Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Indonesia - 2022

Contents:

1. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Indonesia (FOB) - 2022
2. Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Indonesia (CIF) - 2022
3. Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Indonesia
4. Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Indonesia

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Indonesia (FOB) - 2022

In 2022, the average export price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $10,755 per ton, growing by 66% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s increased by +143.6% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($12,287 per ton), while the average price for exports to Singapore ($4,552 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.8%).

Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Indonesia (CIF) - 2022

In 2022, the average import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $3,170 per ton, which is down by -38.8% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $9,413 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($4,079 per ton), while the price for Malaysia ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-2.3%), while the prices for the other major suppliers experienced a decline.

Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Indonesia

In 2022, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s from Indonesia soared to 1.1 tons, picking up by 19% on the year before. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 4,381%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s surged to $12K in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 4,824% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) from Indonesia in 2022:

1. India (855.0 kg)
2. Singapore (174.0 kg)
3. Thailand (95.0 kg)

Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in Indonesia

In 2022, approx. 470 kg of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s were imported into Indonesia; picking up by 50% on the previous year's figure. Over the period under review, imports, however, faced a precipitous contraction.

In value terms, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s shrank to $1.5K in 2022. In general, imports, however, faced a precipitous descent. The smallest decline of -8.3% was in 2021.

Top Suppliers of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) to Indonesia in 2022:

1. South Korea (405.0 kg)
2. Taiwan (Chinese) (38.0 kg)
3. Malaysia (26.0 kg)

Source: IndexBox Market Intelligence Platform