The import of ammonia in aqueous solution to Indonesia saw significant fluctuations from 2013 to 2023. In 2013, there was a notable increase by 250%, but it declined sharply by 53.16% in 2014. Between 2015 and 2023, the year-on-year variations stabilized with minor fluctuations. As of 2023, the import volume stood at 127.02 thousand kilograms, showing a slight decline of 0.73% from the previous year. The average annual variation over the last five years (CAGR) was -0.75%, indicating a consistent, albeit small, decline.
Looking ahead, the forecast predicts a continued decline in imports, with a projected CAGR of -0.62% over the next five years, resulting in a total import volume of 122.14 thousand kilograms by 2028. The forecasted 3.06% decrease over these five years suggests a stable yet diminishing trend.
Future trends to watch for:
- Global market dynamics affecting ammonia prices and availability
- Government policies on chemical imports and domestic production incentives
- Technological advancements in local ammonia production
- Environmental regulations impacting chemical usage and importation
