The data shows that Indonesia's oil crops yield has demonstrated a mixed trend from 2013 to 2023, with slight fluctuations year-on-year. In 2023, the yield stood at 150.04 thousand hectograms per hectare, reflecting a steady increase despite some annual variations. Over the last two years, the year-on-year growth rates have been positive, with 1.22% in 2022 and 1.18% in 2023. The compound annual growth rate (CAGR) over the past five years up to 2023 was approximately 1.25%, indicating a moderate but consistent growth.
Future trends to watch for include:
- A predicted average annual growth rate of 0.94% over the next five years, translating to a cumulative growth rate of 4.76% by 2028.
- Potential impacts of climate change, governmental agricultural policies, and technological advancements in farming that could influence yield stability and productivity.
- Fluctuations in global oil crop demand and prices which may affect local production strategies and outputs.