Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Indonesia - 2022

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Indonesia (FOB) - 2022
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Indonesia (CIF) - 2022
3. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Indonesia
4. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Indonesia

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Indonesia (FOB) - 2022

The average export price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.2 per square meter in 2022, which is down by -13.3% against the previous year. In general, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of 12% against the previous year. Over the period under review, the average export prices reached the maximum at $0.2 per square meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($0.3 per square meter) and Italy ($0.2 per square meter), while the average price for exports to Thailand ($0.2 per square meter) and the Philippines ($0.2 per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-0.0%), while the prices for the other major destinations experienced a decline.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Indonesia (CIF) - 2022

In 2022, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.5 per square meter, jumping by 54% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fabrics, woven; from strip or the like, of synthetic textile materialses increased by +95.4% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($1.8 per square meter), while the price for Saudi Arabia ($0.2 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Indonesia

In 2022, approx. 58M square meters of fabrics, woven; from strip or the like, of synthetic textile materialses were exported from Indonesia; which is down by -14.8% compared with the previous year's figure. Over the period under review, exports recorded a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of 68M square meters, and then dropped in the following year.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses dropped significantly to $11M in 2022. Overall, exports recorded a slight shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 34%. As a result, the exports attained the peak of $15M, and then contracted dramatically in the following year.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Indonesia in 2022:

1. Malaysia (34.9M square meters)
2. Thailand (12.3M square meters)
3. Philippines (4.7M square meters)
4. Italy (2.4M square meters)
5. China (1.0M square meters)
6. Japan (0.6M square meters)

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Indonesia

In 2022, imports of fabrics, woven; from strip or the like, of synthetic textile materialses into Indonesia fell markedly to 4.1M square meters, which is down by -52.8% compared with the year before. In general, imports recorded a sharp descent. The smallest decline of -19.9% was in 2021. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses reached the maximum at 49M square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses shrank remarkably to $2.3M in 2022. Over the period under review, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2021 when imports increased by 1.7%. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses attained the maximum at $14M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Indonesia in 2022:

1. China (1787.3K square meters)
2. Saudi Arabia (1500.1K square meters)
3. Japan (202.8K square meters)
4. Vietnam (163.5K square meters)
5. Taiwan (Chinese) (157.1K square meters)
6. India (133.8K square meters)
7. South Korea (129.1K square meters)

Source: IndexBox Market Intelligence Platform