The forecasted supply of soybean oil in Indonesia remains steady from 2024 to 2028, each year showing a value of 35.0 thousand metric tons. This demonstrates no year-on-year variation. In 2023, the supply also stood at 35.0 thousand metric tons, signifying a stable market devoid of significant fluctuations in recent years. Over the past two years, the supply has exhibited no percentage change, and the same consistency is expected to continue with a zero average variation per year over the last five years (CAGR).
Future trends to watch for include potential policy changes impacting agricultural practices, shifts in global soybean oil demand, and technological advancements in oil extraction processes. Monitoring these trends will be crucial for anticipating any disruptions or growth in the soybean oil market in Indonesia.
