The oilseeds production in Indonesia has shown considerable fluctuations from 2014 to 2023. As of 2023, it stood at 219.67 million metric tons. The production experienced periods of substantial growth, particularly notable in 2017 and 2018, with year-on-year increases of 8.53% and 13.76% respectively. However, it also faced declines, especially in 2019 and 2020, with decreases of 2.28% and 3.36% respectively. Over the last five years, the compound annual growth rate (CAGR) was 0.84%, indicating moderate but stable growth in recent years.
Looking ahead to the forecasted data from 2024 to 2028, the oilseeds production is expected to continue growing, reaching 237.15 million metric tons by 2028. The projected CAGR for this period is 1.21%, suggesting a steady but modest upward trend.
Future trends to watch for include:
- Technological advancements in agriculture to improve yield.
- Government policies influencing agricultural practices and exports.
- Global market demand for oilseeds and its impact on production incentives.
- Environmental factors such as climate change affecting crop yield stability.
