Indonesia: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Indonesia

In 2022, the Indonesian primary fiber crops market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Primary Fiber Crops Production in Indonesia

In value terms, primary fiber crops production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Primary fiber crops production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Primary Fiber Crops Exports

Exports from Indonesia

After two years of growth, shipments abroad of fiber crops (primary) decreased by X% to X tons in 2022. In general, exports showed a slight setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, primary fiber crops exports soared to $X in 2022. Over the period under review, exports, however, showed a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

China (X tons) was the main destination for primary fiber crops exports from Indonesia, with a X% share of total exports. Moreover, primary fiber crops exports to China exceeded the volume sent to the second major destination, South Korea (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at 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).

In value terms, the largest markets for primary fiber crops exported from Indonesia were Japan ($X), China ($X) and the Philippines ($X), together comprising X% of total exports.

In terms of the main countries of destination, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average primary fiber crops export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price 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, primary fiber crops export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to South Korea ($X 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 Malaysia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Primary Fiber Crops Imports

Imports into Indonesia

Primary fiber crops imports into Indonesia fell to X tons in 2022, declining by X% against the previous year's figure. Over the period under review, imports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, primary fiber crops imports surged to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons), Australia (X tons) and the United States (X tons) were the main suppliers of primary fiber crops imports to Indonesia, together comprising X% of total imports. India, Greece, Mexico, Cote d'Ivoire and Pakistan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Brazil ($X) and the United States ($X) appeared to be the largest primary fiber crops suppliers to Indonesia, with a combined X% share of total imports. India, Greece, Cote d'Ivoire, Mexico and Pakistan lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average primary fiber crops import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price 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, primary fiber crops import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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