In 2023, Indonesia's soybeans production at farm gate stood at 448.1 million US dollars. The forecasts for the following years indicate a declining trend: 442.24 million US dollars in 2024, 437.42 million in 2025, 432.74 million in 2026, 428.2 million in 2027, and 423.79 million in 2028. Year-on-year variations show a consistent decrease, with 2024 seeing a -1.3% drop from 2023, 2025 a -1.09% decrease from 2024, 2026 a -1.07% decline from 2025, 2027 a -1.05% reduction from 2026, and 2028 witnessing a -1.03% fall from 2027. The compound annual growth rate (CAGR) over this period is -1.11%, indicating an overall negative trend.
Future trends to watch for include changes in domestic soybean demand, advancements in farming technology, impacts of climate change on crop yields, and shifts in government agricultural policies. These factors could either exacerbate or mitigate the declining trend in soybeans production value.
