Indonesia's import of mineral fuels, oils, and distillation products experienced significant fluctuations over the past decade. A notable decline was observed between 2014 and 2016, with year-on-year variations as low as -23.15%. A recovery phase began in 2017 with a 32.15% increase, followed by moderate growth thereafter. The compound annual growth rate (CAGR) over the last five years has been -0.32%. Forecasts for 2023-2028 indicate a stable growth at a CAGR of 0.81%, suggesting a steady continuation of demand recovery.
Future trends to monitor include global oil price volatility, Indonesia's energy policies aimed at reducing fuel imports, and shifts towards alternative energy sources. These factors will significantly impact import volumes and the overall energy landscape in Indonesia.
