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Indonesian Palm Oil Export Analysis

Year 2023, Volume: 18 Issue: 2, 100 - 109, 18.12.2023
https://doi.org/10.54975/isubuzfd.1355445

Abstract

Palm oil is a plantation commodity essential to economic occupation in Indonesia due to its capability to make plant-based oil, which is critical to the manufacturing sector. This study aims to analyze the factors affecting Indonesian palm oil exports between 1990-2019. The methods used in this study are testing regression prerequisites (normality and linearity test), classical assumption (multicollinearity, heteroscedasticity, and autocorrelation test), and multiple linear regression (F, t, and R2) to analyze the factors that affect Indonesian palm oil exports. Based on the outcomes of the F test, it is evident that palm oil production, the USD exchange rate against the IDR, and the global palm oil price collectively influence palm oil exports. As per the t-test results, both production levels and global palm oil prices significantly impact Indonesian palm oil exports. However, the US dollar to Indonesian rupiah exchange rate does not significantly affect palm oil exports due to its fluctuating nature in both the short and long term. These fluctuations introduce uncertainty for exporters engaged in long-term trade agreements with foreign nations. According to the R2 test results, palm oil production, the USD exchange rate against the IDR, and the world palm oil price had a 96.5% impact on Indonesian palm oil exports.

Ethical Statement

As the authors of this study, we declare that we do not have any ethics committee approval.

Thanks

I want to express my deepest gratitude to my supervisor, Prof. Vecdi DEMIRCAN, for his guidance, patience, kindness, and support while writing this thesis. I wish him health, happiness, and a blessed life forever.

References

  • Astra, A. L. (2022). Top harga sawit rekor lagi termahal sepanjang masa. PT Astra Agro Lestari Tbk. Retrieved October 06, 2022, from https://www.astra-agro.co.id/2022/01/28/top-harga-sawit-rekor-lagi-termahal-sepanjang-masa/.
  • BPS (2018). Indonesian oil palm statistics 2018. ISSN:1978-9947. PN:05130.1920. BPS C:5504003. Statistics Indonesia, Jakarta.
  • BPS (2019). Indonesian oil palm statistics 2019. ISSN:1978-9947. PN:05130.2002. BPS C:5504003. Statistics Indonesia, Jakarta.
  • BPS (2020). Indonesian oil palm statistics 2020. ISSN: 1978-9947. PN:05100.2111. BPS C:5504003. Statistics Indonesia, Jakarta.
  • DGEIMA (2022). Statistical of national leading estate crops commodity 2021-2023. Director General of Estate Indonesian Ministry of Agriculture, Jakarta.
  • Ewaldo, E. (2015). Analisis ekspor minyak sawit Indonesia. E-Jurnal Perdagangan, Industri dan Moneter, 3(1), 10-15. https://doi.org/10.22437/pim.v3i1.3988
  • Gani, I., & Amali, S. (2015). Alat Analisis Data Aplikasi Statistik untuk Penelitian Bidang Ekonomi dan Sosial. Penerbit Andi, Yogyakarta.
  • Ghozali, I. (2001). Pengantar Ilmu Ekonomi Makro, Edisi Revisi. Penerbit Kanisius, Yogyakarta.
  • Ghozali, I. (2007). Aplikasi Analisis Multivariate dengan Program SPSS. Semarang, Universitas Diponegoro.
  • Gujarati, D. (1988). Ekonometrika Dasar. Erlangga, Jakarta.
  • Herman (2021). Industri kelapa sawit jadi tulang punggung ekonomi Indonesia. Berita Satu. Retrieved October 07, 2022, from https://www.beritasatu.com/ekonomi/855085/industri-kelapa-sawit-jadi-tulang-punggung-ekonomi-indonesia.
  • Indexmundi (2022a). Palm oil exports by country in 1000 MT. Indexmundi. Retrieved October 06, 2022, from https://www.indexmundi.com/agriculture/?commodity=palm-oil&graph=exports.
  • Indexmundi (2022b). Palm oil production by country in 1000 MT. Indexmundi. Retrieved October 06, 2022, from https://www.indexmundi.com/agriculture/?commodity=palm-oil. Irawan, H. (2018). Analisis Faktor-Faktor yang Mempengaruhi Ekspor Minyak Kelapa Sawt Indonesia (1995-2015). Skripsi, Fakultas Ekonomi Universitas Islam Indonesia.
  • Komalasari, I. (2009). Analisis faktor-faktor yang mempengaruhi penawaran ekspor biji kakao indonesia. Institut Pertanian Bogor University Scientific Repository. Retrieved April 20, 2023, from http://repository.ipb.ac.id/handle/123456789/12960.
  • Nurussalam, K. N., & Shofwan (2019). Faktor – Faktor yang Mempengaruhi Ekspor Crude Palm Oil (CPO) Indonesia ke Tiongkok (Studi Kasus Periode 2009 – 2016). Skripsi Jurusan Ilmu Ekonomi, Fakultas Ekonomi dan Bisnis, Universitas Brawijaya, Malang.
  • Sudjana, S. (2006). Penilaian Hasil Proses Belajar Mengajar. PT Remaja Rosdakarya, Bandung.
  • Sugiyono (1997). Statistic untuk Penelitian. Bandung, Alfabeta Suki.
  • Supranto, J. (1984). Metode Ramalan Kuantitatif untuk Perencanaan. Jakarta, Penerbit Erlangga.
  • World Bank (2023). World bank commodity price data (the pink sheet), monthly prices in nominal US dollars 1960 to present. Retrieved March 07, 2023, from https://databank.worldbank.org/databases/commodity-price-data.

