| Product Code: ETC234568 | Publication Date: Aug 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Indonesia fuel oil market, the import trend experienced a notable decline from 2023 to 2024, with a growth rate of -45.26%. The compound annual growth rate (CAGR) from 2020 to 2024 stood at -0.77%. This substantial decrease in import momentum could be attributed to shifts in domestic demand patterns or alterations in trade policies impacting market stability.
Indonesia's Fuel Oil market is anticipated to experience a high growth rate of 10.56% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.

The Fuel Oil market in Indonesia is experiencing fluctuations as it remains a significant energy source for various industries, including power generation and transportation.
The Indonesia fuel oil market is expected to witness growth, driven by several factors. First and foremost, the country`s heavy dependence on oil as a primary energy source for power generation and transportation sustains the demand for fuel oil. The growth of Indonesia`s industrial sector and its increasing energy needs support the consumption of fuel oil for various industrial applications. Additionally, the country`s strategic location as a major global trade hub for shipping and logistics fosters the demand for marine fuel oil. Furthermore, government policies and economic factors that influence the pricing and availability of fuel oil can impact the market dynamics.
The fuel oil market faces uncertainties related to energy transition policies and the shift towards cleaner fuels. As governments and industries prioritize sustainable energy sources, fuel oil producers may encounter declining demand and market disruptions.
Fuel oil is used in power generation, shipping, and industrial processes. The market outlook depends on energy demand, global oil prices, and environmental policies. COVID-19 led to reduced travel and industrial activities, impacting fuel oil consumption and prices.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Fuel Oil Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Fuel Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Fuel Oil Market - Industry Life Cycle |
3.4 Indonesia Fuel Oil Market - Porter's Five Forces |
3.5 Indonesia Fuel Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Indonesia Fuel Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing industrialization and urbanization in Indonesia leading to increased demand for fuel oil. |
4.2.2 Government investments in infrastructure projects driving the need for fuel oil. |
4.2.3 Rising population and disposable income levels boosting transportation and energy consumption, thus fueling the demand for fuel oil. |
4.3 Market Restraints |
4.3.1 Fluctuating global oil prices impacting the cost of fuel oil in Indonesia. |
4.3.2 Environmental concerns and regulations pushing for the adoption of cleaner energy sources over traditional fuel oil. |
4.3.3 Competition from alternative energy sources such as natural gas and renewables posing a threat to the fuel oil market in Indonesia. |
5 Indonesia Fuel Oil Market Trends |
6 Indonesia Fuel Oil Market, By Types |
6.1 Indonesia Fuel Oil Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Fuel Oil Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 Indonesia Fuel Oil Market Revenues & Volume, By Marine, 2021-2031F |
6.1.4 Indonesia Fuel Oil Market Revenues & Volume, By Industrial, 2021-2031F |
6.1.5 Indonesia Fuel Oil Market Revenues & Volume, By Others, 2021-2031F |
7 Indonesia Fuel Oil Market Import-Export Trade Statistics |
7.1 Indonesia Fuel Oil Market Export to Major Countries |
7.2 Indonesia Fuel Oil Market Imports from Major Countries |
8 Indonesia Fuel Oil Market Key Performance Indicators |
8.1 Average fuel oil consumption per capita in Indonesia. |
8.2 Percentage of fuel oil imports compared to domestic production. |
8.3 Number of new infrastructure projects in Indonesia using fuel oil as a primary energy source. |
9 Indonesia Fuel Oil Market - Opportunity Assessment |
9.1 Indonesia Fuel Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Indonesia Fuel Oil Market - Competitive Landscape |
10.1 Indonesia Fuel Oil Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Fuel Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |