What is the price of soyabean oil per kilogram/pound in Indonesia today?
The retail price range for Indonesia soyabean oil is between US$ 7.76 and US$ 8.81 per kilogram or between US$ 3.52 and US$ 3.99 per pound(lb). Click here to see today's exact prices of soyabean oil in Indonesia
The retail price range in Rupiah for soyabean oil is between IDR 129,354.08 and IDR 146,812.92 per kilogram or between IDR 58,663.98 and IDR 66,581.82 per pound(lb) in Jakarta and Surabaya.
Wholesale prices
In 2024, the approximate wholesale price range for Indonesia soyabean oil is between US$ 5.43 and US$ 6.17 per kilogram or between US$ 2.46 and US$ 2.80 per pound(lb).
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Indonesia Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price of Soyabean oil from Indonesia over the last five years has been quite volatile. In 2016, the price per kilogram was 1.67 US dollars, dropping to 0.39 US dollars in 2017. This was followed by a sharp increase to 6.00 US dollars in 2018, before dropping again to 0.98 US dollars in 2019. The price then rose again to 6.00 US dollars in 2020. Based on this data, it is likely that the export price of Soyabean oil from Indonesia will remain around 6.00 US dollars in 2023 and 2024.The exports of soyabean oil from Indonesia are categorised as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
Indonesia Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price of Soyabean oil into Indonesia has seen a significant fluctuation over the past five years. In 2016, the price per kilogram was 1.67 US dollars. This dropped to 0.39 US dollars in 2017, before rising to 6.00 US dollars in 2018. The price then dropped again to 0.98 US dollars in 2019, before rising back to 6.00 US dollars in 2020. Looking ahead, it is difficult to predict the exact prices for 2023 and 2024. However, based on the data from the past five years, it is likely that the prices will continue to fluctuate.Export values for Indonesia soyabean oil
The total values in export for soyabean oil in Indonesia were US$ 5, US$ 16,466, US$ 240 and US$ 59 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Indonesia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of soyabean oil in other countries across Asia: Kazakhstan soyabean oil, Kyrgyzstan soyabean oil, Tajikistan soyabean oil, Turkmenistan soyabean oil, Uzbekistan soyabean oil, China soyabean oil, Hong Kong soyabean oil, Macao soyabean oil, North Korea soyabean oil & Mongolia soyabean oil.
Indonesia soyabean oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Indonesia exported 60 tonnes of soyabean oil. Through 2019 alone, the interest in Indonesia soyabean oil (processed category) has gone up, flactuating by 50 per cent compared to the year 2018. Between 2017 and 2019, soyabean oil's exports reduced by -99.86% netting the country US$0.06m for the year 2019. Indonesia's soyabean oil exports are categorised as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
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Indonesia soyabean oil export values
In 2019, Indonesia shipped soyabean oil with a value of 0.06m USD, a drop of -75.00% from 2018's total soyabean oil export of 0.24m USD. The yearly change in value of Indonesia soyabean oil between 2017 to 2018 was -98.542%.
The annual/yearly variation in the amount of Indonesia's soyabean oil exports between 2017 and 2019 was -99.86 pc compared to a variation of 50% in the period between 2018 and 2019.
Indonesia's portion of the world's total soyabean oil's exports in 2019 was less than 1%. Indonesia is ranked number 24 in world exports of soyabean oil.
Export markets for Indonesia soyabean oil ( in '000$ )
Indonesia's leading export markets for soyabean oil are Malaysia, India, the Netherlands, Pakistan and Timor-Leste.
Import/Export Trends
Indonesia is a net exporter of soyabean oil. The annual growth of Indonesia soyabean oil in value between 2015 to 2019 was -13%, per annum, while annual growth in quantity during the same period was -9%, per annum.
Indonesia purchased 34,400 tonnes of soyabean oil in 2019.