Indonesia: Knitted Ski-Suit Market 2025

Knitted Ski-Suit Market Size in Indonesia

In 2022, the Indonesian knitted ski-suit market decreased by -4.5% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, showed notable growth. Knitted ski-suit consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Knitted Ski-Suit Production in Indonesia

In value terms, knitted ski-suit production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 37%. Knitted ski-suit production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Knitted Ski-Suit Exports

Exports from Indonesia

In 2022, overseas shipments of ski-suits of knitted or crocheted textiles increased by 33% to X units for the first time since 2017, thus ending a four-year declining trend. In general, exports posted noticeable growth. The most prominent rate of growth was recorded in 2015 with an increase of 129%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, knitted ski-suit exports skyrocketed to $X in 2022. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 87%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for knitted ski-suit exports from Indonesia, accounting for a 52% share of total exports. Moreover, knitted ski-suit exports to Spain exceeded the volume sent to the second major destination, Lebanon (X units), threefold. The third position in this ranking was held by Japan (X units), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +46.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+18.5% per year) and Japan (-3.7% per year).

In value terms, Lebanon ($X), Spain ($X) and Japan ($X) were the largest markets for knitted ski-suit exported from Indonesia worldwide, together accounting for 67% of total exports. These countries were followed by Colombia, the United States, Germany, Costa Rica and Canada, which together accounted for a further 20%.

Among the main countries of destination, Colombia, with a CAGR of +72.4%, 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

The average knitted ski-suit export price stood at $X per unit in 2022, declining by -6.5% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, knitted ski-suit export price increased by +110.4% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 67% against the previous year. The export price peaked at $X per unit in 2021, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Costa Rica ($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 Japan (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Knitted Ski-Suit Imports

Imports into Indonesia

In 2022, approx. X units of ski-suits of knitted or crocheted textiles were imported into Indonesia; which is down by -27.8% against 2021. Overall, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by 1,088%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, knitted ski-suit imports contracted notably to $X in 2022. In general, imports showed a sharp slump. The growth pace was the most rapid in 2014 with an increase of 381% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Singapore (X units) and Cambodia (X units) were the main suppliers of knitted ski-suit imports to Indonesia, together accounting for 82% of total imports. France, South Korea and Hong Kong SAR lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +11.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X), Cambodia ($X) and China ($X) were the largest knitted ski-suit suppliers to Indonesia, with a combined 95% share of total imports. Hong Kong SAR, France and South Korea lagged somewhat behind, together accounting for a further 4.9%.

South Korea, with a CAGR of +10.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average knitted ski-suit import price amounted to $X per unit, declining by -10.6% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 74%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a 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 Cambodia ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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