Palm Oil Market in Indonesia
In value terms, palm oil production shrank to $ in estimated in export price. In general, the total production indicated a strong increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2019 indices. The pace of growth appeared the most rapid in 2010 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in , and then shrank in the following year.
The value of the palm oil market in Indonesia declined to $ in , which is down 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). Over the period under review, consumption, however, enjoyed resilient growth. Palm oil consumption peaked at $ in , and then declined in the following year.