Indonesia Fertilizer Industry Research Report 2024-2033: Development Environment, Supply and Demand, Import and Export, Competition, Major Brands, Outlook [Yahoo! Finance]
WILMAR INTL LTD UNSP/ADR (WLMIY)
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Source: Yahoo! Finance
Indonesia is the fourth most populous country in the world and an important agricultural country. The overall demand for fertilizers in Indonesia is showing an increasing trend. In 2021, Indonesia's agricultural land reached 64.6 million hectares, and the cultivated land area reached 26.3 million hectares. The cultivated land area accounted for 13.9% of the country's land area. According to statistics, 45% of Indonesia's population lives in rural areas, and more than 90% of those engaged in agriculture are small farmers. Farms account for 32% of Indonesia's total land area, and agricultural production accounts for 14% of the gross domestic product (GDP). Indonesia is also the world's third largest exporter of cocoa and rubber, and increased export-oriented crop cultivation has led to rising demand for fertilizers in Indonesia. In 2023, Indonesia's fertilizer imports reached US$ 2.03 billion, and Indonesia is one of the world's largest fertilizer importers. In 2020-2022, the COVID
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