Indonesia Tung Oil Market (2025-2031) Outlook | Growth, Trends, Forecast, Share, Revenue, Industry, Companies, Analysis, Size & Value

Market Forecast By Product Type (Raw Tung Oil, Boiled Tung Oil), By Application (Wood Finishing, Food and Beverage, Medicines, Others) And Competitive Landscape
Product Code: ETC225388 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

Indonesia Tung Oil Market: Import Trend Analysis

In the Indonesia tung oil market, the import trend saw significant changes from 2023 to 2024, with a growth rate of 18.9%. However, the compound annual growth rate (CAGR) for the period from 2020 to 2024 was -8.81%. This shift in import momentum may have been influenced by fluctuations in demand or changes in trade policies impacting market stability.

Indonesia Tung Oil Market Synopsis

On the non-food side, the Tung oil market in Indonesia has shown steady growth, with the oil`s various applications in paints, coatings, and wood finishes contributing to its market expansion.

Drivers of the Market

The tung oil market in Indonesia is expected to experience steady growth due to the oil`s various industrial applications. Tung oil is used in paints, varnishes, coatings, and wood finishing products. The growing construction and infrastructure sectors in Indonesia are driving the demand for these products, thus positively impacting the tung oil market. However, environmental concerns and competition from alternative oils may pose challenges to the market`s growth.

Challenges of the Market

On the other hand, the tung oil market in Indonesia has faced some challenges. Despite being one of the major producers of tung oil, the industry has encountered issues related to fluctuating global demand and competition from other vegetable oils.

COVID-19 Impact on the Market

The Indonesia Tung Oil market has shown steady growth in recent years, driven by the increasing applications of tung oil in various industries. Tung oil`s versatile properties, such as water resistance, quick drying, and high durability, have led to its extensive use in wood finishing, paints, coatings, and other industrial products. Additionally, the growing demand for eco-friendly and sustainable products has boosted the adoption of tung oil-based finishes and coatings. However, the market might have experienced disruptions during the Covid-19 pandemic, impacting production and supply chains. Nevertheless, as economic activities rebound and construction and manufacturing industries thrive, the demand for tung oil is expected to rise.

Key Highlights of the Report:

  • Indonesia Tung Oil Market Outlook
  • Market Size of Indonesia Tung Oil Market, 2024
  • Forecast of Indonesia Tung Oil Market, 2031
  • Historical Data and Forecast of Indonesia Tung Oil Revenues & Volume for the Period 2021-2031
  • Indonesia Tung Oil Market Trend Evolution
  • Indonesia Tung Oil Market Drivers and Challenges
  • Indonesia Tung Oil Price Trends
  • Indonesia Tung Oil Porter's Five Forces
  • Indonesia Tung Oil Industry Life Cycle
  • Historical Data and Forecast of Indonesia Tung Oil Market Revenues & Volume By Product Type for the Period 2021-2031
  • Historical Data and Forecast of Indonesia Tung Oil Market Revenues & Volume By Raw Tung Oil for the Period 2021-2031
  • Historical Data and Forecast of Indonesia Tung Oil Market Revenues & Volume By Boiled Tung Oil for the Period 2021-2031
  • Historical Data and Forecast of Indonesia Tung Oil Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of Indonesia Tung Oil Market Revenues & Volume By Wood Finishing for the Period 2021-2031
  • Historical Data and Forecast of Indonesia Tung Oil Market Revenues & Volume By Food and Beverage for the Period 2021-2031
  • Historical Data and Forecast of Indonesia Tung Oil Market Revenues & Volume By Medicines for the Period 2021-2031
  • Historical Data and Forecast of Indonesia Tung Oil Market Revenues & Volume By Others for the Period 2021-2031
  • Indonesia Tung Oil Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By Application
  • Indonesia Tung Oil Top Companies Market Share
  • Indonesia Tung Oil Competitive Benchmarking By Technical and Operational Parameters
  • Indonesia Tung Oil Company Profiles
  • Indonesia Tung Oil Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Indonesia Tung Oil Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Indonesia Tung Oil Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Tung Oil Market Overview

3.1 Indonesia Country Macro Economic Indicators

3.2 Indonesia Tung Oil Market Revenues & Volume, 2021 & 2031F

3.3 Indonesia Tung Oil Market - Industry Life Cycle

3.4 Indonesia Tung Oil Market - Porter's Five Forces

3.5 Indonesia Tung Oil Market Revenues & Volume Share, By Product Type, 2021 & 2031F

3.6 Indonesia Tung Oil Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Indonesia Tung Oil Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for eco-friendly and sustainable products in various industries

4.2.2 Growing awareness about the benefits of tung oil such as its durability and water-resistant properties

4.2.3 Expansion of the furniture and woodworking industry in Indonesia

4.3 Market Restraints

4.3.1 Fluctuations in raw material prices impacting production costs

4.3.2 Competition from alternative wood finishes and coatings

4.3.3 Environmental concerns related to deforestation and land use for tung oil production

5 Indonesia Tung Oil Market Trends

6 Indonesia Tung Oil Market, By Types

6.1 Indonesia Tung Oil Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Indonesia Tung Oil Market Revenues & Volume, By Product Type, 2021-2031F

6.1.3 Indonesia Tung Oil Market Revenues & Volume, By Raw Tung Oil, 2021-2031F

6.1.4 Indonesia Tung Oil Market Revenues & Volume, By Boiled Tung Oil, 2021-2031F

6.2 Indonesia Tung Oil Market, By Application

6.2.1 Overview and Analysis

6.2.2 Indonesia Tung Oil Market Revenues & Volume, By Wood Finishing, 2021-2031F

6.2.3 Indonesia Tung Oil Market Revenues & Volume, By Food and Beverage, 2021-2031F

6.2.4 Indonesia Tung Oil Market Revenues & Volume, By Medicines, 2021-2031F

6.2.5 Indonesia Tung Oil Market Revenues & Volume, By Others, 2021-2031F

7 Indonesia Tung Oil Market Import-Export Trade Statistics

7.1 Indonesia Tung Oil Market Export to Major Countries

7.2 Indonesia Tung Oil Market Imports from Major Countries

8 Indonesia Tung Oil Market Key Performance Indicators

8.1 Percentage of sustainable sourcing practices implemented in tung oil production

8.2 Adoption rate of tung oil in different industries such as furniture, construction, and automotive

8.3 Number of research and development initiatives focused on enhancing the properties of tung oil applications

9 Indonesia Tung Oil Market - Opportunity Assessment

9.1 Indonesia Tung Oil Market Opportunity Assessment, By Product Type, 2021 & 2031F

9.2 Indonesia Tung Oil Market Opportunity Assessment, By Application, 2021 & 2031F

10 Indonesia Tung Oil Market - Competitive Landscape

10.1 Indonesia Tung Oil Market Revenue Share, By Companies, 2024

10.2 Indonesia Tung Oil Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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