Market research

Castor oil and fractions market in Indonesia

$Castor oil and fractions market in Indonesia$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

Between 2018 and 2021, the market volume for castor oil and its fractions in Indonesia grew from 3 041 t to 3 234 t. This expansion was supported by ongoing research into industrial applications, particularly for biodiesel production and chemical conversion, which reinforced demand for castor oil as a non‑edible feedstock. Studies on catalytic hydrocracking and biodiesel blend properties highlighted the material's potential in renewable fuels and specialty chemicals.

Market volume then contracted to 2 854 t in 2022 and further to 2 294 t in 2023. The downturn followed the Indonesian Ministry of Trade's introduction of a Highest Retail Price (HET) for cooking oil in January 2022. Although aimed at edible oils, the measure created regulatory uncertainty across the broader vegetable oils sector, while global crude palm oil price fluctuations indirectly weakened the industrial demand environment for castor oil.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Indonesia
  1. 5.1.1. Annual dynamics of production in Indonesia in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Indonesia in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Indonesia in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Indonesia by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Indonesia in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Indonesia by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Indonesia, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Indonesia by countries, 2018-2025, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Indonesia in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Indonesia by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Indonesia in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Indonesia by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Indonesia, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Indonesia by countries, 2018-2025, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Indonesia in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Indonesia by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Indonesia in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Indonesia by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Indonesia, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Indonesia by countries, 2018-2025, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Indonesia in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Indonesia by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Indonesia in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Indonesia by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Indonesia, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Indonesia by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production castor oil and fractions in Indonesia

In kind, 2018-2021, t

From 2018 to 2021, Indonesia ranked 15th globally in terms of castor oil and fractions production volume.

Top producers of castor oil and fractions, 2018-2021

Source: SHEV.io

World map of production of castor oil and fractions, 2018-2021

Source: SHEV.io

Indonesia's castor oil and fractions production increased for the second consecutive year. In 2021, production reached 573.9 t, marking a strong gain of 10.2% compared to 2020. However, over the period from 2018 to 2021, overall production decreased by 4.1%, which equates to an annualized decline of 1.4%. The lowest production was recorded in 2019 at 497.8 t, with the largest decline of 16.8% occurring that same year.

Annual dynamics of production in Indonesia in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(16.8%)	4.6%	10.2%	(1.4%)

Source: SHEV.io

Exports castor oil and fractions from Indonesia

Exports in kind, t

The market exhibited volatility during the observed period. Exports reached their lowest point in 2019 at 22 t, while the highest volume was recorded in 2018, resulting in a 4.2-fold gap between these years. In 2021, castor oil and fractions shipments from Indonesia totaled 77 t, showing a sharp increase of 36.9% compared to the previous year. The largest decline of 76.4% occurred in 2019, whereas the largest increase of 160.2% was recorded in 2020.

Annual dynamics of product's exports from Indonesia in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(76.4%)	160.2%	36.9%	(5.7%)

Source: SHEV.io

From 2018 to 2021, Indonesia's castor oil and fractions exports were primarily directed towards Thailand and Japan, which together accounted for 82.6% of total flows, with other destinations playing a secondary role.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Indonesia in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. Exports hit a trough in 2019 at 53 K $ US and peaked in 2018, with a 2.9-fold difference between these years. In 2021, castor oil and fractions exports from Indonesia totaled 132 K $ US, up by 34.3% compared to 2020. The largest decline of 65.6% was recorded in 2019, while the largest increase of 84.9% occurred in 2020.

Annual dynamics of product's exports from Indonesia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(65.6%)	84.9%	34.3%	(5.1%)

Source: SHEV.io

From 2018 to 2021, Thailand, Japan, and South Korea were the primary buyers of castor oil and fractions from Indonesia in value terms. Thailand accounted for 64.0% of exports, Japan for 13.6%, and South Korea for 6.9%, jointly representing 84.5% of total export value.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Indonesia in value, 2018-2021

Source: SHEV.io

Imports castor oil and fractions to Indonesia

Imports in kind, t

Indonesia's castor oil and fractions imports increased for the second consecutive year. In 2021, imports totaled 2 738 t, which is 3.2% higher than in 2020. Over the period from 2018 to 2021, imports grew by 8%, equating to an annualized rate of 2.6%. The minimum value was recorded in 2019 at 2 469 t, with the largest decline of 2.6% occurring that year. The largest increase of 7.5% was recorded in 2020.

Annual dynamics of product's imports to Indonesia in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.6%)	7.5%	3.2%	2.6%

Source: SHEV.io

From 2018 to 2021, India and Thailand accounted for the bulk of Indonesia's castor oil and fractions imports in kind, jointly representing 98.9% of total flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Indonesia in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

In 2021, Indonesia's castor oil and fractions imports amounted to 4 984 K $ US, up by 22.0% from the previous year. Between 2018 and 2021, imports increased by 17.4%, equating to an annualized growth rate of 5.5%. The minimum value was recorded in 2020 at 4 085 K $ US, with the largest decline of 8.5% occurring that year.

Annual dynamics of product's imports to Indonesia in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	5.1%	(8.5%)	22.0%	5.5%

Source: SHEV.io

From 2018 to 2021, India and Thailand remained the main sources for Indonesia's castor oil and fractions imports in value terms, jointly accounting for 97.7% of total flows, while other partners made up the remainder.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Indonesia in value, 2018-2021

Source: SHEV.io