canola oil plant in indonesia

                                               
                                               
                                               
                                               
                                               
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  • Can Canada export cooking oil to Indonesia?
  • Cooking oil imports from Canada, particularly canola and soybean oils, can be viewed as a healthy alternative to the prevalence of palm oil in the Indonesian market, and represent an export opportunity for Canada, as a trusted and capable supplier, of edible oils to Indonesia and the surrounding ASEAN region.
  • Who is the largest cooking oil company in Indonesia?
  • Indofood Sukses Makmur Tbk PT (Brand name; Bimoli and Happy) was the largest cooking oil company in Indonesia with retail sales of US$1.3 billion (36.0% market share) in 2022. According to Mintel's Global New Products Database (GNPD), there were 453 new cooking oil food products launched in Indonesia between January 2017 and December 2022.
  • Why do Indonesians prefer organic edible oils?
  • In Indonesia, more people prefer to choose organic edible oils because it is healthier than the conventional variants. It is also free from synthetic preservatives and goes through less chemical treatment which can lead to healthier consumption.
  • What is Indonesia's largest cooking oil export?
  • Palm oil (HS code: 1511) was Indonesia's largest cooking oil export with values of US$27.8 billion (89.8% market share), followed by palm kernel oil (HS code: 1513) with values of US$3.1 billion (10.1% market share) in 2022. In terms of cooking oil imports, Indonesia imported US$248.5 million, 118.4 million kilograms from global markets in 2022.
  • What was the largest crop produced in Indonesia in 2021?
  • Oil palm fruit was the largest crop produced in Indonesia with 256.6 million tonnes recorded in 2021, representing an increase in CAGR of 1.3% from 243.7 million tonnes produced in 2017. Maize (corn) was the second largest crop with production of 20.0 million tonnes in 2021, despite declining in CAGR by 8.8% from 28.9 million tonnes in 2017.
  • How healthy is Indonesia's cooking oil market?
  • Growth in Indonesia's health and wellness cooking oil category is expected to increase at a larger CAGR of 12.2%, as retail sales reach US$4.1 billion by 2026, as consumers continue to look for edible oils that are perceived to be healthier and attributed to positive health claims (Euromonitor International, 2022).