Indonesia's fibre exports to Bangladesh surge, yarn plunge in 2023

Indonesia’s textile exports to Bangladesh were valued at $197.582 million during the first three quarters of 2023. Indonesia’s fibre export rose marginally by 1.39 per cent to $124.877 million during January-September 2023, up from $123.159 million in the corresponding period of the previous year. However, yarn exports to Bangladesh plummeted by 58.55 per cent to $64.370 million in the period under review, down from $155.294 million in January-September 2022, according to Fibre2Fashion’s market insight tool TexPro. 

Indonesia's fabric export to Bangladesh totalled $8.334 million during the first three quarters of 2023, representing 4.22 per cent of the total textile shipment. Fabric exports saw a decline of 33.54 per cent from $12.541 million in the same period of 2022. 

During 2022, the outbound shipment from Indonesia totalled $352.450 million. It exported fibre valued at $154.880 million, which constituted 43.94 per cent of the total. Meanwhile, yarn exports were $182.232 million, accounting for 51.70 per cent of the total shipment. Fabric shipments were valued at $15.336 million, making up 4.35 per cent, as per TexPro.

ALCHEMPro News Desk (KUL)