| Product Code: ETC10255567 | Publication Date: Apr 2025 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
In the Indonesia raffinate market, the import trend experienced a -5.11% growth rate from 2023 to 2024, with a compound annual growth rate (CAGR) of 14.75% from 2020 to 2024. This decline in import momentum in 2024 could be attributed to shifting demand patterns or changes in trade policies affecting market stability.

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 Raffinate Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Raffinate Market Revenues & Volume, 2022 & 2032F |
3.3 Indonesia Raffinate Market - Industry Life Cycle |
3.4 Indonesia Raffinate Market - Porter's Five Forces |
3.5 Indonesia Raffinate Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Indonesia Raffinate Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.7 Indonesia Raffinate Market Revenues & Volume Share, By End User, 2022 & 2032F |
3.8 Indonesia Raffinate Market Revenues & Volume Share, By Process, 2022 & 2032F |
3.9 Indonesia Raffinate Market Revenues & Volume Share, By Composition, 2022 & 2032F |
4 Indonesia Raffinate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for petrochemicals and petroleum products in Indonesia |
4.2.2 Increasing industrialization and urbanization leading to higher consumption of raffinates |
4.2.3 Government initiatives and investments in infrastructure development and manufacturing sectors |
4.3 Market Restraints |
4.3.1 Fluctuations in crude oil prices impacting the production cost of raffinates |
4.3.2 Environmental concerns and regulations regarding the use of raffinates |
4.3.3 Competition from alternative products or substitutes in the market |
5 Indonesia Raffinate Market Trends |
6 Indonesia Raffinate Market, By Types |
6.1 Indonesia Raffinate Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Raffinate Market Revenues & Volume, By Type, 2022 - 2032F |
6.1.3 Indonesia Raffinate Market Revenues & Volume, By Light Raffinate, 2022 - 2032F |
6.1.4 Indonesia Raffinate Market Revenues & Volume, By Heavy Raffinate, 2022 - 2032F |
6.1.5 Indonesia Raffinate Market Revenues & Volume, By Others, 2022 - 2032F |
6.2 Indonesia Raffinate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Raffinate Market Revenues & Volume, By Petrochemicals, 2022 - 2032F |
6.2.3 Indonesia Raffinate Market Revenues & Volume, By Lubricants, 2022 - 2032F |
6.2.4 Indonesia Raffinate Market Revenues & Volume, By Others, 2022 - 2032F |
6.3 Indonesia Raffinate Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Indonesia Raffinate Market Revenues & Volume, By Refineries, 2022 - 2032F |
6.3.3 Indonesia Raffinate Market Revenues & Volume, By Chemical Plants, 2022 - 2032F |
6.3.4 Indonesia Raffinate Market Revenues & Volume, By Others, 2022 - 2032F |
6.4 Indonesia Raffinate Market, By Process |
6.4.1 Overview and Analysis |
6.4.2 Indonesia Raffinate Market Revenues & Volume, By Solvent Extraction, 2022 - 2032F |
6.4.3 Indonesia Raffinate Market Revenues & Volume, By Distillation, 2022 - 2032F |
6.4.4 Indonesia Raffinate Market Revenues & Volume, By Others, 2022 - 2032F |
6.5 Indonesia Raffinate Market, By Composition |
6.5.1 Overview and Analysis |
6.5.2 Indonesia Raffinate Market Revenues & Volume, By Hydrocarbons, 2022 - 2032F |
6.5.3 Indonesia Raffinate Market Revenues & Volume, By Aromatics, 2022 - 2032F |
6.5.4 Indonesia Raffinate Market Revenues & Volume, By Others, 2022 - 2032F |
7 Indonesia Raffinate Market Import-Export Trade Statistics |
7.1 Indonesia Raffinate Market Export to Major Countries |
7.2 Indonesia Raffinate Market Imports from Major Countries |
8 Indonesia Raffinate Market Key Performance Indicators |
8.1 Average selling price of raffinates |
8.2 Capacity utilization rate of raffinate production facilities |
8.3 Export volume of raffinates |
8.4 Research and development investment in new raffinate products |
8.5 Number of new product launches in the raffinate market |
9 Indonesia Raffinate Market - Opportunity Assessment |
9.1 Indonesia Raffinate Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Indonesia Raffinate Market Opportunity Assessment, By Application, 2022 & 2032F |
9.3 Indonesia Raffinate Market Opportunity Assessment, By End User, 2022 & 2032F |
9.4 Indonesia Raffinate Market Opportunity Assessment, By Process, 2022 & 2032F |
9.5 Indonesia Raffinate Market Opportunity Assessment, By Composition, 2022 & 2032F |
10 Indonesia Raffinate Market - Competitive Landscape |
10.1 Indonesia Raffinate Market Revenue Share, By Companies, 2025 |
10.2 Indonesia Raffinate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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