Fuel imports in Indonesia are projected to see a steady increase over the next five years. For 2024, the forecasted import value is 19.12% of goods imports, gradually rising to 19.49% by 2028. This trend indicates a consistent year-on-year increase in fuel imports. The yearly percentage growth ranges from 0.42% to 0.46% during this period. Over a longer period, the compound annual growth rate (CAGR) provides an average yearly variation, highlighting a moderate but steady rise in fuel imports.
Future trends to watch for include:
- Global fuel price fluctuations, which could impact the cost and volume of imports.
- Indonesia’s domestic energy production changes, particularly in renewables, which could reduce dependency on fuel imports.
- Government policies aimed at improving energy efficiency and reducing fuel consumption could also play a significant role in future import dynamics.
