Report Indonesia - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jun 1, 2025

Indonesia - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights

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Indonesia: Soya Bean Market 2025

Soya Bean Market Size in Indonesia

The Indonesian soya bean market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Soya Bean Production in Indonesia

In value terms, soya bean production soared to $X in 2021 estimated in export price. Overall, production showed a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 122% against the previous year. Soya bean production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The average yield of soya beans in Indonesia fell to X tons per ha in 2021, almost unchanged from 2020 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 59% against the previous year. Over the period under review, the average soya bean yield reached the peak level at X tons per ha in 2015; however, from 2016 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The soya bean harvested area in Indonesia fell slightly to X ha in 2021, approximately equating the year before. The harvested area increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the harvested area increased by 13%. The soya bean harvested area peaked at X ha in 2018; however, from 2019 to 2021, the harvested area stood at a somewhat lower figure.

Soya Bean Exports

Exports from Indonesia

In 2021, overseas shipments of soya beans decreased by -21.3% to X tons, falling for the second year in a row after four years of growth. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 2,767% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, soya bean exports surged to $X in 2021. Over the period under review, exports showed a deep contraction. The growth pace was the most rapid in 2014 with an increase of 5,214%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Timor-Leste (X tons) was the main destination for soya bean exports from Indonesia, accounting for a 98% share of total exports. It was followed by Malaysia (X kg), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Timor-Leste amounted to +14.5%.

In value terms, Timor-Leste ($X) remains the key foreign market for soya bean exports from Indonesia, comprising 96% of total exports. The second position in the ranking was taken by Malaysia ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Timor-Leste totaled +12.6%.

Export Prices by Country

The average soya bean export price stood at $X per ton in 2021, growing by 58% against the previous year. Over the period under review, the export price, however, showed a deep downturn. The pace of growth appeared the most rapid in 2014 an increase of 85% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Timor-Leste stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste (-1.6%), while the prices for the other major destinations experienced a decline.

Soya Bean Imports

Imports into Indonesia

In 2021, imports of soya beans into Indonesia stood at X tons, therefore, remained relatively stable against the year before. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 18%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, soya bean imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of soya bean to Indonesia, with a 86% share of total imports. Moreover, soya bean imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+46.1% per year) and Argentina (+48.6% per year).

In value terms, the United States ($X) constituted the largest supplier of soya bean to Indonesia, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with a 9.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+45.7% per year) and Argentina (+49.0% per year).

Import Prices by Country

The average soya bean import price stood at $X per ton in 2021, jumping by 47% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of soya bean consumption in 2021 were China, the United States and Argentina, together accounting for 68% of global consumption.
The countries with the highest volumes of soya bean production in 2021 were Brazil, the United States and Argentina, with a combined 80% share of global production. These countries were followed by China, India, Paraguay and Canada, which together accounted for a further 14%.
In value terms, the United States constituted the largest supplier of soya bean to Indonesia, comprising 91% of total imports. The second position in the ranking was occupied by Canada, with an 8.8% share of total imports.
In value terms, Timor-Leste remains the key foreign market for soya bean exports from Indonesia, comprising 62% of total exports. The second position in the ranking was occupied by Malaysia, with a 30% share of total exports.
In 2021, the average soya bean export price amounted to $258 per ton, picking up by 31% against the previous year.
In 2021, the average soya bean import price amounted to $402 per ton, leveling off at the previous year.

This report provides an in-depth analysis of the soya bean market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 236 - Soybeans

Country coverage:

  • Indonesia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Indonesia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035
  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012-2024
    6. Imports, In Value Terms, By Country, 2012-2024
    7. Import Prices, By Country, 2012-2024
    8. Exports, In Physical Terms, By Country, 2012-2024
    9. Exports, In Value Terms, By Country, 2012-2024
    10. Exports Prices, By Country, 2012-2024
  12. LIST OF FIGURES

    1. Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, by Product
    11. Average Per Capita Consumption, by Product
    12. Exports and Growth, by Product
    13. Export Prices and Growth, by Product
    14. Production Volume and Growth
    15. Yield and Growth
    16. Exports and Growth
    17. Export Prices and Growth
    18. Market Size and Growth
    19. Per Capita Consumption
    20. Imports and Growth
    21. Import Prices
    22. Production, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Harvested Area: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Yield: Historical Data (2012–2024) and Forecast (2025–2035)
    26. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    27. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    28. Imports, in Physical Terms, by Country, 2024
    29. Imports, in Physical Terms, by Country, 2012-2024
    30. Imports, in Value Terms, by Country, 2012-2024
    31. Import Prices, by Country, 2012-2024
    32. Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    33. Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    34. Exports, in Physical Terms, by Country, 2024
    35. Exports, in Physical Terms, by Country, 2012-2024
    36. Exports, in Value Terms, by Country, 2012-2024
    37. Export Prices, by Country, 2012-2024

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