Soybean production in Indonesia for 2023 stood at 935 thousand metric tons. Moving into 2024, the production is forecasted to increase to 937.5 thousand metric tons, marking a slight year-on-year increase. From 2024 to 2025, the production is expected to grow by 0.53%, and from 2025 to 2026 by 0.51%. The anticipated year-on-year increase continues with 0.50% from 2026 to 2027, and 0.49% from 2027 to 2028. Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) is approximately 0.51%.
Future trends to watch for include potential impacts of climate change on agricultural yields, innovations in farming technology that may drive productivity, and shifts in domestic soybean demand due to changing dietary patterns or economic factors.
