commercial use do 86 soybean oil machine in indonesia

                                               
                                               
                                               
                                               
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  • How much soybean oil does Indonesia eat a year?
  • Indonesia’s soybean oil consumption is expected to reach 520,000 metric tons by 2026, up from 503,000 metric tons in 2021. This is an average yearly increase of 0.5%. Since 2017, Indonesian demand has grown at a rate of 0.4% annually. In 2021, Indonesia was the seventh-largest consumer, overtaken by Mexico, which consumed 503,000 metric tons.‌
  • Where does Indonesia import soybean oil?
  • Imports In 2023, Indonesia imported $44.8M in Soybean Oil, becoming the 46th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 490th most imported product in Indonesia. Indonesia imports Soybean Oil primarily from: Malaysia ($21.3M), Thailand ($15.7M), Australia ($3.25M), Singapore ($1.74M), and India ($1.36M).‌
  • Which country exports soybean oil in 2023?
  • Exports In 2023, Indonesia exported $73.4M in Soybean Oil, making it the 28th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 300th most exported product in Indonesia.‌
  • Will Indonesia’s B40 biodiesel blending mandate increase palm oil use?
  • Indonesia’s B40 biodiesel blending mandate program, which is expected to roll out in 2025, is projected to increase palm oil use by 3 percent to 22 million metric tons in 2024/25. Soybean consumption recovered in 2023/24 as soybean retail prices continue to decrease.‌
  • Which country exports soybean oil?
  • Soybean Oil ’s highest export potential is Germany. With an export gap of $91.9k. Soybean Oil ’s highest import potential is Brazil with an import gap of $7.58M. See methodology. Find the latest exports, imports and tariffs for Soybean Oil trade in Indonesia.‌
  • Why did Indonesia’s soybean meal use decrease in 2023/24?
  • Weak performance in the feed mill industry reduced 2023/24 soybean meal use lower than previously expected. Due to lower prices, Indonesia’s imports of U.S. soybean meal rose an estimated 43 percent to 167,000 MT in 2023/24. Insight and analysis from FAS’s overseas offices on issues affecting agricultural production and trade.