only advantage of statement coverage is that it is much easier to calculate than other coverage variants. You just need to know if some line of code was executed and calculating coverage ratio is as simple as counting statements that were executed and total count of statements.
With other coverage variants, you have to take account code before and after a statement. You need to figure out which branch of
if was taken. If
for loop was actually executed. You would also need to complexly calculate all possible paths the code would take and count those to be able to get relative coverage.
Statement coverage is also much easier to visualize. You can just show statements that are covered in green and those that are not in red. But for other coverage variants, it becomes hard to visualize in which branch statement was hit (or not) and by which test.
And the primary reason why it is so much used in industry now is that, being simplest, it was first one used. And users then don't see reason to move to more complex variants (or don't even realize they exist) which creates low demand for actual complex version being implemented and entering people's minds.