Indonesia: Market for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles 2024

Market Size for Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Indonesia

The Indonesian knitted shawl and scarf market contracted slightly to $X in 2022, reducing by -1.8% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +9.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +18.2% against 2016 indices. Knitted shawl and scarf consumption peaked at $X in 2021, and then fell slightly in the following year.

Production of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles in Indonesia

In value terms, knitted shawl and scarf production reduced to $X in 2022 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.9% against 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 37%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Exports from Indonesia

In 2022, exports of shawls, scarves and the like of knitted or crocheted textiles from Indonesia rose remarkably to X units, with an increase of 14% compared with the year before. Over the period under review, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 96% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, knitted shawl and scarf exports dropped notably to $X in 2022. In general, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by 207% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for knitted shawl and scarf exports from Indonesia, accounting for a 36% share of total exports. Moreover, knitted shawl and scarf exports to the United States exceeded the volume sent to the second major destination, Russia (X units), fivefold. Vietnam (X units) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+194.4% per year) and Vietnam (+28.9% per year).

In value terms, the largest markets for knitted shawl and scarf exported from Indonesia were the United States ($X), Vietnam ($X) and Somalia ($X), together accounting for 39% of total exports. China, Canada, Maldives, Russia, Germany, Malaysia, Singapore, Switzerland and Japan lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, Russia, with a CAGR of +161.2%, saw the highest rates of growth with regard to 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 knitted shawl and scarf export price amounted to $X per unit, reducing by -26.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 56% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Switzerland ($X per unit) 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 (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Shawls, Scarves And The Like Of Knitted Or Crocheted Textiles

Imports into Indonesia

After two years of growth, overseas purchases of shawls, scarves and the like of knitted or crocheted textiles decreased by -9.9% to X units in 2022. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 155% against the previous year. Imports peaked at X units in 2021, and then dropped in the following year.

In value terms, knitted shawl and scarf imports shrank to $X in 2022. In general, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 137% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest knitted shawl and scarf supplier to Indonesia, with a 89% share of total imports. Moreover, knitted shawl and scarf imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold. Hong Kong SAR (X units) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+37.7% per year) and Hong Kong SAR (+9.3% per year).

In value terms, China ($X) constituted the largest supplier of shawls, scarves and the like of knitted or crocheted textiles to Indonesia, comprising 64% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 21% share of total imports. It was followed by Singapore, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+24.8% per year) and Singapore (+41.7% per year).

Import Prices by Country

The average knitted shawl and scarf import price stood at $X per unit in 2022, growing by 5.4% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2015 an increase of 19% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average 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 Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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