Indonesia's sunflower oil production has showcased significant variations since 2013. The production saw a marked increase from 2.73 thousand metric tons in 2013 to 8.88 thousand metric tons in 2028. The period from 2013 to 2023 demonstrated notable volatility, with the production reaching 7.67 thousand metric tons in 2023. The year-on-year variations have fluctuated greatly, with significant increases in certain years, such as 107.89% in 2015 and a 29.93% hike in 2016, while other years saw reductions like the 7.89% decrease in 2017. Over the last five years leading up to 2023, the CAGR was a stable 2.92%, reflecting a consistent growth trend. The projected CAGR from 2023 to 2028 is 2.32%, indicating moderate but steady growth with an anticipated 12.14% increase over the five-year forecast period.
The key trends to watch for in the future include advancements in agricultural practices, potential shifts in global oilseed markets, changes in domestic consumption patterns, and policy developments impacting sunflower farming in Indonesia. Monitoring these factors will be crucial in understanding future production dynamics.
