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Indonesia’s exports of fibre to India jumped 155.31 per cent from the shipments of $47.962 million in 2021. The outbound shipment had slipped to $37.090 million in 2020 from $52.500 million of 2019, but it recovered to $47.962 million in 2021. The shipment was $49.576 million in 2018 and $31.752 million in 2017, according to
Similarly, Indonesia’s exports of fibre to Bangladesh dipped to $81.198 million in 2020 after reaching $101.343 million in 2019, but it increased to $131.174 million in 2021 and $154.880 million in 2022. Last year, the trade between Indonesia and Bangladesh increased by 17.55 per cent.
A reverse trend was seen in fibre exports from Indonesia to China. The exports dipped 21.59 per cent to $69.387 million in 2022 from the shipment of $88.290 million in 2021. The shipment fell to $37.555 million in 2020 from $82.629 million of 2019. It recovered sharply to $88.290 million in 2021 but slipped again in 2022, as per TexPro.
China has its own large production capacity of MM fibre. However, Bangladesh is dependent on supplies from other countries. India is also partially dependent on supplies from abroad, but it is making efforts to create large capacity and planning to discourage foreign supplies.
Fibre2Fashion News Desk (KUL)