Indonesia’s Palm Oil Export Revenue Surges 43% to $24.8 Billion by August
28/10/2025 (Jakarta Globe Indonesia), Jakarta - Indonesia’s palm oil export revenue rose sharply by 43 percent year on year to $24.79 billion in the January-August 2025 period, according to data from the Indonesian Palm Oil Association (Gapki). Export volume also increased by 15 percent to 22.69 million tons, up from 19.68 million tons a year earlier.
Gapki said the growth was supported by improved production and stronger global prices for crude palm oil (CPO). The average CPO price between January and August stood at $1,204 per ton, higher than the $1,009 per ton average recorded over the same period last year.
“Last year, CPO prices were already high, prompting some regions to switch to other vegetable oils. This year, our production has improved,” said Gapki Secretary-General Hadi Sugeng on Tuesday.
Higher exports were recorded across several major destination markets, including Malaysia, China, Africa, the European Union, Russia, and the United States.
Production Also on the Rise
Indonesia’s CPO production reached 35.65 million tons by August 2025, up 13 percent from the same period last year. When combined with palm kernel oil (PKO) output, total national palm oil production stood at 39.03 million tons, also a 13 percent increase year on year.
“We expect full-year output to continue growing compared with last year. Our estimate is a ten percent increase, reaching around 56 to 57 million tons,” Hadi said.
By comparison, total CPO and PKO production in 2024 reached 52.76 million tons, consisting of 48.16 million tons of CPO and 4.59 million tons of PKO.
Domestic palm oil consumption also rose 5 percent to 16.4 million tons through August 2025, driven primarily by biodiesel demand, which grew 12 percent and absorbed 8.3 million tons of CPO. Consumption for food products reached 6.57 million tons, while oleochemical use stood at 1.48 million tons.