The maize processing industry in Indonesia has shown a gradual increase from 121.0 thousand metric tons in 2014 to 149.0 thousand metric tons in 2023. Significant year-on-year variations include a peak in 2016 with an 11.11% rise and a slight dip in 2017 with a -1.43% decline. Over the past five years, the market experienced an average growth (CAGR) of 0.97%. Forecasts indicate sustained, albeit slow, growth, expecting the volume to reach 156.0 thousand metric tons by 2028 with a projected CAGR of 0.65%, representing a 3.31% increase over the five-year forecast period.
Future trends to watch for include technological advancements in processing techniques, shifts in domestic demand, policy changes impacting agricultural outputs, and external factors like global market fluctuations and climate change. Key to growth will be sustainable practices and efficient supply chain management.
