Indonesia: Silk Yarn Market 2025

Silk Yarn Market Size in Indonesia

In 2021, the Indonesian silk yarn market increased by 20% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, faced a significant contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silk Yarn Exports

Exports from Indonesia

In 2021, overseas shipments of silk yarn and yarn spun from silk waste decreased by -62.7% to X tons, falling for the second year in a row after eight years of growth. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 140% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, silk yarn exports declined rapidly to $X in 2021. In general, exports saw a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by 204% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for silk yarn exports from Indonesia, with a 88% share of total exports. Moreover, silk yarn exports to Malaysia exceeded the volume sent to the second major destination, South Korea (X kg), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Malaysia stood at +4.4%.

In value terms, Malaysia ($X) remains the key foreign market for silk yarn and yarn spun from silk waste exports from Indonesia, comprising 73% of total exports. The second position in the ranking was held by South Korea ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Malaysia stood at -6.2%.

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2021, declining by -11.2% against the previous year. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 27%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-3.3%), while the prices for the other major destinations experienced a decline.

Silk Yarn Imports

Imports into Indonesia

After three years of decline, purchases abroad of silk yarn and yarn spun from silk waste increased by 0.6% to X tons in 2021. Overall, imports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 37% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, silk yarn imports declined to $X in 2021. Over the period under review, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by 671%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of silk yarn to Indonesia, with a 59% share of total imports. Moreover, silk yarn imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-13.3% per year) and Taiwan (Chinese) (+4.5% per year).

In value terms, China ($X) constituted the largest supplier of silk yarn and yarn spun from silk waste to Indonesia, comprising 85% of total imports. The second position in the ranking was taken by Singapore ($X), with a 6.6% share of total imports. It was followed by Hong Kong SAR, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-28.1% per year) and Hong Kong SAR (+49.6% per year).

Import Prices by Country

In 2021, the average silk yarn import price amounted to $X per ton, falling by -10.4% against the previous year. In general, the import price, however, recorded a tangible expansion. The pace of growth appeared the most rapid in 2017 an increase of 461%. The import price peaked at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+20.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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