The cassava market size in Indonesia was 13.55 million metric tons in 2023. The market has shown a consistent decline since 2014, with a significant contraction observed. The year-on-year variation reached -3.52% in 2023, and the CAGR over the last five years was -2.29%. The predicted average annual decline over the next five years is -3.35%, leading to a projected market size of 10.97 million metric tons by 2028, which indicates a cumulative decrease of approximately 15.65%.
The period from 2014 to 2023 noted sporadic positive growth years such as in 2019, which saw a 2.42% increase, although most years saw contractions including significant declines of -16.09% in 2018 and -7.72% in 2016. This highlights a market trend moving towards a steady reduction in production volume over the decade.
For the future, market observers should watch for:
- Potential advances in cassava farming techniques
- Shifts in domestic and international demand
- Government policies affecting agricultural production
- Impact of climate change on crop yields
