The soybean supply in Indonesia is forecasted to grow steadily from 2024 to 2028. Starting at 3.03 million metric tons in 2024, the supply is anticipated to increase to 3.13 million metric tons by 2028. This represents a gradual year-on-year growth, with increments of around 0.98% to 1.01% annually. Given that the supply was at 2.98 million metric tons in 2023, the compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 stands at approximately 0.99%.
Future trends to watch include potential impacts of climate change on agricultural productivity, shifts in global soybean demand, and Indonesia's policy on sustainable farming practices. These factors could significantly influence the supply and pricing dynamics of soybeans in the country.
