Indonesia: Silk-Worm Cocoons Market 2024

Silk-Worm Cocoons Market Size in Indonesia

The Indonesian silk-worm cocoons market contracted slightly to $X in 2022, dropping by -3.1% against the previous year. Over the period under review, consumption, however, faced a abrupt contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Silk-Worm Cocoons Production in Indonesia

In value terms, silk-worm cocoons production contracted to $X in 2022 estimated in export price. In general, production recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 42%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The average yield of silk-worm cocoons (reelable) in Indonesia totaled less than X kg per ha in 2022, approximately equating the year before. In general, 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.

The silk-worm cocoons harvested area in Indonesia stood at less than X ha in 2022, flattening at the previous year. Overall, the harvested area showed a relatively flat trend pattern.

Silk-Worm Cocoons Exports

Exports from Indonesia

In 2022, the amount of silk-worm cocoons (reelable) exported from Indonesia declined rapidly to X kg, shrinking by -51.6% compared with the previous year. Over the period under review, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 1,669% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, silk-worm cocoons exports fell significantly to $X in 2022. In general, exports showed a significant decline. The growth pace was the most rapid in 2021 with an increase of 1,084%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X kg), Germany (X kg) and Singapore (X kg) were the main destinations of silk-worm cocoons exports from Indonesia, together comprising 70% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) emerged as the key foreign market for silk-worm cocoons (reelable) exports from Indonesia, comprising 49% of total exports. The second position in the ranking was held by Germany ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and Singapore (-56.2% per year).

Export Prices by Country

In 2022, the average silk-worm cocoons export price amounted to $X per ton, with an increase of 12% against the previous year. In general, the export price continues to indicate a moderate increase. The growth pace was the most rapid in 2016 when the average export price increased by 105% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 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 Spain ($X per ton), while the average price for exports to Germany ($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 Singapore (-1.2%).

Silk-Worm Cocoons Imports

Imports into Indonesia

In 2022, after eight years of growth, there was decline in purchases abroad of silk-worm cocoons (reelable), when their volume decreased by 0% to X tons. In general, imports saw a noticeable slump. The growth pace was the most rapid in 2014 when imports increased by 340% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, silk-worm cocoons imports reduced to $X in 2022. Overall, imports saw a slight downturn. The growth pace was the most rapid in 2014 when imports increased by 388%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of silk-worm cocoons to Indonesia, accounting for a 64% share of total imports. Moreover, silk-worm cocoons imports from Malaysia exceeded the figures recorded by the second-largest supplier, Thailand (X kg), fourfold. Singapore (X kg) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-16.0% per year) and Singapore (-9.5% per year).

In value terms, the United States ($X), Thailand ($X) and Malaysia ($X) were the largest silk-worm cocoons suppliers to Indonesia, with a combined 62% share of total imports. The UK, Singapore and Japan lagged somewhat behind, together comprising a further 24%.

In terms of the main suppliers, the UK, with a CAGR of +61.0%, recorded the highest growth rate of 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

The average silk-worm cocoons import price stood at $X per ton in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2014 an increase of 11% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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