Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Indonesia - 2022

Contents:

  1. Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Indonesia (FOB) - 2022
  2. Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Indonesia (CIF) - 2022
  3. Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Indonesia
  4. Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Indonesia

Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Indonesia (FOB) - 2022

The average export price for articles of apparel and clothing accessories, of leather or of composition leather stood at $43.6 per unit in March 2022, increasing by 8.8% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2021 when the average export price increased by 17% month-to-month. As a result, the export price attained the peak level of $44.2 per unit. From January 2022 to March 2022, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($55.2 per unit), while the average price for exports to Papua New Guinea ($7.5 per unit) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Indonesia (CIF) - 2022

In March 2022, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $3.5 per unit, waning by -23.2% against the previous month. Overall, the import price recorded a slight curtailment. The pace of growth appeared the most rapid in February 2022 an increase of 52% m-o-m. As a result, import price attained the peak level of $4.5 per unit, and then reduced sharply in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Pakistan ($16.8 per unit), while the price for Singapore ($883 per thousand units) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+10.6%), while the prices for the other major suppliers experienced a decline.

Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Indonesia

In 2022, exports of articles of apparel and clothing accessories, of leather or of composition leather from Indonesia rose slightly to 4.3M units, growing by 4.5% against the previous year. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 74% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather surged to $178M in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 77% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States43.844.990.410433.4%
South Korea13.616.920.023.419.8%
United Kingdom5.13.57.37.011.1%
Germany3.63.84.75.917.9%
Belgium0.71.44.65.497.6%
Japan4.04.44.85.410.5%
Italy1.71.54.03.729.6%
Netherlands1.41.63.33.637.0%
Canada3.71.22.03.2-4.7%
France2.31.11.52.75.5%
Singapore0.50.71.72.161.3%
Papua New Guinea0.30.60.60.518.6%
Others6.95.49.210.816.1%
Total87.787.015417826.6%

Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Indonesia in 2022:

  1. United States (2330.0K units)
  2. South Korea (573.0K units)
  3. Belgium (157.7K units)
  4. United Kingdom (155.3K units)
  5. Japan (127.1K units)
  6. Germany (118.2K units)
  7. Singapore (103.2K units)
  8. Italy (91.1K units)
  9. Netherlands (90.2K units)
  10. Canada (80.4K units)
  11. France (76.6K units)
  12. Papua New Guinea (71.8K units)

Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Indonesia

Imports of articles of apparel and clothing accessories, of leather or of composition leather into Indonesia surged to 8.8M units in 2022, with an increase of 27% on the year before. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather surged to $31M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China18.513.013.613.3-10.4%
Germany0.10.10.26.1293.6%
Singapore1.10.80.81.715.6%
Pakistan0.20.41.31.595.7%
Others9.17.77.18.1-3.8%
Total29.121.923.030.61.7%

Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Indonesia in 2022:

  1. China (7.1M units)
  2. Singapore (1.0M units)
  3. Pakistan (0.2M units)
  4. Germany (0.1M units)

Source: IndexBox Market Intelligence Platform

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