Indonesia: Textile Wadding Market 2024

Textile Wadding Market Size in Indonesia

The Indonesian textile wadding market contracted to $X in 2022, declining by -7.2% against the previous year. In general, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.1% against 2020 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Textile Wadding Production in Indonesia

In value terms, textile wadding production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Textile Wadding Exports

Exports from Indonesia

In 2022, overseas shipments of wadding of textile materials and articles thereof increased by 12% to X tons, rising for the fourth consecutive year after three years of decline. In general, total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.8% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of 60% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, textile wadding exports reduced slightly to $X in 2022. Overall, exports, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2019 when exports increased by 20%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main destinations of textile wadding exports from Indonesia, together comprising 58% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +28.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for wadding of textile materials and articles thereof exports from Indonesia, comprising 27% of total exports. The second position in the ranking was taken by South Korea ($X), with a 9% share of total exports. It was followed by India, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to China totaled -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+2.3% per year) and India (+15.5% per year).

Export Prices by Country

The average textile wadding export price stood at $X per ton in 2022, which is down by -13.2% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 12%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (-0.6%), while the prices for the other major destinations experienced a decline.

Textile Wadding Imports

Imports into Indonesia

In 2022, supplies from abroad of wadding of textile materials and articles thereof increased by 27% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 99% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, textile wadding imports soared to $X in 2022. Overall, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 80%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Singapore (X tons), China (X tons) and South Korea (X tons) were the main suppliers of textile wadding imports to Indonesia, together accounting for 75% of total imports. Japan, the Philippines, the United Arab Emirates and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +130.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest textile wadding suppliers to Indonesia were Singapore ($X), South Korea ($X) and Japan ($X), together accounting for 74% of total imports. China, the Philippines, the United Arab Emirates and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 19%.

The United Arab Emirates, with a CAGR of +129.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average textile wadding import price stood at $X per ton in 2022, declining by -8.3% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, textile wadding import price increased by +50.3% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 48%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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