Global Trade Data , Indonesia trade Data
01-Dec-2023
As the global economy evolves, so do the dynamics of numerous markets, and the Indonesia raw cotton market is no exception. Indonesia is a prominent player in the global raw cotton trade due to its fertile agricultural environment and developing textile sector. As we mark the first anniversary of our journey together, let's take a look at the current trends driving the Indonesian raw cotton market, updated raw cotton importers in Indonesia and the opportunities they bring for astute investors and enterprises.
The growing demand for sustainable and organic practices is a key trend in the Indonesian raw cotton market. With consumers becoming more environmentally concerned, there is a growing preference for eco-friendly items. This shift in consumer behaviour provides a great opportunity for firms to investigate sustainable farming practices and sell raw cotton as an environmentally friendly option.
According to SPER market research, the 'Indonesia Textile Manufacturing Market Size- By Textile Type, By Process Type, By Machinery Type - Regional Outlook, Competitive Strategies, and Segment Forecast to 2033', the Indonesia Textile Manufacturing Market is expected to reach USD 20 billion by 2033, at a CAGR of 5.21%.
In 2021, the combined population of urban and rural areas in Indonesia was 57.29 percent. Despite traditionally lagging well behind many other countries, Indonesia's rate of urbanisation is increasing. The expansion of Indonesia's home textile business is expected to be spurred by urban buyers' increased fashion awareness.
Partnerships with farmers and organisations promoting sustainable agriculture, on the other hand, should be considered by investors and stakeholders. This not only coincides with global environmental aims but also offers up new markets for ethically supplied raw materials.
Indonesia has a significant textile sector, ranking among the top 20 in the world. This sector has a large economic impact, accounting for more than 6% of the manufacturing sector's GDP and directly and indirectly employing millions. The industry has great potential, with a market size of USD 13.1 billion and exports exceeding USD 10 billion in 2021 as per Indonesia Export Data. It does, however, confront issues such as global competitiveness, reliance on imported materials, and the need for modernization.
Despite these challenges, the industry's future seems promising, thanks to increased domestic demand and government initiatives. The Indonesian textile sector can reach its ambitious aim of being a top-five global player by focusing on sustainability, ethical practices, and innovation.
In 2021, the textile industry accounted for 6.12% of Indonesia's manufacturing sector GDP, or 1.04% of national GDP. The industry was worth US$12.3 billion in 2021, with a GDP of $1.19 trillion based on Indonesia Trade Data.
As per Indonesia Cotton Import Data, the volume of cotton imported into Indonesia has gradually increased and is expected to reach roughly 2.0 million bales in 2022/23. This reflects the increased need for cotton in the country's textile and garment industries, which rely significantly on imported cotton. China continues to be the primary source, accounting for a considerable part of imports.
The value of cotton imports, however, varies due to global market dynamics and exchange rates. Indonesia may try diversifying its import sources and increasing domestic cotton output to avoid risks and price swings. Furthermore, encouraging sustainable cotton practices may help both local farmers and the environment.
While this analysis provides an overview, additional research is required for more in-depth insights. To know the actual raw cotton buyers list in indonesia, you need to connect with Indonesia Trade Data platform and analyze the updated buyers list, supplier list etc.
Cotton is largely imported into Indonesia from the following countries:
These key sources reflect global cotton trade dynamics, with huge producers such as China and the United States playing important roles. However, Indonesia intends to diversify its import sources to reduce risks and reliance on a single supplier. Looking for most updated list of raw Cotton importers in indonesia, you can analyze the market information from the one single platform i.e IndonesiaTradeData.com
The global pandemic's disruptions have highlighted the significance of resilient and diverse supply networks. As a result, there is a greater emphasis on indigenous production and less reliance on external sources. This trend provides opportunities for Indonesian raw cotton market players to strengthen their positions and contribute to a more resilient supply chain.
Businesses and investors should look for ways to work with local farmers and textile manufacturers to build a resilient ecosystem that can withstand external shocks. This not only assures a steady supply of raw cotton but also adds to the region's economic development.
Looking back over the previous year, it's apparent that the Indonesia raw cotton market has seen substantial changes. Emerging trends such as environmental practices, technological integration, and supply chain resilience can pave the path to success in this volatile context.
Investors and enterprises that adapt to these trends will not only help the Indonesian raw cotton market expand but will also position themselves as leaders in an industry that is evolving towards a more sustainable and technologically sophisticated future. However, If you have any kind of queries, regarding the raw Cotton importers in indonesia, or Indonesia import export data, our dedicated data-experts can help you to solve your all trade queries and helps to grow your business in the global market.
