Top 10 Largest Palm Oil Companies in Indonesia in 2022

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Adi Ahdiat 25/10/2023 18:40 WIB

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According to data compiled by The Science Agriculture, the largest palm oil company in Indonesia in 2022 was Sinar Mas Agro Resources and Technology (SMART).

Top 10 Largest Palm Oil Companies in Indonesia by Total Asset Value (2022)

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Top 10 Largest Palm Oil Companies in Indonesia by Total Asset Value (2022)

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Indonesia is the world's largest producer of palm oil.

According to data from the United States Department of Agriculture (USDA), during the 2019-2022 period, Indonesia produced between 42-46 million tons of palm oil per year, equivalent to 58-59% of total global production.

Given Indonesia's strong role in the global palm oil supply chain, it is not surprising that several domestic palm oil companies possess significant assets.

According to data compiled by The Science Agriculture, the largest palm oil company in Indonesia in 2022 was Sinar Mas Agro Resources and Technology (SMART).

"SMART manages approximately 136 hectares of palm oil plantations in Indonesia, including plantations managed jointly with local farmer partners," said The Science Agriculture team in its report.

"In addition to agronomy, SMART also processes its harvested palm oil into various products, such as cooking oil, margarine, biodiesel, oleochemicals, and other derivative products," it continued.

By the end of 2022, SMART had recorded total assets of approximately Rp42.6 trillion, far exceeding other palm oil companies.

Here is a complete list of the 10 largest palm oil companies in Indonesia based on their total asset value in 2022:

1. Sinar Mas Agro Resources and Technology (SMART): Rp42.6 trillion
2. Salim Ivomas Pratama: Rp36.1 trillion
3. Astra Agro Lestari: Rp29.2 trillion
4. First Resources: Rp25.6 trillion
5. Tunas Baru Lampung: Rp23.7 trillion
6. Dharma Satya Nusantara: Rp15.4 trillion
7. Triputra Agro Persada: Rp14.5 trillion
8. Sawit Sumbermas Sarana: Rp13.7 trillion
9. PP London Sumatra Indonesia: Rp12.4 trillion
10. Eagle High Plantations: Rp12.2 trillion

"This data was obtained from the 2022 annual reports of each company. The companies we analyzed are public companies, while private companies were not included due to a lack of access to their financial statements," said The Science Agriculture team.

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."

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Top 10 Largest Palm Oil Companies in Indonesia in 2022

Top 10 Largest Palm Oil Companies in Indonesia in 2022

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Top 10 Largest Palm Oil Companies in Indonesia in 2022

Top 10 Largest Palm Oil Companies in Indonesia in 2022

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