Used Cooking Oil Economic Potential

Economics & Macro

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Arofatin Maulina Ulfa 18/08/2020 10:25 WIB

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2019 data from Indonesia's Central Bureau of Statistics (BPS) shows that the value of used cooking oil exports reached US$37.3 million.

Comparison of Indonesian Palm Oil and Used Cooking Oil Exports (US$ Million)

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Used Cooking Oil Economic Potential

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Comparison of Indonesian Palm Oil and Used Cooking Oil Exports (US$ Million)

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Used cooking oil presents a promising economic potential in Indonesia. Data from the Central Bureau of Statistics (BPS) in 2019 shows that used cooking oil exports reached US$37.3 million. This figure has steadily increased over the past five years. In 2015, the value of used cooking oil exports was still at US$10.2 million. The following year, it even doubled to US$21 million.

Despite the increase in used cooking oil exports, palm oil exports show a downward trend. This is despite Indonesia being one of the world's largest palm oil producers. Over the past three years, the value of palm oil exports has remained below US$5,000 million. In 2017, it reached US$4,698 million and continued to decline the following year, reaching only US$3,577 million. In 2019, there was an increase, although not significant, to US$3,640 million.

Editor : Jeany Hartriani

"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."