• 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 is ‘cheap’ cooking oil scarce in Indonesia?
  • ‘Cheap’ cooking oil has recently become scarce in Indonesia, the world’s largest crude palm oil (CPO) producer. As CPO is the main ingredient for cooking oil producers, accounting for about 80 per cent of production costs, it is ironic that this crisis has occurred.
  • 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.
  • 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).
  • How much does cooking oil cost in Indonesia?
  • Indonesian consumers buy two types of cooking oil: pricier packaged and branded oil, and a subsidised version sold in bulk for lower-income households. The price of branded cooking oil has almost doubled, from about Rp 14,000 per litre in March 2021 to Rp 22,000 per litre in March 2022.
  • Which cooking oils are most popular in Indonesia?
  • Unflavoured/plain, chili/chili pepper and garlic were top flavours (including blends), while palm oil, antioxidants and vitamin A were top ingredients identified during this period. New product launches of cooking oils in Indonesia, January 2017 to December 2022 Dougo Minyak Zaitun (Extra Virgin Olive Oil) has been repackaged.