Indonesia Textile Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Indonesian Textiles Market Report is Segmented by Application (Clothing, Industrial/technical, and Household), by Material (Cotton, Jute, Silk, Synthetics, and Wool), and by Process (Woven and Non-Woven. The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Indonesia Textile Market Size

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Indonesia Textiles Industry Summary
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Study Period 2020-2029
Market Size (2024) USD 13.83 Billion
Market Size (2029) USD 18.10 Billion
CAGR (2024 - 2029) > 5.54 %
Fastest Growing Market Asia Pacific
Largest Market Europe

Major Players

Indonesia Textiles Industry Major Players

*Disclaimer: Major Players sorted in no particular order

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Indonesia Textile Market Analysis

The Indonesia Textiles Market size is estimated at USD 13.83 billion in 2024, and is expected to reach USD 18.10 billion by 2029, growing at a CAGR of greater than 5.54% during the forecast period (2024-2029).

  • As per experts, by 2022, the clothing sector in Indonesia is predicted to rise by about 10.45%. The demand is barely 75% of its pre-COVID-19 levels, though. In recent decades, Indonesia's modest apparel market has experienced tremendous growth. Modest fashion has emerged as a fascinating subject among the wearers of the modern world. Indonesian modest fashion encompasses a variety of trends and styles. It draws inspiration from global elements while retaining a regional heritage and feels.
  • Indonesia's membership in the trade agreement known as the Regional Comprehensive Economic Partnership (RCEP) has received approval from the country's parliament. The nation anticipates increased trade and FDI in several industries. Although the government's policies might not support cooperation within the block, the Indonesian textile industry may also hope for increased investment.
  • Indonesia is a significant supplier of textile goods to several RCEP member nations, including Australia, Japan, New Zealand, South Korea, and Singapore. Indonesia would have improved access to member countries' markets with RCEP membership. It implies that the textile industry in Indonesia may anticipate increased exports. However, given that Indonesia has adopted a strategy to prohibit the export of raw materials and intermediary products, synergy may not develop among the bloc's textile-exporting nations. The RCEP nations that compete with the Indonesian textile industry are Thailand, Vietnam, Myanmar, the Philippines, and Cambodia.
  • According to the West Java Province Textile Product Businesses Association (PPTPJB), 14 West Javan cities and regencies have received complaints of worker layoffs. Sixty-four thousand employees from 124 textile companies were put off two weeks ago. The reduction in consumer spending, notably in the biggest export-destination nations like the United States and Europe, led to layoffs. The demand in one of the factory outlets in Bogor Regency has decreased by 50% since April 2022. The circumstances have become challenging. The market fluctuated in the months that followed before falling as much as 70%.

Indonesia Textile Market Trends

Increase In Exports Is Driving The Demand

  • Cotton imports in 2022/23 were expected to drop by about 22.3% to 2m bales, compared to 2.577m bales in the 2021/21 season. Cotton imports are projected to remain stable at around 2.0m bales in 2022/23/24 as spinners continue to use on-hand stocks before buying new ones.
  • Australia remained Indonesia's largest supplier of cotton between August 2022 and January 2023, with a 46.43% market share and 403k bales in total. Brazil followed at 21.2% (184k bales) followed by the United States at 19.7% (171k bales).
  • Australia's market share is continuing to decline as it faces uncompetitive prices against other competitors, as well as being far away from Indonesia compared to Australia.
  • Indonesia's cotton yarn exports decreased by 47.8% in 2022 to 90,458 metric tons (MT) from a year earlier of 173,402 metric tons (MT). In 2022, the PRC accounted for 29.4% of Indonesia's cotton yarn exports, followed by Bangladesh, 24.3%, Japan, 10.9%, and Honduras.
  • In contrast, Indonesia's cotton fabric exports decreased by 23.9% in 2022 to 8,786 metric tons (MT), compared to 11,557 metric tons exported in 2021. Japan accounted for 52.9% of Indonesian cotton fabric exports, followed by the United States, 15.3%, the PRC, 4%, and Malaysia.
  • Cotton raw materials continue to be sourced as needed by spinners. 2023/24 cotton stocks were projected to decrease slightly by 1,8% to 539,000 bales compared to 2022/23 levels of 547,000 bales. The decrease is attributed to lower initial stocks, stagnant imports, and a slight increase in domestic consumption.
Indonesia Textiles Market: Value of cotton imported, in USD Billion, Indonesia, 2013 - 2022

High Demand Of Fabrics Is Expected To Drive The Market

In the first quarter of 2022, the apparel industry's production volume may increase by 10.44% annually. The demand will only increase to 75% of its pre-COVID-19 levels. In Q2, FY2022, the amount of Indonesia's apparel industry production is projected to slow to 10.15% on an annual basis.

The clothing industry's growth slowed to 0.16% in Q4 of FY2022. But in 2022, Indonesia's apparel sector will experience yearly growth of 5.84%. In Q4 FY2022, it is anticipated that the textile or apparel raw material industries will have a fall of 1.02%. Beginning in July 2022, the textile industry will expand, while the apparel sector will experience two surges of demand in 2024.

In Indonesia, the apparel and garment sector supports the livelihoods of almost 2 million people, according to data from the International Labor Organization. The risks associated with global inflation and the current geopolitical situation are also having an impact on the apparel manufacturing industry. The Central Bank of Indonesia revised its forecast for full-year economic growth downward in April, from 4.7% to 5.5% to between 4.5% and 5.3%.

China is facing increased international pressure over the treatment of people in its far-western region of Xinjiang, which could hurt the country's textile industry and potentially increase the export chances for other Asian nations like Bangladesh, Indonesia, and Vietnam. Cotton and other goods with Xinjiang ties will soon be prohibited, according to US customs.

