In 2023, Indonesia's palm oil production level stood at 58.24 million metric tons. From 2024 onwards, forecasted figures show a steady increase: 61.96 million metric tons (2024), 65.63 million metric tons (2025), 69.26 million metric tons (2026), 72.86 million metric tons (2027), and 76.42 million metric tons (2028).
Year-on-year percentage variations reveal growth rates as follows:
- 2024: +6.4% from 2023
- 2025: +5.9% from 2024
- 2026: +5.5% from 2025
- 2027: +5.2% from 2026
- 2028: +4.9% from 2027
The compounded annual growth rate (CAGR) over this five-year period is approximately 5.6%.
Future trends to watch for include potential impacts from environmental policies, global demand fluctuations, and advancements in agricultural practices. Monitoring these factors is crucial for understanding the long-term sustainability and growth potential of Indonesia's palm oil industry.
