Maize feed in Indonesia reached 3.05 million metric tons in 2023, marking a decline of 0.39% year-on-year. Over the last five years, it grew at a compound annual growth rate (CAGR) of 3.92%. Historically, from 2014 to 2023, the trend shows significant fluctuations, notably a substantial decrease in 2018 followed by a recovery. The forecast from 2024 onward predicts a slight decline, with a 5-year CAGR of -0.32% and an overall growth rate of -1.61% by 2028.
Future trends to watch for:
- Potential impacts of climate change on maize production.
- Shifts in dietary preferences affecting feed demand.
- Technological improvements in agriculture enhancing yield efficiency.
