The maize export volume for Indonesia has seen significant fluctuations from 2014 to 2023. The actual export volume stood at 391 Thousand Metric Tons in 2023, which represented a 5.39% year-on-year increase. Over the past two years, the volumes have shown steady growth with an average year-on-year variation of around 5-6%. The compound annual growth rate (CAGR) over the last five years was 1%, showing moderate and gradual increases over a longer period.
Key trends to watch for in the future include:
- Continued growth with forecasted volumes reaching 487.86 Thousand Metric Tons by 2028.
- An average forecasted 5-year CAGR of 3.49%, suggesting a steady upward trajectory in export volumes.
- Potential impacts of agricultural policies, climatic conditions, and global maize demand on future export volumes.