Indonesia: Wadding Market 2025

Wadding Market Size in Indonesia

The Indonesian wadding market expanded sharply to $X in 2021, increasing by 12% against the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.4% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Wadding Production in Indonesia

In value terms, wadding production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Wadding Exports

Exports from Indonesia

In 2021, exports of wadding from Indonesia reduced to X tons, declining by -7.6% compared with the year before. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 when exports increased by 18%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, wadding exports dropped to $X in 2021. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 11% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for wadding exports from Indonesia, with a 42% share of total exports. Moreover, wadding exports to China exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. Australia (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+5.2% per year) and Australia (-7.0% per year).

In value terms, China ($X) remains the key foreign market for wadding exports from Indonesia, comprising 36% of total exports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total exports. It was followed by India, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+4.4% per year) and India (+19.6% per year).

Export Prices by Country

The average wadding export price stood at $X per ton in 2021, with an increase of 5.7% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 12%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Malaysia ($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 Poland (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wadding Imports

Imports into Indonesia

In 2021, imports of wadding into Indonesia fell rapidly to X tons, which is down by -36.3% against the year before. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 118% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, wadding imports declined to $X in 2021. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 87%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Singapore (X tons) and South Korea (X tons) were the main suppliers of wadding imports to Indonesia, together accounting for 77% of total imports. The Philippines, Japan, Thailand and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +36.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Singapore ($X) and China ($X) were the largest wadding suppliers to Indonesia, with a combined 74% share of total imports.

Among the main suppliers, Singapore, with a CAGR of +36.3%, recorded the highest rates of growth with regard to 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

In 2021, the average wadding import price amounted to $X per ton, surging by 45% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform