Indonesia: Soya Bean Market 2022

Soya Bean Market Size in Indonesia

The Indonesian soya bean market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Soya Bean Production in Indonesia

In value terms, soya bean production soared to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Soya bean production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

In 2021, the average soya bean yield in Indonesia dropped to X tons per ha, with a decrease of -X% against the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. The soya bean yield peaked at X tons per ha in 2015; however, from 2016 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of soya beans were harvested in Indonesia; growing by X% compared with 2020. The harvested area increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. The soya bean harvested area peaked at X ha in 2018; however, from 2019 to 2021, the harvested area failed to regain momentum.

Soya Bean Exports

Exports from Indonesia

In 2021, overseas shipments of soya beans decreased by -X% to X tons, falling for the second year in a row after five years of growth. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, soya bean exports skyrocketed to $X in 2021. Overall, exports, however, saw a tangible expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Timor-Leste (X tons) was the main destination for soya bean exports from Indonesia, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Timor-Leste totaled +X%.

In value terms, Timor-Leste ($X) also remains the key foreign market for soya bean exports from Indonesia.

From 2012 to 2021, the average annual growth rate of value to Timor-Leste stood at +X%.

Export Prices by Country

The average soya bean export price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the export price, however, saw a abrupt slump. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Timor-Leste.

From 2012 to 2021, the rate of growth in terms of prices for Timor-Leste amounted to -X% per year.

Soya Bean Imports

Imports into Indonesia

In 2021, approx. X tons of soya beans were imported into Indonesia; approximately reflecting the year before. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, soya bean imports surged to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest soya bean supplier to Indonesia, accounting for a X% share of total imports. Moreover, soya bean imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Argentina (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of soya bean to Indonesia, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Argentina (+X% per year).

Import Prices by Country

In 2021, the average soya bean import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+X%), while the prices for the other major suppliers experienced a decline.

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