Indonesia - T-Shirts - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Indonesia - T-Shirts - Market Analysis, Forecast, Size, Trends and Insights

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T-Shirt Price in Indonesia - 2022

Contents:

  1. T-Shirt Price in Indonesia (FOB) - 2022
  2. T-Shirt Price in Indonesia (CIF) - 2022
  3. T-Shirt Exports in Indonesia
  4. T-Shirt Imports in Indonesia

T-Shirt Price in Indonesia (FOB) - 2022

The average t-shirt export price stood at $3 per unit in 2022, increasing by 58% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. Over the period under review, the average export prices attained the peak figure at $7.2 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to -5.0% per year.

T-Shirt Price in Indonesia (CIF) - 2022

The average t-shirt import price stood at $5.7 per unit in March 2022, remaining relatively unchanged against the previous month. Overall, the import price, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in December 2021 an increase of 43% against the previous month. Over the period under review, average import prices reached the maximum at $13.5 per unit in January 2022; however, from February 2022 to March 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the highest price was recorded for prices from Cambodia ($6.3 per unit) and China ($5.9 per unit), while the price for India ($5.5 per unit) and Bangladesh ($5.5 per unit) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced a decline.

T-Shirt Exports in Indonesia

In 2022, approx. 146M units of t-shirts were exported from Indonesia; falling by -36.8% compared with the previous year's figure. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 279%. As a result, the exports attained the peak of 230M units, and then fell notably in the following year.

In value terms, t-shirt exports shrank slightly to $440M in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 0.6%. Over the period under review, the exports hit record highs at $444M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of T-Shirt in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
MyanmarN/AN/AN/A4400%
South Korea49.743.229.3N/A-23.2%
China22.918.218.3N/A-10.6%
Germany19.321.316.2N/A-8.4%
United States154132198N/A13.4%
Japan73.892.264.0N/A-6.9%
United Arab Emirates10.89.911.7N/A4.1%
Others112121103N/A-4.1%
Total444438441440-0.3%

Top Export Markets for T-Shirt from Indonesia in 2022:

  1. Myanmar (145.6M units)

T-Shirt Imports in Indonesia

In 2022, t-shirt imports into Indonesia dropped rapidly to 23M units, reducing by -30.7% compared with the year before. Overall, imports, however, continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 160%. As a result, imports attained the peak of 33M units, and then declined rapidly in the following year.

In value terms, t-shirt imports reduced to $74M in 2022. In general, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure at $97M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of T-Shirt in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Myanmar0.1N/A0.174.4806.1%
Bangladesh18.211.616.2N/A-5.7%
China35.625.828.7N/A-10.2%
Vietnam11.47.613.4N/A8.4%
Cambodia2.52.63.1N/A11.4%
India4.12.83.1N/A-13.0%
Portugal4.32.02.3N/A-26.9%
Turkey5.73.03.6N/A-20.5%
Others15.411.211.4N/A-14.0%
Total97.366.782.074.4-8.6%

Top Suppliers of T-Shirt to Indonesia in 2022:

  1. Myanmar (23.1M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the t-shirt market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 14143000 - T-shirts, singlets and vests, knitted or crocheted

Country coverage:

  • Indonesia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Indonesia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: T-Shirts - Indonesia