The sunflowerseed oil production in Indonesia has shown substantial growth over the past decade. In 2014, production stood at 2.0 thousand metric tons, significantly increasing to 9.0 thousand metric tons by 2023, demonstrating a year-on-year variation of 12.5%. The compound annual growth rate (CAGR) between 2018 and 2023 was 5.15%, reflecting consistent growth. Notably, between 2014 and 2015, production surged by 150%, the highest annual increase recorded. Historical trends indicate occasional plateaus, as seen in 2017 and 2019, but overall, the long-term trajectory is upward.
Forecasts from 2024 onwards suggest continued growth, with production expected to reach 10.6 thousand metric tons by 2028. The projected CAGR over the next five years is 2.87%, with a forecasted five-year growth rate of 15.22%. This indicates a gradual but steady expansion in production levels.
Future trends to watch for include technological advancements in farming practices, shifts in domestic and international demand, and potential changes in agricultural policies or trade agreements. Additionally, tracking global market prices for sunflowerseed oil and related commodities may provide insights into future production dynamics.
