Market research

Palm oil and fractions market in Indonesia

$Palm oil and fractions market in Indonesia$

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

From 2018 to 2021, the domestic market for palm oil and fractions in Indonesia expanded from 12.7 million tons to 24.1 million tons. The sharp increase in 2019, when market volume jumped by nearly 50% to 18.9 million tons, occurred without major reported policy shifts. After a flat 2020, growth resumed in 2021, reaching 24.1 million tons. This surge was supported by rising demand from the food, oleochemical, and cosmetics industries, as well as the mandatory B30 biodiesel program, which boosted consumption. Additionally, the industry operated at only about 50% of its total installed capacity, allowing production to scale up quickly to meet higher demand.

In 2022, market volume contracted by 9% to 21.8 million tons. The decline followed the government's export ban on palm oil and fractions imposed in April 2022, aimed at securing domestic cooking oil supply. The ban, together with the Domestic Market Obligation (DMO) and Domestic Price Obligation (DPO) schemes, disrupted supply chains and created shortages, ultimately reducing overall market availability. In 2023, the market shrank slightly further to 21.0 million tons as authorities rolled out new regulations, including Trade Minister Regulation No. 18 of 2024, and assigned state-owned enterprises to distribute bulk cooking oil at controlled prices, which helped stabilize production but kept volumes below the 2021 peak.

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, K 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, K 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, K 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, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Indonesia in kind, 2018-2025, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Indonesia by countries, 2018-2025, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Indonesia in value, 2018-2025, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Indonesia by countries, 2018-2025, M $ 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/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Indonesia, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Indonesia by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Indonesia in kind, 2018-2025, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Indonesia by countries, 2018-2025, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Indonesia in value, 2018-2025, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Indonesia by countries, 2018-2025, M $ 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/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Indonesia, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Indonesia by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Indonesia in kind, 2018-2025, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Indonesia by countries, 2018-2025, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Indonesia in value, 2018-2025, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Indonesia by countries, 2018-2025, M $ 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/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Indonesia, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Indonesia by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Indonesia in kind, 2018-2025, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Indonesia by countries, 2018-2025, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Indonesia in value, 2018-2025, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Indonesia by countries, 2018-2025, M $ 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/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Indonesia, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Indonesia by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ 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 palm oil and fractions in Indonesia

In kind, 2018-2021, K t

Globally, Indonesia was the leading producer of palm oil and fractions from 2018 to 2021.

Top producers of palm oil and fractions, 2018-2021

Source: SHEV.io

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

Source: SHEV.io

In 2021, Indonesia produced 49 710 K t of palm oil and fractions, marking a solid increase of 11.1% compared to 2020. Over the period from 2018 to 2021, production grew by 22.5%, which translates to an annualized rate of 7.0%. The largest increase occurred in 2019 at 16.2%, while the largest decline was in 2020 at 5.0%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	16.2%	(5.0%)	11.1%	7.0%

Source: SHEV.io

Exports palm oil and fractions from Indonesia

Exports in kind, K t

Indonesia's export volume of palm oil and fractions declined for the second year in a row. In 2021, exports totaled 25 624 K t, showing a slight decrease of 1.2% from the previous year. From 2018 to 2021, exports fell by 8.1%, with an annualized rate of 2.8%. The highest export volume was recorded in 2019 at 28 279 K t, which also saw the largest increase of 1.4%. The largest decline occurred in 2020 at 8.3%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	1.4%	(8.3%)	(1.2%)	(2.8%)

Source: SHEV.io

Between 2018 and 2021, Indonesia's exports of palm oil and fractions in kind were not heavily concentrated. India accounted for 17.2% of exports, China for 15.7%, and Pakistan for 9.1%, with these three countries together making up only 42.0% of total flows.

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, M $ US

Indonesia's exports of palm oil and fractions in value terms increased for the second consecutive year. In 2021, exports reached 26 755 M $ US, reflecting a significant rise of 54.1% from the year before. Over the 2018-2021 period, exports grew by 61.9%, with a compound annual growth rate of 17.4%. The lowest value was in 2019 at 14 716 M $ US, which also experienced the largest decline of 11.0%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(11.0%)	18.0%	54.1%	17.4%

Source: SHEV.io

From 2018 to 2021, Indonesia's export portfolio for palm oil and fractions in value terms was quite broad. India represented 16.1% of exports, China 15.2%, and Pakistan 9.3%, with these three countries together accounting for only 40.7% of total flows.

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 palm oil and fractions to Indonesia

Imports in kind, K t

The market showed signs of volatility during the observed period. The highest import volume was in 2019, while the lowest was in 2021, with a peak-to-trough ratio of 257 times. In 2021, Indonesia imported 0.4 K t of palm oil and fractions, representing a steep contraction of 62.0% compared to 2020. The maximum volume was recorded in 2019 at 93 K t, which also saw the largest increase of 11,457.1%. The largest decline occurred in 2020 at 99.0%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	11 457.1%	(99.0%)	(62.0%)	(23.3%)

Source: SHEV.io

Between 2018 and 2021, Indonesia's imports of palm oil and fractions in kind were highly concentrated, with Malaysia accounting for 92.8% 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, M $ US

The market exhibited an unstable trend throughout the timeframe. The highest import value was reached in 2019, while the lowest was in 2021, with a peak-to-trough ratio of 66 times. In 2021, Indonesia imported 1 M $ US of palm oil and fractions, constituting a steep drop of 26.1% from the previous year. The maximum value was recorded in 2019 at 46 M $ US, which also experienced the largest increase of 4,878.1%. The largest decline occurred in 2020 at 97.9%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	4 878.1%	(97.9%)	(26.1%)	(8.8%)

Source: SHEV.io

From 2018 to 2021, Indonesia's import base for palm oil and fractions in value terms was extremely narrow, with Malaysia alone responsible for 91.3% of total flows.

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