Based on the forecast data, the import of Liquefied Butanes to Indonesia is anticipated to increase steadily from 2024 to 2028. The actual import value in 2023 stood at 1.795 billion US Dollars. Year-on-year variations over the forecasted period show a consistent increase, implying a robust demand. Between 2023 and 2024, the import value increased by approximately 3.7%. The subsequent years from 2025 to 2028 reflect incremental annual increases, ranging from around 3.6% to 3.1%, indicating a stable upward trend. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 3.4%, showcasing an enduring growth trajectory.
Future trends to watch for include potential shifts in global energy policies, technological advancements in energy storage and distribution, and economic developments in Indonesia that could impact demand. Monitoring geopolitical developments that could affect global energy supply chains will also be crucial.
