The maize oil market in Indonesia experienced fluctuations from 2014 to 2023, starting at 8.0 thousand metric tons in 2014 and remaining stable at 9.0 thousand metric tons in 2023. Significant drops occurred in 2015 and 2020, highlighting volatility. The market showed growth bursts in 2016 and post-2020 recovery. The year-on-year variation in 2023 was 0%, maintaining stability, with a 5-year CAGR of 2.38% up to 2023.
Future trends to watch for:
• Gradual yearly growth with a compounded annual growth rate (CAGR) of 0.61% from 2024 to 2028.
• Continued stability in market volumes around 9.39 thousand metric tons by 2028, indicating moderate but steady market potential.
• Potential market opportunities driven by increasing health consciousness and demand for maize oil-based products.
