The import of Oxirane (Ethylene Oxide) to Indonesia has shown considerable variability over the past decade. In 2023, the import volume stood at 121.21 thousand kilograms. There was a marked increase from 2013, reaching a peak in 2015, but the volumes have generally declined since 2017. The year-on-year variation highlights notable fluctuations, including substantial increases in some years, such as 2015 with a 103.53% increase, and significant declines in others, like 2020 with a 20.07% decrease. Over the last five years, the compound annual growth rate (CAGR) showed a slight negative trend at -3.47%.
Future forecasts indicate a continued gradual decline in imports, projecting a 5-year CAGR of -3.79% and an overall forecasted decrease of 17.55% by 2028. This is reflective of potential market adjustments or shifts in supply chain dynamics.
Key future trends to watch for include:
- Changes in domestic production capabilities in Indonesia which could reduce reliance on imports.
- Environmental regulations that may impact the production and trade of ethylene oxide.
- Developments in alternative materials or substitutes that could influence demand.
