Indonesia: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in Indonesia

In 2022, the Indonesian cotton (carded or combed) market increased by 42% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, saw a pronounced descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Cotton (Carded Or Combed) in Indonesia

In value terms, cotton (carded or combed) production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2017 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Cotton (Carded Or Combed)

Exports from Indonesia

In 2022, shipments abroad of cotton (carded or combed) decreased by -30.6% to X tons, falling for the third year in a row after four years of growth. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 198% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, cotton (carded or combed) exports dropped remarkably to $X in 2022. In general, exports, however, recorded a mild increase. The pace of growth was the most pronounced in 2019 when exports increased by 99% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for cotton (carded or combed) exports from Indonesia, accounting for a 64% share of total exports. Moreover, cotton (carded or combed) exports to Vietnam exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fivefold. The Philippines (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam totaled +43.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+24.9% per year) and the Philippines (-1.9% per year).

In value terms, Vietnam ($X) remains the key foreign market for cotton (carded or combed) exports from Indonesia, comprising 50% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 12% share of total exports. It was followed by the Philippines, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam stood at +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+70.9% per year) and the Philippines (+1.6% per year).

Export Prices by Country

The average cotton (carded or combed) export price stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the period under review, the export price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Vietnam ($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 the Philippines (+3.6%), while the prices for the other major destinations experienced a decline.

Imports of Cotton (Carded Or Combed)

Imports into Indonesia

After five years of growth, purchases abroad of cotton (carded or combed) decreased by -0.4% to X tons in 2022. Overall, imports showed a perceptible decrease. The growth pace was the most rapid in 2015 when imports increased by 2,112%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cotton (carded or combed) imports rose markedly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 162% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of cotton (carded or combed) to Indonesia, accounting for a 74% share of total imports. Moreover, cotton (carded or combed) imports from Japan exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by China (X tons), with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan amounted to +47.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-12.3% per year) and China (-24.6% per year).

In value terms, Japan ($X) constituted the largest supplier of cotton (carded or combed) to Indonesia, comprising 93% of total imports. The second position in the ranking was held by India ($X), with a 6.8% share of total imports. It was followed by China, with a 0.2% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to +54.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-16.0% per year) and China (-34.0% per year).

Import Prices by Country

In 2022, the average cotton (carded or combed) import price amounted to $X per ton, growing by 13% against the previous year. In general, the import price enjoyed a moderate increase. The pace of growth appeared the most rapid in 2016 an increase of 333%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for India ($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 (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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