In 2023, Indonesia's Palm Kernel Oil exports stood at 1.45 million metric tons. Based on the forecasted data, we see a slight decline in the exports volume over the next few years:
- In 2024: a decrease to 1.43 million metric tons (-1.38% YoY)
- In 2025: a further decrease to 1.41 million metric tons (-1.40% YoY)
- In 2026: a continued decline to 1.40 million metric tons (-0.71% YoY)
- In 2027: a reduction to 1.39 million metric tons (-0.71% YoY)
- In 2028: another drop to 1.38 million metric tons (-0.72% YoY)
The compound annual growth rate (CAGR) over the last five years is approximately -1.00%, indicating a consistent, albeit slight, reduction in export volumes.
Future trends to watch:
- Changes in global demand for palm kernel oil, especially from major importers.
- Environmental and sustainability regulations impacting production and exports.
- Technological advancements and efficiency improvements in palm oil extraction.
- Potential shifts in trade policies or tariffs affecting Indonesian exports.
