The export volume of vegetable oils in Indonesia experienced significant variation from 2014 to 2023. Key fluctuations were seen in 2015 with a 14.8% increase followed by a 12.22% decline in 2016. The volume rebounded with a 17.18% rise in 2017 but saw a 0.44% dip in 2019 and a significant 15.79% drop in 2020. Recoveries occurred in 2021 with a 22.18% increase. Recent years (2022-2023) showed more stability with growth rates around 1.31%.
Future trends to watch include the forecasted moderate but steady growth rate with a 5-year CAGR of 1.04% leading to a 5.29% overall increase by 2028, signaling a cautiously optimistic outlook for Indonesia's vegetable oils export market.
