Indonesia: Flax Fabric Market 2024

Flax Fabric Market Size in Indonesia

In 2022, after ten years of growth, there was significant decline in the Indonesian flax fabric market, when its value decreased by X% to $X. Over the period under review, consumption, however, posted a significant expansion. As a result, consumption reached the peak level of $X, and then dropped markedly in the following year.

Flax Fabric Production in Indonesia

In value terms, flax fabric production soared to $X in 2022 estimated in export price. Overall, production recorded a deep setback. Flax fabric production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Flax Fabric Exports

Exports from Indonesia

In 2022, flax fabric exports from Indonesia surged to X square meters, picking up by X% against 2021 figures. Overall, exports, however, recorded a abrupt shrinkage. The exports peaked at X square meters in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, flax fabric exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X square meters) was the main destination for flax fabric exports from Indonesia, with a X% share of total exports. Moreover, flax fabric exports to Vietnam exceeded the volume sent to the second major destination, the Philippines (X square meters), threefold. The third position in this ranking was held by Singapore (X square meters), with a X% share.

From 2020 to 2022, the average annual growth rate of volume to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Singapore (X% per year).

In value terms, the largest markets for flax fabric exported from Indonesia were the Philippines ($X), Vietnam ($X) and Hong Kong SAR ($X), with a combined X% share of total exports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average flax fabric export price stood at $X per square meter in 2022, shrinking by X% against the previous year. In general, the export price, however, posted significant growth. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per square meter, and then contracted in the following year.

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 Hong Kong SAR ($X per square meter), while the average price for exports to Singapore ($X per square meter) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Flax Fabric Imports

Imports into Indonesia

In 2022, overseas purchases of woven fabrics of flax decreased by X% to X square meters for the first time since 2011, thus ending a ten-year rising trend. In general, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X square meters, and then fell rapidly in the following year.

In value terms, flax fabric imports surged to $X in 2022. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of flax fabric to Indonesia, accounting for a X% share of total imports. Moreover, flax fabric imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X square meters), threefold.

From 2020 to 2022, the average annual rate of growth in terms 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 Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of flax to Indonesia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports.

From 2020 to 2022, the average annual growth rate of value 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 Taiwan (Chinese) (X% per year).

Import Prices by Country

The average flax fabric import price stood at $X per square meter in 2022, increasing by X% against the previous year. In general, the import price continues to indicate a significant expansion. As a result, import price attained 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 Taiwan (Chinese) ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2020 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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