Indonesia: Market for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings 2022

Market Size for Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in Indonesia

The Indonesian market for braids in the piece, tassels and pompons, ornamental trimmings rose markedly to $X in 2021, picking up by X% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2013 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Production of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings in Indonesia

In value terms, production of braids in the piece, tassels and pompons, ornamental trimmings rose rapidly to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production of braids in piece, tassels and pompons, ornamental trimmings hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Exports from Indonesia

In 2021, exports of braids in the piece, tassels and pompons, ornamental trimmings from Indonesia reduced markedly to X tons, shrinking by -X% on the previous year's figure. Overall, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of braids in the piece, tassels and pompons, ornamental trimmings shrank sharply to $X in 2021. Over the period under review, exports recorded a mild descent. 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 2021, the exports failed to regain momentum.

Exports by Country

Timor-Leste (X tons) was the main destination for exports of braids in the piece, tassels and pompons, ornamental trimmings from Indonesia, accounting for a X% share of total exports. Moreover, exports of braids in the piece, tassels and pompons, ornamental trimmings to Timor-Leste exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. Malaysia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Timor-Leste was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-X% per year) and Malaysia (+X% per year).

In value terms, Vietnam ($X) remains the key foreign market for braids, tassels, pompons and ornamental trimmings exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Timor-Leste, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Vietnam amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Timor-Leste (X% per year).

Export Prices by Country

In 2021, the average export price for braids in the piece, tassels and pompons, ornamental trimmings amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price saw a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Timor-Leste ($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 Malaysia (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Braids In The Piece, Tassels And Pompons, Ornamental Trimmings

Imports into Indonesia

In 2021, supplies from abroad of braids in the piece, tassels and pompons, ornamental trimmings increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, imports of braids in the piece, tassels and pompons, ornamental trimmings dropped to $X in 2021. Over the period under review, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest braids, tassels, pompons and ornamental trimmings supplier to Indonesia, accounting for a X% share of total imports. Moreover, imports of braids in the piece, tassels and pompons, ornamental trimmings from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sixfold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, 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: South Korea (+X% per year) and Vietnam (+X% per year).

In value terms, the largest braids, tassels, pompons and ornamental trimmings suppliers to Indonesia were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for braids in the piece, tassels and pompons, ornamental trimmings stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform