The market is dominated by domestic suppliers, as imports account for 33.6% of total market size in 2022. Households drive market demand, with household spending representing 77.6% of total demand in 2022. Indonesia has the seventh largest market size for knitted and crocheted articles regionally, with demand reaching USD2.7 billion in 2022. The total number of companies increases in 2022, to 15,267 units. The costs of the industry increase by 12.2% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 47.7% of production value in 2022, the highest regionally. The industry’s exports share increases in 2022 to 71.9% of total production output. With production value of USD6.0 billion, Indonesia accounts for 5.0% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Knitted and Crocheted Articles in Indonesia: ISIC 173. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Knitted and Crocheted Articles in Indonesia: ISIC 173 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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