Palm oil domestic industrial consumption in Indonesia stood at 13.0 million metric tons in 2023. Forecasted consumption figures are 14.0 million metric tons for 2024, rising to 18.4 million metric tons in 2028. Year-on-year variations over the past two years show an increase of 7.69% from 2023 to 2024 and 8.0% from 2024 to 2025. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 7.02%.
Future trends to watch for include the impact of government policies promoting biodiesel production, fluctuations in global palm oil prices, and shifts in domestic industrial demand driven by alternative material innovations and sustainability initiatives. Monitoring these factors will be crucial for anticipating consumption patterns and industry dynamics.
