The import of 2,2-Oxydiethanol (Diethylene Glycol) to Indonesia showed considerable fluctuation between 2013 and 2023. The value in 2023 stood at 3.4389 million kilograms. The period from 2013 to 2016 observed steep declines and gradual recovery, while 2017 witnessed a significant increase. From 2016 to 2020, the trend was irregular, with noticeable peaks and troughs. The year-on-year variation in 2023 was a slight decline of 0.66%, while the overall compound annual growth rate (CAGR) over the last 5 years showed a decrease of 4.08%.
Future trends to watch for:
- A forecasted gradual decline with a 5-year CAGR of -0.56% from 2024 to 2028. - Maintaining a steady decrease in import volume from 2024 onwards.- Potential stabilization in the market adjusting to demand and global supply chain dynamics.
