Indonesia's palm oil supply was recorded at 53.57 million metric tons in 2023. From 2024 onwards, the supply is forecasted to grow, reaching 55.43 million metric tons in 2024, 57.35 million metric tons in 2025, 59.26 million metric tons in 2026, 61.15 million metric tons in 2027, and 63.02 million metric tons in 2028.
Year-on-year (YoY) variation for the past two years indicates the following trends:- 2023 to 2024: +3.47%- 2024 to 2025: +3.46%- 2025 to 2026: +3.33%- 2026 to 2027: +3.18%- 2027 to 2028: +3.05%.
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately +3.30%.
Future trends to watch for include increased global demand for sustainable palm oil, regulatory changes in key export markets, and shifts towards alternative crops due to environmental considerations. Monitoring these factors will be crucial for projecting long-term supply dynamics.
