Price for Clothing; Parts, Knitted or Crocheted in Indonesia - 2022
Contents:
- Price for Clothing; Parts, Knitted or Crocheted in Indonesia (CIF) - 2022
- Price for Clothing; Parts, Knitted or Crocheted in Indonesia (FOB) - 2022
- Imports of Clothing; Parts, Knitted or Crocheted in Indonesia
- Exports of Clothing; Parts, Knitted or Crocheted in Indonesia
Price for Clothing; Parts, Knitted or Crocheted in Indonesia (CIF) - 2022
The average import price for clothing; parts, knitted or crocheted stood at $11,990 per ton in 2022, surging by 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($17,718 per ton), while the price for Malaysia ($8,076 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Clothing; Parts, Knitted or Crocheted in Indonesia (FOB) - 2022
In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $10,733 per ton, increasing by 51% against the previous year. In general, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 173% against the previous year. Over the period under review, the average export prices reached the maximum at $11,034 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($19,844 per ton), while the average price for exports to Timor-Leste ($1,336 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 Australia (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clothing; Parts, Knitted or Crocheted in Indonesia
In 2022, clothing; parts, knitted or crocheted imports into Indonesia shrank to 1.7K tons, waning by -6% on the previous year. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 53% against the previous year. As a result, imports reached the peak of 1.8K tons, and then reduced in the following year.
In value terms, clothing; parts, knitted or crocheted imports surged to $20M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +102.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 69%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Clothing; Parts, Knitted or Crocheted in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.8 | 8.4 | 14.2 | 15.8 | 21.5% |
| Hong Kong SAR | 0.2 | 0.1 | 0.1 | 1.3 | 86.6% |
| Taiwan (Chinese) | 0.6 | 0.3 | 0.8 | 1.2 | 26.0% |
| Malaysia | N/A | 0.1 | 0.8 | 0.6 | 144.9% |
| Vietnam | 0.2 | 0.3 | 0.2 | 0.5 | 35.7% |
| South Korea | 0.5 | 0.3 | 0.5 | 0.2 | -26.3% |
| Singapore | 4.6 | 0.2 | N/A | N/A | -95.7% |
| Others | 0.4 | 0.2 | 0.3 | 0.5 | 7.7% |
| Total | 15.3 | 10.0 | 16.9 | 20.3 | 9.9% |
Top Suppliers of Clothing; Parts, Knitted or Crocheted to Indonesia in 2022:
- China (1336.2 tons)
- Hong Kong SAR (111.4 tons)
- Malaysia (78.1 tons)
- Taiwan (Chinese) (69.6 tons)
- Vietnam (62.3 tons)
- South Korea (12.5 tons)
- Singapore (5.0 tons)
Exports of Clothing; Parts, Knitted or Crocheted in Indonesia
In 2022, overseas shipments of clothing; parts, knitted or crocheted decreased by -15.5% to 10 tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 45%. As a result, the exports reached the peak of 12 tons, and then shrank significantly in the following year.
In value terms, clothing; parts, knitted or crocheted exports surged to $108K in 2022. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 67%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Clothing; Parts, Knitted or Crocheted in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | N/A | N/A | 50.3 | 87.3 | 73.6% |
| Singapore | 0.2 | 10.7 | 15.1 | 7.3 | 231.7% |
| South Africa | N/A | N/A | N/A | 4.7 | 0% |
| Australia | 0.4 | 1.2 | 0.3 | 3.3 | 102.1% |
| United Arab Emirates | 28.7 | 13.1 | 2.8 | N/A | -68.8% |
| Others | 12.6 | 45.1 | 16.1 | 5.5 | -24.1% |
| Total | 41.9 | 70.0 | 84.6 | 108 | 37.1% |
Top Export Markets for Clothing; Parts, Knitted or Crocheted from Indonesia in 2022:
- Cambodia (8.4 tons)
- Singapore (0.7 tons)
- South Africa (0.4 tons)
- Australia (0.2 tons)
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