Endonezya Palm Yağı İhracat Analı̇zı̇

Year 2023, Volume: 18 Issue: 2, 100 - 109, 18.12.2023
https://doi.org/10.54975/isubuzfd.1355445

Abstract

Palmiye yağı, sanayi sektörünün çok ihtiyaç duyduğu bitkisel yağı üretme potansiyeli nedeniyle Endonezya'nın ekonomik faaliyetleri için gerekli olan bitkisel bir ürünüdür. Bu çalışma, 1990-2019 yılları arasında Endonezya'nın palm yağı ihracatını etkileyen faktörleri analiz etmeyi amaçlamıştır. Çalışmada, palm yağı ihracatını etkileyen faktörleri analiz etmek için regresyon ön koşullarının test edilmesi (normallik ve doğrusallık testi), klasik varsayım (çoklu doğrusallık, değişen varyans ve otokorelasyon testi) ve çoklu doğrusal regresyon yöntemleri kullanılmıştır (F, t ve R2). F testi sonuçlarına göre palm yağı üretimi, IDR (Endonezya Rupiahı) karşısındaki USD döviz kuru ve dünya palm yağı fiyatı eş zamanlı olarak palm yağı ihracatı etkilemektedir. Öte yandan, t-testi sonuçlarına göre, üretim ve dünya palm yağı fiyatları Endonezya palm yağı ihracatını anlamlı bir şekilde etkilemektedir. ABD dolarının Endonezya Rupiahı karşısındaki döviz kuru palm yağı ihracatı üzerinde anlamlı bir etkiye sahip değildir, çünkü uzun ve kısa vadede Rupiahın dolar karşısındaki döviz kurunda yükselme ve düşme eğilimi gösteren dalgalanmalar vardır, bu da diğer ülkelerle uzun vadeli alım ve satım sözleşmeleri yapan ihracatçılar için belirsizlik yaratmaktadır. R2 testi sonuçlarına göre, palm yağı üretimi, IDR karşısındaki USD döviz kuru ve dünya palm yağı fiyatı, Endonezya palm yağı ihracatı üzerinde %96.5'lik bir etkiye sahiptir.

Ethical Statement

As the authors of this study, we declare that we do not have any ethics committee approval.

Thanks

I want to express my deepest gratitude to my supervisor, Prof. Vecdi DEMIRCAN, for his guidance, patience, kindness, and support while writing this thesis. I wish him health, happiness, and a blessed life forever.

