Indonesia: Cotton Bag Market 2024

Cotton Bag Market Size in Indonesia

In 2021, the Indonesian cotton bag market decreased by -0.9% to $X, falling for the second consecutive year after three years of growth. Overall, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% 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 decreased by -2.6% against 2019 indices. Cotton bag consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Cotton Bag Production in Indonesia

In value terms, cotton bag production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +79.9% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 71% against the previous year. Cotton bag production peaked at $X in 2020, and then declined in the following year.

Cotton Bag Exports

Exports from Indonesia

In 2021, cotton bag exports from Indonesia surged to X tons, rising by 35% on the previous year's figure. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 66%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, cotton bag exports surged to $X in 2021. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 49%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for cotton bag exports from Indonesia, accounting for a approx. 97% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +12.0%.

In value terms, the United States ($X) also remains the key foreign market for sacks and bags of cotton exports from Indonesia.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +13.2%.

Export Prices by Country

The average cotton bag export price stood at $X per ton in 2021, growing by 8.9% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 40% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +1.0% per year.

Cotton Bag Imports

Imports into Indonesia

In 2021, approx. X tons of sacks and bags of cotton were imported into Indonesia; jumping by 70% compared with 2020. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 100% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, cotton bag imports surged to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by 91% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cotton bag to Indonesia, accounting for a 84% share of total imports. Moreover, cotton bag imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +103.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-13.4% per year) and Japan (+46.7% per year).

In value terms, China ($X) constituted the largest supplier of sacks and bags of cotton to Indonesia, comprising 80% of total imports. The second position in the ranking was held by India ($X), with an 11% share of total imports. It was followed by Japan, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +122.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-12.4% per year) and Japan (+45.0% per year).

Import Prices by Country

The average cotton bag import price stood at $X per ton in 2021, approximately equating the previous year. In general, the import price, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2014 an increase of 49% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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