Indonesia: Twine Product Market 2025

Twine Product Market Size in Indonesia

The Indonesian twine product market soared to $X in 2022, growing by 20% against the previous year. Over the period under review, consumption enjoyed a prominent expansion. Twine product consumption peaked in 2022 and is expected to retain growth in the immediate term.

Twine Product Production in Indonesia

In value terms, twine product production expanded notably to $X in 2022 estimated in export price. Overall, production showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 55% against the previous year. Twine product production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Twine Product Exports

Exports from Indonesia

In 2022, the amount of articles of twine, cordage, rope or cables exported from Indonesia shrank dramatically to X tons, waning by -29.4% on the year before. Over the period under review, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2013 with an increase of 22% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, twine product exports reduced slightly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 27%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for twine product exports from Indonesia, with a 56% share of total exports. Moreover, twine product exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), threefold. Vietnam (X tons) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+1.0% per year) and Vietnam (-5.2% per year).

In value terms, the United States ($X) remains the key foreign market for articles of twine, cordage, rope or cables exports from Indonesia, comprising 72% of total exports. The second position in the ranking was held by South Korea ($X), with a 6.1% share of total exports. It was followed by Vietnam, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-1.9% per year) and Vietnam (-0.9% per year).

Export Prices by Country

In 2022, the average twine product export price amounted to $X per ton, rising by 41% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, twine product export price increased by +101.8% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to South Korea ($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 Mexico (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Twine Product Imports

Imports into Indonesia

In 2022, overseas purchases of articles of twine, cordage, rope or cables increased by 60% to X tons, rising for the second consecutive year after three years of decline. In general, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +157.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, twine product imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest twine product supplier to Indonesia, with a 62% share of total imports. Moreover, twine product imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fivefold. Singapore (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+4.7% per year) and Singapore (+17.4% per year).

In value terms, China ($X) constituted the largest supplier of articles of twine, cordage, rope or cables to Indonesia, comprising 57% of total imports. The second position in the ranking was held by South Korea ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+8.6% per year) and Taiwan (Chinese) (-3.2% per year).

Import Prices by Country

In 2022, the average twine product import price amounted to $X per ton, rising by 6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 27%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 South Korea ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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