The maize market in Indonesia saw a generally upward trend from 2014 to 2023, with the market size increasing from 5.88 million metric tons in 2014 to 7.75 million metric tons in 2023. There were minor fluctuations, such as a 1.99% decline in 2017 and a 3.63% drop in 2020. However, the overall growth resumed with an average annual growth rate of 1.31% over the last five years. 2023 showed a year-on-year increase of 1.31%, indicating a stable growth pattern.
The future trends are forecasted to remain positive, with the market size expected to reach 8.27 million metric tons by 2028, suggesting an average annual growth rate of 1.03% and a total growth rate of 5.25% over the next five years. This steady increase points to sustained demand and possibly improved agricultural practices or economic factors supporting maize production.
Future trends to watch for:
-Technology adoption in agriculture for better yields.
-Government policies supporting maize production.
-Climate change impacts on crop production.
-Shifts in domestic and export demand for maize.
