Indonesia: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Indonesia

The Indonesian quilted textile products market fell to $X in 2021, with a decrease of -9.2% against the previous year. Overall, consumption enjoyed a prominent increase. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Quilted Textile Products Production in Indonesia

In value terms, quilted textile products production reduced to $X in 2021 estimated in export price. In general, production enjoyed strong growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 25%. As a result, production attained the peak level of $X, and then contracted in the following year.

Quilted Textile Products Exports

Exports from Indonesia

In 2021, shipments abroad of quilted textile products in the piece (excluding embroidery) decreased by -2.9% to X tons, falling for the third year in a row after two years of growth. Overall, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 70%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, quilted textile products exports soared to $X in 2021. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 37% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for quilted textile products exports from Indonesia, accounting for a 56% share of total exports. Moreover, quilted textile products exports to Japan exceeded the volume sent to the second major destination, Slovenia (X kg), fourfold. Singapore (X kg) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at -17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (0.0% per year) and Singapore (+14.0% per year).

In value terms, Japan ($X), Slovenia ($X) and Singapore ($X) appeared to be the largest markets for quilted textile products exported from Indonesia worldwide, together comprising 75% of total exports. The United States, the UK, China and South Korea lagged somewhat behind, together accounting for a further 21%.

Among the main countries of destination, the United States, with a CAGR of +70.6%, recorded the highest growth rate of 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 quilted textile products export price stood at $X per ton in 2021, increasing by 34% against the previous year. Overall, the export price saw strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 214% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+43.7%), while the prices for the other major destinations experienced more modest paces of growth.

Quilted Textile Products Imports

Imports into Indonesia

In 2021, overseas purchases of quilted textile products in the piece (excluding embroidery) decreased by -32% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2014 when imports increased by 33%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, quilted textile products imports fell to $X in 2021. In general, imports showed a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 18% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest quilted textile products supplier to Indonesia, accounting for a 79% share of total imports. Moreover, quilted textile products imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was held by Malaysia (X tons), with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+8.6% per year) and Malaysia (+14.8% per year).

In value terms, China ($X) constituted the largest supplier of quilted textile products in the piece (excluding embroidery) to Indonesia, comprising 66% of total imports. The second position in the ranking was held by South Korea ($X), with a 20% share of total imports. It was followed by Malaysia, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.4% per year) and Malaysia (+20.4% per year).

Import Prices by Country

In 2021, the average quilted textile products import price amounted to $X per ton, picking up by 26% against the previous year. Over the period under review, the import price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 57% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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