Rice Production at Farm Gate in Indonesia has shown notable variations over the past decade. In 2023, it stood at 20.69 billion USD. From 2013 to 2017, a general increase was observed, followed by a sharp decline in 2018. Production hit the lowest in 2020 but gradually improved from 2021 onwards. The year-on-year variations highlight a substantial drop in 2020, followed by moderate increases in subsequent years. The CAGR over the last five years has reflected an average annual decrease of 1.99%. Forecasted data indicates a slight declining trend through 2028 with a forecasted 5-year CAGR of -0.47%.
Future trends to watch for include:
- Potential impacts of climate change on rice yields
- Technological advancements in agriculture
- Government policies supporting rice production
- Global market demand fluctuations
