Indonesia: Cotton Yarn Market 2025

Cotton Yarn Market Size in Indonesia

The Indonesian cotton yarn market expanded remarkably to $X in 2022, rising by 15% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Cotton yarn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cotton Yarn Production in Indonesia

In value terms, cotton yarn production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 16% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Cotton Yarn Exports

Exports from Indonesia

Cotton yarn exports from Indonesia dropped to X tons in 2022, declining by -6.9% on the previous year's figure. In general, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 58%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton yarn exports soared to $X in 2022. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons), Bangladesh (X tons) and South Korea (X tons) were the main destinations of cotton yarn exports from Indonesia, together comprising 48% of total exports. Honduras, Japan, Russia, Vietnam, Malaysia, the Philippines, Thailand and the United States lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +59.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), China ($X) and Honduras ($X) were the largest markets for cotton yarn exported from Indonesia worldwide, with a combined 52% share of total exports.

In terms of the main countries of destination, Honduras, with a CAGR of +65.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cotton yarn export price amounted to $X per ton, surging by 50% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton yarn export price increased by +101.5% against 2020 indices. As a result, the export price reached 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 Japan ($X per ton), while the average price for exports to Russia ($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 United States (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Yarn Imports

Imports into Indonesia

In 2022, cotton yarn imports into Indonesia soared to X tons, growing by 25% on the year before. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 +89.0% against 2017 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cotton yarn imports skyrocketed to $X in 2022. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Vietnam (X tons), China (X tons) and India (X tons) were the main suppliers of cotton yarn imports to Indonesia, with a combined 80% share of total imports. South Korea, Pakistan, Macao SAR, Thailand, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Macao SAR (with a CAGR of +58.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton yarn suppliers to Indonesia were China ($X), Vietnam ($X) and India ($X), with a combined 77% share of total imports. South Korea, Macao SAR, Thailand, Pakistan, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further 16%.

Among the main suppliers, Macao SAR, with a CAGR of +57.2%, saw the highest rates of growth with regard to 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

In 2022, the average cotton yarn import price amounted to $X per ton, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2021 when the average import price increased by 19%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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