Report Update: May 1, 2024

Indonesia - Articles Of Twine, Cordage, Rope Or Cables - Market Analysis, Forecast, Size, Trends And Insights

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Twine Product Price in Indonesia - 2022

Twine Product Price in Indonesia (CIF) - 2022

In March 2022, the average twine product import price amounted to $5,662 per ton, rising by 20% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in November 2021 an increase of 25% m-o-m. Over the period under review, average import prices attained the maximum at $6,454 per ton in June 2021; however, from July 2021 to March 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was South Korea ($15,287 per ton), while the price for Singapore ($3,775 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Twine Product Price in Indonesia (FOB) - 2022

In March 2022, the average twine product export price amounted to $4,066 per ton, dropping by -32.6% against the previous month. Over the period under review, export price indicated a temperate increase from March 2021 to March 2022: its price increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, twine product export price decreased by -32.6% against February 2022 indices. The growth pace was the most rapid in May 2021 when the average export price increased by 67% month-to-month. The export price peaked at $6,032 per ton in February 2022, and then fell sharply in the following month.

There were significant differences in the average prices for the major external markets. In March 2022, the country with the highest price was the United States ($5,923 per ton), while the average price for exports to South Korea stood at $1,001 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Twine Product Imports in Indonesia

Twine product imports into Indonesia skyrocketed to 3.4K tons in 2022, rising by 60% compared with 2021 figures. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, twine product imports soared to $19M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Twine Product in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.4	3.7	6.3	10.9	35.3%
South Korea	1.1	1.2	1.5	2.2	26.0%
Taiwan (Chinese)	0.5	0.5	0.8	1.2	33.9%
Singapore	0.1	0.5	0.6	0.9	108.0%
Vietnam	0.1	0.1	0.3	0.5	71.0%
Saudi Arabia	N/A	N/A	N/A	0.1	0%
Others	1.8	1.5	1.7	3.4	23.6%
Total	8.2	7.6	11.2	19.1	32.6%

Top Suppliers of Twine Product to Indonesia in 2022:

China (2090.7 tons)
Saudi Arabia (453.6 tons)
Singapore (271.2 tons)
South Korea (167.8 tons)
Taiwan (Chinese) (161.6 tons)
Vietnam (83.6 tons)

Twine Product Exports in Indonesia

Twine product exports from Indonesia shrank markedly to 721 tons in 2022, with a decrease of -29.4% on the previous year's figure. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 1.8% against the previous year.

In value terms, twine product exports dropped modestly to $3.9M in 2022. The total export value increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15%.

Export of Twine Product in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	461	1,755	2,365	2,821	82.9%
South Korea	545	587	347	241	-23.8%
Vietnam	994	259	96.5	218	-39.7%
Italy	173	172	178	88.8	-19.9%
Canada	1.3	54.6	150	72.9	282.8%
Australia	189	53.2	84.1	31.0	-45.3%
Others	668	615	726	451	-12.3%
Total	3,031	3,495	3,947	3,923	9.0%

Top Export Markets for Twine Product from Indonesia in 2022:

United States (403.5 tons)
South Korea (157.1 tons)
Vietnam (67.0 tons)
Italy (21.0 tons)
Canada (13.0 tons)
Australia (2.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the twine product market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13941280 - Articles of twine, cordage, rope or cables

Country coverage:

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023