The import of Polyvinyl Chloride (PVC) to Indonesia has shown significant fluctuations from 2013 to 2023. In 2023, PVC imports stood at 63.235 million kilograms. Observing the year-on-year variations, the market saw notable decreases from 2014 through 2018, with the largest drop of 20.4% in 2017. A recovery commenced post-2018, albeit unstable, with minor dips and rebounds, reaching a nominal increase of 0.99% in 2023. Over the last two years, there has been a mild incline compared to the sharp fluctuations earlier, showcasing a relatively stable phase. The compound annual growth rate (CAGR) over the past five years marks a slight increase at 2.88%.
Looking ahead, from 2024 onwards, forecasts indicate a gradual but consistent rise in PVC imports by 0.8% CAGR over the next five years, expecting to reach 66.279 million kilograms by 2028. This suggests a moderately stable growth trajectory.
Future Trends to Watch For:
- Monitor global PVC supply chain dynamics which might influence the import volumes and prices.
- Keep an eye on Indonesia’s domestic PVC production capabilities that could reduce dependency on imports.
- Consider potential regulatory and environmental policies impacting PVC’s usage and importation.
- Economic factors such as GDP growth and construction industry trends as primary PVC usage drivers.
