Palm Kernel Market Overview in Indonesia
In value terms, palm kernel production surged to $ in estimated in export prices. Overall, production enjoyed a resilient expansion. The growth pace was the most rapid in 2008 when the production volume increased by % y-o-y. Palm kernel production peaked at $ in 2017; however, from 2018 to , production remained at a lower figure.
The average yield of palm kernels in Indonesia totaled kg per ha in , approximately mirroring the previous year. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The palm kernel harvested area in Indonesia totaled ha in , almost unchanged from 2019. Overall, the harvested area saw a relatively flat trend pattern.
The value of the palm kernel market in Indonesia surged to $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate strong growth. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. Palm kernel consumption peaked in and is likely to see steady growth in years to come.