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Indonesian footwear exports to surge in 2011
30 Dec '11
1 min read
Footwear exports from Indonesia are likely to surge by 25 percent year-on-year to US$ 3.1 billion in 2011, the Association of Indonesian Footwear Producers (Asprindo) has said.
However, the figure is less than the earlier set target of US$ 3.2 billion.
Asprindo has revised the figure downwards due to the financial crisis in Europe which has led to a 10-20 percent drop in export orders.
The Association has set the target of US$ 3.4 billion for footwear exports in 2012, a rise of 10 percent over the current year.
During the current year, Indonesia's domestic footwear sales are expected to grow by ten percent to IDR 24 trillion (US$ 2.64 billion) from IDR 22 trillion in 2010.
However, the figure is less than the earlier set target of US$ 3.2 billion.
Asprindo has revised the figure downwards due to the financial crisis in Europe which has led to a 10-20 percent drop in export orders.
The Association has set the target of US$ 3.4 billion for footwear exports in 2012, a rise of 10 percent over the current year.
During the current year, Indonesia's domestic footwear sales are expected to grow by ten percent to IDR 24 trillion (US$ 2.64 billion) from IDR 22 trillion in 2010.
Fibre2fashion News Desk - India
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