Economics & Macro

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Indonesia's Qurban (Sacrifice) Economy Potential Reaches Rp24 Trillion in 2022

Vika Azkiya Dihni 07/07/2022 13:20 WIB

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IDEAS projects the economic potential of this year's qurban (sacrificial animal) in Indonesia to reach Rp24.3 trillion, originating from 2.17 million participants.

Indonesia's Qurban Economic Potential (2021-2022)

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Indonesia's Qurban (Sacrifice) Economy Potential Reaches Rp24 Trillion in 2022

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Indonesia's Qurban Economic Potential (2021-2022)

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Indonesia is the country with the largest Muslim population in the world. Therefore, Indonesia also has significant economic potential in the sacrificial animal (Qurban) industry.

The Institute for Demographic and Poverty Studies (IDEAS) projects that the economic potential of Qurban in Indonesia reached Rp24.3 trillion (approximately US$1.6 billion), originating from 2.17 million Qurban participants in 2022.

This projection shows a slight increase compared to 2021, which was Rp22.3 trillion (approximately US$1.5 billion) from 2.11 million participants.

According to IDEAS, the greatest demand this year is for goats and sheep, approximately 1.31 million head. Meanwhile, the estimated demand for cattle and buffalo is around 519,000 head.

Assuming that goats and sheep weigh between 20-80 kg with a carcass weight of 41%, and cattle and buffalo weigh between 250-750 kg with a carcass weight of 57%, the economic potential of Qurban in 2022 from approximately 1.8 million livestock is equivalent to 106,200 tons of meat.

IDEAS also projects that the largest Qurban potential comes from Java Island, particularly in agglomeration areas with a large population of high-spending Muslims.

The projected Qurban potential in Java consists of 396,000 cattle and buffalo and 936,000 goats and sheep, valued at Rp18.3 trillion (approximately US$1.2 billion) or equivalent to 80,400 tons of meat.

Meanwhile, the largest Qurban in Java is estimated to be in Jabodetabek (Jakarta, Bogor, Depok, Tangerang, and Bekasi), namely 117,000 cattle and buffalo and 280,000 goats and sheep, with a value of Rp5.3 trillion (approximately US$350 million) or equivalent to 24,000 tons of meat.

Other significant Qurban potential in Java comes from the Bandung Raya, Surabaya Raya, Yogyakarta Raya, Malang Raya, and Semarang Raya regions.

(See Also: State-Owned Enterprise PT Berdikari Prepares 2,711 Livestock for Eid al-Adha 2022)

Editor : Adi Ahdiat

"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."