Indonesia's apparel & fabric imports decline in early 2024

06 Jul '24

2 min read

Indonesia's apparel & fabric imports decline in early 2024

Pic: Adobe Stock

Insights

Indonesia imported $119.185 million in apparel and $961.317 million in fabric in Q1 2024, slightly down from the previous year.
Annual data shows fluctuating trends in textile imports and exports.
The government plans to impose safeguard duties of 100 to 200 per cent on various products, including clothing, which could further impact trade.

Indonesia imported apparel worth $119.185 million and fabric worth $961.317 million between January and March 2024. These figures represent a slight decrease compared to the same period in 2023, when imports were $127.373 million for apparel and $980.565 million for fabric. The country, with its robust garment industry, plays a significant role in the global garment market. The trade figures are particularly noteworthy as the government has announced plans to impose safeguard duties of 100 to 200 per cent on various products, including clothing.

According to Fibre2Fashion's market insight tool TexPro, Indonesia’s imports of apparel and fabric during the last quarter of 2023 were $143.070 million and $1,038.104 million, respectively.

Annual import data shows volatility in apparel imports. In 2023, Indonesia imported apparel worth $539.370 million, slightly lower than the $586.299 million imported in 2022. Previous years saw imports of $637.590 million in 2021, $627.349 million in 2020, and $844.720 million in 2019.

Fabric imports also fluctuated, dropping to $3,999.075 million in 2023 from $4,769.954 million in 2022. The imports had decreased significantly to $3,159.823 million in 2020 from $4,320.039 million in 2019, before recovering to $4,322.120 million in 2021 and $4,769.954 million in 2022.

Indonesia’s apparel exports saw a notable rise in 2022, reaching $9,580.622 million after several years of slower growth. However, exports decreased to $8,001.823 million in 2023 and $2,029.396 million for the first quarter of 2024. Fabric exports were recorded at $213.545 million in January-March 2024, down from $870.114 million in 2023 and $915.553 million in 2022, as per TexPro.

Fibre2Fashion News Desk (KUL)

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This according to Fibre2Fashion's Market Intelligence Tool - TexPro