Price for Textiles; Worn Clothing and Other Worn Articles in Indonesia - 2022

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Indonesia (CIF) - 2022
2. Price for Textiles; Worn Clothing and Other Worn Articles in Indonesia (FOB) - 2022
3. Imports of Textiles; Worn Clothing and Other Worn Articles in Indonesia
4. Exports of Textiles; Worn Clothing and Other Worn Articles in Indonesia

Price for Textiles; Worn Clothing and Other Worn Articles in Indonesia (CIF) - 2022

In 2022, the average import price for textiles; worn clothing and other worn articleses amounted to $1,136 per ton, falling by -2.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 35%. As a result, import price reached the peak level of $1,168 per ton, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Timor-Leste ($4,600 per ton), while the price for Malaysia ($1,093 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Timor-Leste (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Textiles; Worn Clothing and Other Worn Articles in Indonesia (FOB) - 2022

In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $1,672 per ton, waning by -22.9% against the previous year. Overall, the export price, however, recorded a perceptible increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 48%. Over the period under review, the average export prices reached the maximum at $2,168 per ton in 2021, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($8,911 per ton), while the average price for exports to Malaysia ($764 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textiles; Worn Clothing and Other Worn Articles in Indonesia

In 2022, approx. 27K tons of textiles; worn clothing and other worn articleses were imported into Indonesia; approximately mirroring the previous year. The total import volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports attained the peak of 28K tons, and then fell slightly in the following year.

In value terms, imports of textiles; worn clothing and other worn articleses contracted modestly to $31M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. As a result, imports reached the peak of $32M, and then dropped slightly in the following year.

Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Indonesia in 2022:

1. Malaysia (24.3K tons)
2. Singapore (1.3K tons)
3. South Korea (0.6K tons)

Exports of Textiles; Worn Clothing and Other Worn Articles in Indonesia

In 2022, approx. 902 tons of textiles; worn clothing and other worn articleses were exported from Indonesia; growing by 9.7% against 2021. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of textiles; worn clothing and other worn articleses declined sharply to $1.5M in 2022. In general, exports, however, saw a noticeable slump. The pace of growth was the most pronounced in 2021 when exports increased by 16% against the previous year. As a result, the exports attained the peak of $1.8M, and then dropped notably in the following year.

Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Indonesia in 2022:

1. Hong Kong SAR (627.8 tons)
2. United Arab Emirates (93.1 tons)
3. South Korea (52.8 tons)
4. Malaysia (47.5 tons)
5. Thailand (20.7 tons)
6. Singapore (12.5 tons)
7. United Kingdom (5.6 tons)

Source: IndexBox Market Intelligence Platform