Indonesia: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in Indonesia

The Indonesian non-knitted men apparel market contracted dramatically to $X in 2022, shrinking by X% against the previous year. In general, consumption saw a pronounced downturn. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Non-Knitted Men Apparel Production in Indonesia

In value terms, non-knitted men apparel production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Non-Knitted Men Apparel Exports

Exports from Indonesia

After two years of decline, shipments abroad of men's or boys' clothing (not knitted or crocheted) increased by X% to X units in 2022. Overall, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-knitted men apparel exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for non-knitted men apparel exports from Indonesia, accounting for a X% share of total exports. Moreover, non-knitted men apparel exports to the United States exceeded the volume sent to the second major destination, Japan (X units), ninefold. South Korea (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, the United States ($X) remains the key foreign market for men's or boys' clothing (not knitted or crocheted) exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

The average non-knitted men apparel export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Non-Knitted Men Apparel Imports

Imports into Indonesia

After two years of decline, purchases abroad of men's or boys' clothing (not knitted or crocheted) increased by X% to X units in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-knitted men apparel imports expanded remarkably to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Bangladesh (X units) and Vietnam (X units) were the main suppliers of non-knitted men apparel imports to Indonesia, with a combined X% share of total imports. Cambodia, Myanmar, Pakistan, Turkey, Egypt, Hong Kong SAR and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-knitted men apparel suppliers to Indonesia were China ($X), Bangladesh ($X) and Vietnam ($X), with a combined X% share of total imports. Cambodia, Turkey, Pakistan, Egypt, Myanmar, Hong Kong SAR and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Myanmar, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-knitted men apparel import price amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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