Indonesia: Silk Yarn Market 2021

Silk Yarn Market Size in Indonesia

In 2019, the Indonesian silk yarn market decreased by -X% to $X, falling for the fourth year in a row after nine years of growth. In general, the total consumption indicated a modest expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2014 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

Silk Yarn Production in Indonesia

In value terms, silk yarn production dropped to $X in 2019 estimated in export prices. Over the period under review, the total production indicated a pronounced expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.

Silk Yarn Exports

Exports from Indonesia

Silk yarn exports from Indonesia dropped sharply to X kg in 2019, waning by -X% compared with the previous year. Over the period under review, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. As a result, exports reached the peak of X tons. From 2010 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, silk yarn exports dropped notably to $X in 2019. In general, exports recorded a deep contraction. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

Timor-Leste (X kg) and Singapore (X kg) were the main destinations of silk yarn exports from Indonesia, together accounting for X% of total exports.

From 2007 to 2019, the biggest increases were in Timor-Leste.

In value terms, Singapore ($X) remains the key foreign market for silk yarn exports from Indonesia, comprising X% of total exports. The second position in the ranking was occupied by Timor-Leste ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Singapore stood at -X%.

Export Prices by Country

In 2019, the average silk yarn export price amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per ton. From 2018 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per ton), while the average price for exports to Timor-Leste totaled $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste.

Silk Yarn Imports

Imports into Indonesia

After three years of growth, supplies from abroad of silk yarn decreased by -X% to X tons in 2019. Overall, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at X tons in 2011; however, from 2012 to 2019, imports remained at a lower figure.

In value terms, silk yarn imports reduced markedly to $X in 2019. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2010; however, from 2011 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X tons) constituted the largest silk yarn supplier to Indonesia, with a X% share of total imports. Moreover, silk yarn imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), twofold.

From 2007 to 2019, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and South Korea (+X% per year).

In value terms, China ($X) constituted the largest supplier of silk yarn to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2019, rising by X% against the previous year. Overall, the import price, however, recorded a abrupt slump. The growth pace was the most rapid in 2013 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was China ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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