Indonesia: Man-Made Filament Yarn Market 2025

Man-Made Filament Yarn Market Size in Indonesia

The Indonesian man-made filament yarn market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, showed a deep setback. Man-made filament yarn consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Man-Made Filament Yarn Production in Indonesia

In value terms, man-made filament yarn production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt downturn. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Man-Made Filament Yarn Exports

Exports from Indonesia

In 2021, overseas shipments of man-made filament yarn increased by 38% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports, however, recorded a slight reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, man-made filament yarn exports surged to $X in 2021. Overall, exports, however, continue to indicate a mild contraction. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Vietnam (X tons) and China (X tons) were the main destinations of man-made filament yarn exports from Indonesia, together comprising 75% of total exports. Bangladesh, Hungary, Egypt and Mexico lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +86.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for man-made filament yarn exported from Indonesia were Vietnam ($X), Turkey ($X) and China ($X), with a combined 79% share of total exports. These countries were followed by Bangladesh, Hungary, Egypt and Mexico, which together accounted for a further 13%.

Mexico, with a CAGR of +33.4%, saw the highest rates of growth with regard to the value of exports, among 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

In 2021, the average man-made filament yarn export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 50% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Mexico ($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 Bangladesh (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Man-Made Filament Yarn Imports

Imports into Indonesia

In 2021, the amount of man-made filament yarn imported into Indonesia skyrocketed to X tons, increasing by 41% against 2020. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 44%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, man-made filament yarn imports soared to $X in 2021. In general, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of man-made filament yarn to Indonesia, with a 94% share of total imports. It was followed by India (X tons), with a 2.4% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+44.9% per year) and South Korea (-17.2% per year).

In value terms, China ($X) constituted the largest supplier of man-made filament yarn to Indonesia, comprising 89% of total imports. The second position in the ranking was held by South Korea ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-8.0% per year) and India (+35.5% per year).

Import Prices by Country

The average man-made filament yarn import price stood at $X per ton in 2021, jumping by 42% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the average import price increased by 48% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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 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 South Korea (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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