In 2023, Indonesia's palm oil production at the farm gate was valued at 20.45 billion Euros. For 2024, the forecast shows a production value of 21.15 billion Euros, a year-on-year increase of 3.4% from 2023. This upward trend continues, with 2025 forecasted at 21.98 billion Euros (3.9% increase), 2026 at 22.8 billion Euros (3.7% increase), 2027 at 23.61 billion Euros (3.5% increase), and 2028 at 24.42 billion Euros (3.4% increase). The compound annual growth rate (CAGR) from 2023 to 2028 stands at 3.58%.
Future trends to watch for:
- Potential impacts of climate change on palm oil yield.
- Shifts in global demand and pricing influenced by sustainability practices.
- Government policy changes affecting production regulations.
- Technological advancements in agricultural practices.
