Home / Knowledge / News / Indonesian footwear exports may see modest growth in 2012
Indonesian footwear exports may see modest growth in 2012
23
Nov '11
The exports of footwear form Indonesia is likely to witness a modest growth in 2012 owing to the increased labour costs and the unfavourable global economic conditions.

Indonesian footwear exports may grow at 10 percent next year from the estimated shipments worth US$ 3.2 billion in 2011, which would be an increase of 27.94 percent year-on-year, according to an expert.

Indonesia exported footwear worth US$ 2.6 billion during this year until October, as per Indonesian Footwear Producers Association (Aprisindo) data.

The anticipated ten percent growth in footwear exports would be good considering the ongoing debt crisis in Europe. Even after achieving US$ 3.2 billion in export value, Indonesia will still account for less than 2 percent share in the world market.

Eleven footwear manufacturers from various countries including Australia, China, Italy, the Netherlands, South Korea, Taiwan and Vietnam have invested in Indonesia during the first half of 2011. This is likely to lead to higher production and may result in an increase in exports.

The current optimism of modest growth is due to the commitment of global brands like Adidas and Nike to continue to place their purchase orders with Indonesian manufacturers.

Footwear is a major item of Indonesian exports to the European Union and the United States. In 2010, about 42 percent of the country's footwear exports were destined to the EU, while 22.6 percent were towards the US.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: AWI

Textiles | On 20th Jan 2017

Australian wool EMI at highest ever level in Au$ terms

The Eastern Market Indicator (EMI) managed to forge ahead by a...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Apparel/Garments | On 20th Jan 2017

Fashion etailer Fynd to offer Yepme product offerings

Online fashion retailer Fynd has signed a partnership with Yepme,...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search