Palm Oil Exports Reach US$35 Billion in 2021

Agroindustry

Lite

Reza Pahlevi 31/01/2022 13:30 WIB

URL has been copied

Memuat...

This value increased by 52.8% from US$ 22.9 billion in 2020.

Crude Palm Oil Export Value, 2017 - 2021

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Palm Oil Exports Reach US$35 Billion in 2021

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Crude Palm Oil Export Value, 2017 - 2021

Download

Source

A Small Font
A Medium Font
A Bigger Font

The Indonesian Palm Oil Association (Gapki) revealed that crude palm oil (CPO) exports reached US$35 billion in 2021. This figure represents a 52.8% increase from US$22.9 billion in 2020.

This increase in export value is due to the high average CPO price in 2021. The average price reached US$1,194 per ton, 67% higher than the US$715 per ton in 2020.

Despite the increase in export value, CPO production was lower than in 2020. CPO production was recorded at 46.89 million tons in 2021, down from 47.03 million tons in 2020.

The export value in 2021 was the highest in the last five years. In 2017, the export value was recorded at US$22.97 billion. This value increased to US$23 billion in 2018.

Export value decreased to US$20.22 billion in 2019. The following year, export value increased again to US$22.9 billion.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."