Between 2014 and 2023, Indonesia's oilseeds processing industry experienced notable fluctuations in annual growth rates. Starting at 140.2 million metric tons in 2014, the sector saw a peak of 190.82 million metric tons in 2018, driven by a 16.39% year-on-year increase. From 2019 onwards, growth rates stabilized, with the most recent recorded year-on-year variation for 2023 being 1.84%, taking the industry's value to 200.87 million metric tons. The five-year compound annual growth rate (CAGR) from 2019 to 2023 was 1.03%.
Looking forward to the forecast from 2024 to 2028, the sector is projected to maintain a steady growth trajectory, reaching 217.95 million metric tons. The forecasted five-year CAGR is 1.29%, implying a stable but moderate expansion. Future trends to watch include the impact of technological advancements on processing efficiency, potential shifts in global demand, and Indonesia's domestic policy changes affecting agriculture and trade.
