Indonesia: Technical Textiles Market 2024

Technical Textiles Market Size in Indonesia

The Indonesian technical textiles market fell to $X in 2021, declining by -12.6% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined in the following year.

Technical Textiles Production in Indonesia

In value terms, technical textiles production declined remarkably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2020 with an increase of 107% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Technical Textiles Exports

Exports from Indonesia

Technical textiles exports from Indonesia soared to X tons in 2021, growing by 36% against the previous year. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +63.9% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 44%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, technical textiles exports stood at $X in 2021. The total export value increased at an average annual rate of +6.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X tons), Vietnam (X tons) and the United States (X tons) were the main destinations of technical textiles exports from Indonesia, together accounting for 78% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +71.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for technical textiles exported from Indonesia were Japan ($X), China ($X) and Vietnam ($X), together accounting for 70% of total exports.

China, with a CAGR of +42.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average technical textiles export price stood at $X per ton in 2021, falling by -18.1% against the previous year. Over the period under review, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2014 an increase of 26%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.

Technical Textiles Imports

Imports into Indonesia

In 2021, the amount of textile products and articles for technical uses imported into Indonesia skyrocketed to X tons, picking up by 19% on 2020 figures. Over the period under review, imports, however, showed a slight reduction. The pace of growth was the most pronounced in 2017 when imports increased by 101%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, technical textiles imports rose significantly to $X in 2021. In general, imports, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2017 with an increase of 28%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of technical textiles to Indonesia, with a 61% share of total imports. Moreover, technical textiles imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. South Korea (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-3.5% per year) and South Korea (-9.5% per year).

In value terms, China ($X) constituted the largest supplier of textile products and articles for technical uses to Indonesia, comprising 43% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by South Korea, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.1% per year) and South Korea (-17.7% per year).

Import Prices by Country

In 2021, the average technical textiles import price amounted to $X per ton, reducing by -9.9% against the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 37% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Vietnam ($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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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