The market is dominated by domestic suppliers, as imports account for 15.2% of total market size in 2022. B2B drives market demand, with B2B spending representing 97.4% of total demand in 2022. Indonesia has the fifth largest market size for extraction of crude petroleum and natural gas regionally, with demand reaching USD60.4 billion in 2022. Pertamina (Persero) PT is the largest company in Indonesia, generating 6.9% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 22.3% of total production value in 2022. The total number of companies increases in 2022, to 12,468 units. The costs of the industry increase by 17.9% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 55.9% of production value in 2022, the sixth highest regionally. The industry’s exports share increases in 2022 to 27.8% of total production output. With production value of USD69.1 billion, Indonesia accounts for 16.2% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in Indonesia: ISIC 11. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Extraction of Crude Petroleum and Natural Gas in Indonesia: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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