Best answer: How much money does palm oil bring to Indonesia?

How big is the palm oil industry in Indonesia?

Indonesia is the world’s top producer and exporter of palm oil. In 2020, its production of this commodity amounted to around 48.3 million metric tons. The production volume in 2021 was expected to remain flat, due to low fertilizer usage and dry weather.

What percentage of palm oil does Indonesia produce?

Global palm oil production is dominated by Indonesia and Malaysia. These two countries, together, account for around 85 to 90 percent of total global palm oil production. Indonesia is the largest producer and exporter of palm oil worldwide.

Palm Oil in Indonesia.

Production (million tons)
2014 10.7
2015 11.4
2016 11.8

How much does palm oil contribute to GDP?

The country produces more than 30 million tons of palm oil per year generating 4.5% of its GDP and giving employment to 3 million people. With steady double-digit growth rates, the sector has become vital to the country´s economy.

How much money does the palm oil industry worth?

The global market for Palm Oil estimated at US$42.8 Billion in the year 2020, is projected to reach a revised size of US$57.2 Billion by 2026, growing at a CAGR of 5% over the analysis period.

IT IS IMPORTANT:  What plant is Thai?

How much of Indonesia is forest?

According to the U.N. FAO, 52.1% or about 94,432,000 ha of Indonesia is forested, according to FAO. Of this 50.0% ( 47,236,000 ) is classified as primary forest, the most biodiverse and carbon-dense form of forest.

How much land is palm oil plantations in Indonesia?

Size of oil palm plantations Indonesia 2010-2019

In 2019, the total size of oil palm plantations in Indonesia was around 14.6 million hectares.