Groundnut oil and fractions market in Indonesia

Earlier Report Observations

The market volume for groundnut oil and fractions in Indonesia showed significant fluctuations between 2018 and 2023. From an initial 27 035 t in 2018, it gradually declined to 24 002 t by 2021. A notable recovery to 26 285 t occurred in 2022, but this was followed by a sharp contraction to 23 462 t in the following year.

The market's increase in 2022 aligned with the government's implementation of a highest retail price policy and the launch of the 'Minyakita' program for palm oil. These measures, designed to manage the palm oil market, likely altered consumer and trade dynamics, boosting demand for alternative vegetable oils such as groundnut oil. The subsequent decline in 2023 coincided with emerging compliance issues within the people's palm oil scheme, including product recalls due to violations of set volume and price standards, which introduced instability into the broader edible oil sector.

Underlying these shifts, a trend toward greater consumer awareness of organic and environmentally friendly products, evident from 2021, has provided a supportive context for groundnut oil as a premium option within the vegetable oil market over the observed period.

Production groundnut oil and fractions in Indonesia

In kind, 2018-2021, t

Indonesia was among the world's leading producers of groundnut oil and fractions from 2018 to 2021, ranking 26th globally by production volume.

Top producers of groundnut oil and fractions, 2018-2021

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

Groundnut oil and fractions production in Indonesia declined for the third consecutive year. In 2021, 23,986 tonnes were produced, marking a moderate drop of 3.5% from 2020. Between 2018 and 2021, production decreased by 11.2%, equating to an annualized decline of 3.9%.

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

Exports groundnut oil and fractions from Indonesia

Exports in kind, kg

The market showed signs of volatility over the observed period. Export volumes reached their minimum in 2020 at 9 kg and peaked in 2018, representing a 61-fold shift. In 2021, Indonesia exported 75 kg of groundnut oil and fractions, showing a dramatic improvement of 772.1% compared to the previous year. The largest decline was recorded in 2020 at 93.9%.

Annual dynamics of product's exports from Indonesia in kind, 2018-2021, kg

From 2018 to 2021, Timor-Leste and Germany remained the two key markets for exports in kind, together accounting for 99.2% of total flows.

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

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

Exports in value, K $ US

Volatility characterized the market behavior during these years. The minimum value was recorded in 2019 at 0.1 thousand US dollars, while the maximum was reached in 2021 at 1.0 thousand US dollars, reflecting a 20-fold variation. In 2021, groundnut oil and fractions exports from Indonesia totaled 1.0 thousand US dollars, representing a dramatic increase of 880.7% from 2020. The largest decline was recorded in 2019 at 87.8%.

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

From 2018 to 2021, Germany and Timor-Leste consistently accounted for 86.4% of total exports in value terms, indicating a high degree of concentration alongside a long tail of smaller markets.

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

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

Imports groundnut oil and fractions to Indonesia

Imports in kind, kg

There were noticeable fluctuations in market performance during the period. Import volumes reached their minimum in 2020 at 13,914 kg and peaked in 2019 at 36,287 kg, representing a 2.6-fold variation. In 2021, Indonesia imported approximately 15,829 kg of groundnut oil and fractions, amounting to a substantial increase of 13.8% compared to 2020. The largest decline was recorded in 2020 at 61.7%, while the largest increase occurred in 2019 at 130.7%.

Annual dynamics of product's imports to Indonesia in kind, 2018-2021, kg

In 2018–2021, the country structure of imports in kind was strongly focused on Germany, whose share reached 88.3% of total flows, with other partners accounting for the remaining volume.

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

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

Imports in value, K $ US

Volatility characterized the market behavior during these years. The lowest imports were recorded in 2018, while the highest were in 2019, reflecting a 2-fold gap. In 2021, groundnut oil and fractions deliveries to Indonesia were recorded at 77.6 thousand US dollars, amounting to a steep improvement of 26.2% from 2020. The maximum value was recorded in 2019 at 121.7 thousand US dollars. The largest decline was recorded in 2020 at 49.5%, and the largest increase occurred in 2019 at 97.9%.

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

In 2018–2021, Germany and the United States were the dominant suppliers of groundnut oil and fractions to Indonesia, together taking 91.4% of total imports in value terms, with other partners forming a less significant background.

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

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