Indonesia: Sportswear Market 2024

Sportswear Market Size in Indonesia

The Indonesian sportswear market fell dramatically to $X in 2022, declining by X% against the previous year. In general, consumption saw a noticeable decrease. Sportswear consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sportswear Production in Indonesia

In value terms, sportswear production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2014 with an increase of X%. Sportswear production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Sportswear Exports

Exports from Indonesia

In 2022, after three years of decline, there was significant growth in overseas shipments of track suits, ski suits and swimwear, when their volume increased by X% to X units. Overall, total exports indicated strong growth from 2012 to 2022: its volume 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. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sportswear exports soared to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for sportswear exports from Indonesia, with a X% share of total exports. Moreover, sportswear exports to the United States exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. The UK (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for track suits, ski suits and swimwear exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

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

Export Prices by Country

In 2022, the average sportswear export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per unit) and Germany ($X per unit), while the average price for exports to the United States ($X per unit) and Belgium ($X per unit) were amongst the lowest.

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

Sportswear Imports

Imports into Indonesia

After two years of decline, supplies from abroad of track suits, ski suits and swimwear increased by X% to X units in 2022. In general, imports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sportswear imports soared to $X in 2022. Over the period under review, imports showed noticeable growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest sportswear supplier to Indonesia, accounting for a X% share of total imports. Moreover, sportswear imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold. Sri Lanka (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Sri Lanka (X% per year).

In value terms, China ($X) constituted the largest supplier of track suits, ski suits and swimwear to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The average sportswear import price stood at $X per unit in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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