References

  • Astra, A. L. (2022). Top harga sawit rekor lagi termahal sepanjang masa. PT Astra Agro Lestari Tbk. Retrieved October 06, 2022, from https://www.astra-agro.co.id/2022/01/28/top-harga-sawit-rekor-lagi-termahal-sepanjang-masa/.
  • BPS (2018). Indonesian oil palm statistics 2018. ISSN:1978-9947. PN:05130.1920. BPS C:5504003. Statistics Indonesia, Jakarta.
  • BPS (2019). Indonesian oil palm statistics 2019. ISSN:1978-9947. PN:05130.2002. BPS C:5504003. Statistics Indonesia, Jakarta.
  • BPS (2020). Indonesian oil palm statistics 2020. ISSN: 1978-9947. PN:05100.2111. BPS C:5504003. Statistics Indonesia, Jakarta.
  • DGEIMA (2022). Statistical of national leading estate crops commodity 2021-2023. Director General of Estate Indonesian Ministry of Agriculture, Jakarta.
  • Ewaldo, E. (2015). Analisis ekspor minyak sawit Indonesia. E-Jurnal Perdagangan, Industri dan Moneter, 3(1), 10-15. https://doi.org/10.22437/pim.v3i1.3988
  • Gani, I., & Amali, S. (2015). Alat Analisis Data Aplikasi Statistik untuk Penelitian Bidang Ekonomi dan Sosial. Penerbit Andi, Yogyakarta.
  • Ghozali, I. (2001). Pengantar Ilmu Ekonomi Makro, Edisi Revisi. Penerbit Kanisius, Yogyakarta.
  • Ghozali, I. (2007). Aplikasi Analisis Multivariate dengan Program SPSS. Semarang, Universitas Diponegoro.
  • Gujarati, D. (1988). Ekonometrika Dasar. Erlangga, Jakarta.
  • Herman (2021). Industri kelapa sawit jadi tulang punggung ekonomi Indonesia. Berita Satu. Retrieved October 07, 2022, from https://www.beritasatu.com/ekonomi/855085/industri-kelapa-sawit-jadi-tulang-punggung-ekonomi-indonesia.
  • Indexmundi (2022a). Palm oil exports by country in 1000 MT. Indexmundi. Retrieved October 06, 2022, from https://www.indexmundi.com/agriculture/?commodity=palm-oil&graph=exports.
  • Indexmundi (2022b). Palm oil production by country in 1000 MT. Indexmundi. Retrieved October 06, 2022, from https://www.indexmundi.com/agriculture/?commodity=palm-oil. Irawan, H. (2018). Analisis Faktor-Faktor yang Mempengaruhi Ekspor Minyak Kelapa Sawt Indonesia (1995-2015). Skripsi, Fakultas Ekonomi Universitas Islam Indonesia.
  • Komalasari, I. (2009). Analisis faktor-faktor yang mempengaruhi penawaran ekspor biji kakao indonesia. Institut Pertanian Bogor University Scientific Repository. Retrieved April 20, 2023, from http://repository.ipb.ac.id/handle/123456789/12960.
  • Nurussalam, K. N., & Shofwan (2019). Faktor – Faktor yang Mempengaruhi Ekspor Crude Palm Oil (CPO) Indonesia ke Tiongkok (Studi Kasus Periode 2009 – 2016). Skripsi Jurusan Ilmu Ekonomi, Fakultas Ekonomi dan Bisnis, Universitas Brawijaya, Malang.
  • Sudjana, S. (2006). Penilaian Hasil Proses Belajar Mengajar. PT Remaja Rosdakarya, Bandung.
  • Sugiyono (1997). Statistic untuk Penelitian. Bandung, Alfabeta Suki.
  • Supranto, J. (1984). Metode Ramalan Kuantitatif untuk Perencanaan. Jakarta, Penerbit Erlangga.
  • World Bank (2023). World bank commodity price data (the pink sheet), monthly prices in nominal US dollars 1960 to present. Retrieved March 07, 2023, from https://databank.worldbank.org/databases/commodity-price-data.
There are 19 citations in total.

Details

Primary Language English
Subjects Agricultural Economics
Journal Section Research
Authors

Zahraturrahmi Zahraturrahmı 0000-0003-0373-0108

Vecdi Demircan 0000-0002-0124-6075

Early Pub Date December 13, 2023
Publication Date December 18, 2023
Submission Date September 5, 2023
Acceptance Date November 17, 2023
Published in Issue Year 2023 Volume: 18 Issue: 2

Cite

APA Zahraturrahmı, Z., & Demircan, V. (2023). Indonesian Palm Oil Export Analysis. Ziraat Fakültesi Dergisi, 18(2), 100-109. https://doi.org/10.54975/isubuzfd.1355445

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