Home / Knowledge / News / Indonesian, Malaysian footwear makers join forces
Indonesian, Malaysian footwear makers join forces
18
May '12
In the midst of decreasing orders from European markets, the Indonesian and Malaysian footwear makers have agreed to work together to tap the emerging shoe markets in the two neighbouring countries.

The Malaysian Footwear Manufacturers Association (MFMA) and the Indonesian Footwear Association (Aprisindo) have inked a Memorandum of Understanding (MoU) in this respect.

The MoU would ease information exchange between the shoe industries of the two countries.

Next to the US, China, India and Japan, Indonesia is the sixth largest consumer of footwear across the globe, with a market worth Rp 25 trillion or US$ 2.7 billion, said Eddy Widjanarko Widjanarko, Chairman of Aprisindo.

According to Mr. Widjanarko's estimates, the worth of Malaysian footwear market is around one-fourth that of the Indonesian market. He informed that the Malaysian footwear industry penetrated in the Indonesian space around 25 years back, mainly through women footwear brands.

Presently, around 20 Malaysian brands have their presence in Indonesia, as against only two Indonesian brands – Andre Valentino and Rotelli – having their presence in Malaysia, he said.

Mr. Widjanarko said Indonesia's footwear outsourcing is poor as compared to Malaysia, which gets its footwear prepared in China. He further revealed that Malaysia is now focusing on the high-end footwear retail market of Indonesia, whereas the Indonesian footwear industry retains its focus on bulk production.

The Aprisindo Chairman expects that the MoU would enhance the number of Indonesian footwear brands in Malaysia to 10, as brands like Gino Mariani and Mario Minardi are already eyeing penetration in Malaysian market by the end of current year. He believes it is the right time and opportunity for Indonesia to encourage its brands to enter Malaysian market.

While around 45 percent of Indonesia's footwear exports are towards Europe and 30 percent towards the US, just one percent of the same is shipped to Malaysia, Mr. Widjanarko said.

Looking at diversifying its export markets, next to Malaysia, Aprisindo also plans to sign MoU's with Taiwan, South Korea and China during the current year.

Aprisindo entered into a MoU with the US for footwear trade, around three months back. However, for MFMA it was for the first time that it inked a MoU on cooperating with footwear industry of any other country.

Indonesia last year exported footwear worth US$ 3.3 billion, up 32 percent over its previous year's exports of US$ 2.5 billion. However, in view of ongoing financial crisis in the European countries, Aprisindo eyes a moderate 10 export growth for the current year.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

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

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search