Soybean Oilcake Market Overview in Indonesia
In value terms, soybean oilcake production soared to $ in 2019 estimated in export prices. Overall, production, however, saw a mild downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by % year-to-year. Over the period under review, production hit record highs at $ in 2008; however, from 2009 to 2019, production failed to regain the momentum.
The value of the soybean oilcake market in Indonesia shrank to $ in 2019, reducing 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). Overall, the total consumption indicated a tangible expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of % year-to-year. Soybean oilcake consumption peaked at $ in 2014; however, from 2015 to 2019, consumption remained at a lower figure.