Indonesia Textiles Market: Textiles Industry, Fibre consumption, Indonesia,  by Textile Type, in percentage (%), 2022

Indonesia Textile Industry Overview

The Indonesian textile industry needs to be more cohesive, with many local and international players in the market. The key players in the polycarbonate market are PT. Sri Rejeki Isman Tbk, PT. Asia Pacific Fibers Tbk, Indorama Corporation (PT. Indo-Rama Synthetics Tbk), PT. Pan Brothers Tbk, and PT. Tifico Fiber Indonesia Tbk, among others.

Indonesia Textile Market Leaders

  1. PT Sri Rejeki Isman TBK

  2. PT Asia Pacific Fibers TBK

  3. Indo-Rama Synthetics TBK

  4. Pt Pan Brothers TBK

  5. PT Tifico Fiber Indonesia TBK

*Disclaimer: Major Players sorted in no particular order

Indonesia Textiles Industry Concentration
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Indonesia Textile Market News

  • November 2023: Through its partnership with Express, WHP Global is expanding its presence in Indonesia, Paraguay, and Central America.
  • October 2023: Renewcell, a textile-to-textile recycling company, announced the addition of Southeast Asian Circulose Suppliers to its network, including Indonesia, which it claims will lead the way circularly worldwide. According to the company, its geographical expansion in Southeast Asia and Europe will lead to an increase in the supply of fashion materials produced from its recyclable alternative cellulose pulp.

Indonesia Textile Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Analysis Method

    2. 2.2 Research Phases

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS & DYNAMICS

    1. 4.1 Current Market Scenario

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

        1. 4.2.1.1 Growing domestic market

        2. 4.2.1.2 Government support driving the market

      2. 4.2.2 Restraints

        1. 4.2.2.1 Competition from other countries

        2. 4.2.2.2 Infrastructure challenges

      3. 4.2.3 Opportunities

        1. 4.2.3.1 Rising demand for sustainable textiles

        2. 4.2.3.2 Technological advancements driving the market

    3. 4.3 Value Chain / Supply Chain Analysis

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

    5. 4.5 Technological Advancements in Textile industry

    6. 4.6 Pricing Analysis and Revenue Analysis of Textile Market

    7. 4.7 Impact of COVID-19 on the market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Clothing

      2. 5.1.2 Industrial/Technical

      3. 5.1.3 Household

      4. 5.1.4 Other Applications

    2. 5.2 By Material

      1. 5.2.1 Cotton

      2. 5.2.2 Jute

      3. 5.2.3 Silk

      4. 5.2.4 Synthetics

      5. 5.2.5 Wool

      6. 5.2.6 Other Materials

    3. 5.3 By Process

      1. 5.3.1 Woven

      2. 5.3.2 Non-woven

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Overview

    2. 6.2 Company Profiles

      1. 6.2.1 PT. Ever Shine Tex Tbk

      2. 6.2.2 PT Trisula Textile Industries Tbk

      3. 6.2.3 PT Century Textile Industry Tbk (Toray Industries Inc.)

      4. 6.2.4 PT Pan Brothers Tbk

      5. 6.2.5 PT Polychem Indonesia Tbk

      6. 6.2.6 PT Sri Rejeki Isman Tbk

      7. 6.2.7 PT Indo Kordsa Tbk

      8. 6.2.8 PT Tifico Fiber Indonesia Tbk

      9. 6.2.9 PT Panasia Group

      10. 6.2.10 PT Asia Pacific Fibers Tbk

      11. 6.2.11 PT Tyfountex Indonesia

      12. 6.2.12 PT Eratex Djaja Tbk

      13. 6.2.13 PT Argo Pantes Tbk

      14. 6.2.14 Indorama Corporation (PT. Indo-Rama Synthetics Tbk)*

    3. *List Not Exhaustive
    4. 6.3 Other Companies

  7. 7. FUTURE OF THE MARKET

  8. 8. APPENDIX

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Indonesia Textile Industry Segmentation

Any substance made of woven threads is a textile. It has numerous uses and many different forms. Textiles are a part of everyone's surroundings or circumstances. Textiles are used in various products, including clothes, furniture, bedding, carpeting, and even automotive parts.

A complete background analysis of the Indonesia Textiles Market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact is included in the report.

The Indonesian textiles market is segmented by application type, material, and process. By application type, the market is segmented by clothing application, industrial/technical application, and household application; by material, the market is segmented by cotton, jute, silk, synthetics, and wool); and by process, the market is segmented by woven and non-woven. The report offers market size and forecasts in value (USD) for all the above segments.

By Application
Clothing
Industrial/Technical
Household
Other Applications
By Material
Cotton
Jute
Silk
Synthetics
Wool
Other Materials
By Process
Woven
Non-woven
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Indonesia Textile Market Research FAQs

The Indonesia Textiles Market size is expected to reach USD 13.83 billion in 2024 and grow at a CAGR of greater than 5.54% to reach USD 18.10 billion by 2029.

In 2024, the Indonesia Textiles Market size is expected to reach USD 13.83 billion.

PT Sri Rejeki Isman TBK, PT Asia Pacific Fibers TBK, Indo-Rama Synthetics TBK, Pt Pan Brothers TBK and PT Tifico Fiber Indonesia TBK are the major companies operating in the Indonesia Textiles Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Europe accounts for the largest market share in Indonesia Textiles Market.

In 2023, the Indonesia Textiles Market size was estimated at USD 13.06 billion. The report covers the Indonesia Textiles Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Textiles Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Indonesia Textile Industry Report

Statistics for the 2024 Indonesia Textile market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Indonesia Textile analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Indonesia Textile Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)