The demand for maize in Indonesia has shown fluctuating yet generally upward trends between 2014 and 2023. Standing at 34.17 million metric tons in 2023, the annual increase has been evident though variable, with the highest year-on-year growth of 18.74% seen in 2017, followed by periodic declines such as the -2.78% in 2020. The average annual growth rate (CAGR) over the past five years up to 2023 was relatively moderate at 1.72%. Forecasts indicate a continued rise leading to 37.78 million metric tons by 2028, with a forecasted 5-year CAGR of 1.58% and an overall 8.15% growth.
Future trends to watch for include:
- Potential impacts of climate change on maize production and supply.
- Government policies and initiatives towards agricultural sustainability and productivity.
- Changes in domestic consumption patterns and export demands.
- Technological advancements in farming techniques and genetically modified crops.
