Indonesia: Raw Silk Market 2025

Raw Silk Market Size in Indonesia

In 2022, the Indonesian raw silk market decreased by -0.5% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption saw a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 7.9% against the previous year. 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.

Raw Silk Production in Indonesia

In value terms, raw silk production totaled $X in 2022 estimated in export price. In general, production saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 3.7%. Raw silk production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average raw silk yield in Indonesia was estimated at less than X kg per ha, remaining constant against the previous year. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of raw silk in Indonesia was estimated at less than X ha, remaining stable against 2021 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Raw Silk Exports

Exports from Indonesia

In 2019, raw silk exports from Indonesia dropped modestly to X kg, reducing by -2.6% against 2018. In general, exports recorded a abrupt setback. Over the period under review, the exports reached the peak figure at X kg in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, raw silk exports amounted to $X in 2019. Over the period under review, exports recorded a drastic downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

Exports by Country

Switzerland (X kg) was the main destination for raw silk exports from Indonesia, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Switzerland was relatively modest.

In value terms, Switzerland ($X) emerged as the key foreign market for raw silk exports from Indonesia.

From 2012 to 2019, the average annual growth rate of value to Switzerland was relatively modest.

Export Prices by Country

The average raw silk export price stood at $X per ton in 2019, increasing by 3.7% against the previous year. Overall, the export price enjoyed modest growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2012 to 2019, the rate of growth in terms of prices for Morocco amounted to 0.0% per year.

Raw Silk Imports

Imports into Indonesia

In 2022, after six years of growth, there was significant decline in overseas purchases of raw silk, when their volume decreased by -13.3% to X kg. Over the period under review, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2014 with an increase of 912%. As a result, imports reached the peak of X kg. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, raw silk imports contracted to $X in 2022. Overall, imports, however, recorded a measured expansion. The pace of growth was the most pronounced in 2014 with an increase of 1,733% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X kg) constituted the largest supplier of raw silk to Indonesia, accounting for a 89% share of total imports. Moreover, raw silk imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold. Hong Kong SAR (X kg) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.8% per year) and Hong Kong SAR (+3.6% per year).

In value terms, China ($X) constituted the largest supplier of raw silk to Indonesia, comprising 90% of total imports. The second position in the ranking was taken by Singapore ($X), with a 6.9% share of total imports. It was followed by the United States, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-10.3% per year) and the United States (+4.3% per year).

Import Prices by Country

In 2022, the average raw silk import price amounted to $X per ton, with an increase of 2.7% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, raw silk import price decreased by -11.1% against 2015 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 81%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+28.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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