Indonesia's import of Polyethylene Terephthalate (PET) has exhibited a general upward trend from 2013 to 2023, reaching 306.1 million kilograms in 2023. The year-on-year variations fluctuated significantly, with a stark decline of 13.4% in 2020 followed by a rebound, including a 19.12% increase in 2021. The compound annual growth rate (CAGR) over the past five years (2018-2023) stands at 4.09%. Furthermore, the forecast for the next five years (2024-2028) suggests a CAGR of 2.65%, projecting PET imports to reach 361.08 million kilograms by 2028.
Future trends to watch for:
- Potential impacts of environmental regulations.- Shifts in domestic production capabilities.- Advances in PET recycling technologies.- Global market fluctuations in raw material prices.
