Indonesia: Cotton Fabric Market 2024

Cotton Fabric Market Size in Indonesia

After two years of growth, the Indonesian cotton fabric market decreased by X% to $X in 2023. Over the period under review, consumption showed a relatively flat trend pattern. Cotton fabric consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Cotton Fabric Production in Indonesia

In value terms, cotton fabric production fell slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

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Cotton Fabric Exports

Exports from Indonesia

In 2023, shipments abroad of woven fabrics of cotton increased by X% to X square meters for the first time since 2014, thus ending a eight-year declining trend. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X square meters in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, cotton fabric exports declined slightly to $X in 2023. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Japan (X square meters), the United States (X square meters) and Malaysia (X square meters) were the main destinations of cotton fabric exports from Indonesia, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for cotton fabric exported from Indonesia were Japan ($X), the United States ($X) and Vietnam ($X), together comprising X% of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2023, the average cotton fabric export price amounted to $X per square meter, waning by X% against the previous year. In general, the export price showed a slight slump. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. The export price peaked at $X per square meter in 2013; however, from 2014 to 2023, 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 Italy ($X per square meter), while the average price for exports to Belgium ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Fabric Imports

Imports into Indonesia

After two years of growth, supplies from abroad of woven fabrics of cotton decreased by X% to X square meters in 2023. In general, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, cotton fabric imports dropped to $X in 2023. Overall, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X square meters) constituted the largest supplier of cotton fabric to Indonesia, accounting for a X% share of total imports. Moreover, cotton fabric imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X square meters), tenfold. Vietnam (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of cotton to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an X% share of total imports. It was followed by Vietnam, with an X% share.

From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the average cotton fabric import price amounted to $X per square meter, which is down by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per square meter in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while the price for Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform