The export of ammonia from Indonesia has shown fluctuations over the past decade, peaking at 451.62 million USD in 2018 and experiencing a notable dip to 301.25 million USD in 2017. As of 2023, the export value stood at 451.97 million USD. Year-on-year variations have been significant, including a -23.78% drop in 2016 and a 49.92% increase in 2018. The Compound Annual Growth Rate (CAGR) over the last five years indicates a minimal average yearly increase of 0.015%. Future forecasts predict a CAGR of 1.35%, suggesting a moderate growth trajectory up to 2028.
Future trends to watch for include global ammonia demand shifts driven by fertilizer usage and industrial applications, geopolitical factors affecting trade, and advancements in sustainable ammonia production methods. Monitoring these factors will be crucial for predicting long-term export performance.
