The oilseeds market in Indonesia saw fluctuations in volume from 2014 to 2023. In 2023, the market stood at 5.81 million metric tons, reflecting a year-on-year decrease of 0.31%. The market experienced periods of significant changes, such as a decrease of 4.2% in 2015 and an increase of 7.39% in 2016. Over the last two years, the market has remained relatively stable with minimal variations. The 5-year CAGR leading up to 2023 indicates an average annual growth rate of 0.32%, suggesting a trend towards stabilization.
For the future, the forecast from 2024 to 2028 predicts a gradual decline with a 5-year CAGR of -0.26%. This translates to an average annual decrease in market volume, reaching 5.72 million metric tons in 2028.
Future Trends to Watch For:
- Impact of climate change on oilseed production
- Technological advancements in agriculture
- Shifts in domestic and international demand
- Policy changes affecting agribusiness
