Home / Knowledge / News / Textiles / Indonesian textile exporters hit by plummeting demand
Indonesian textile exporters hit by plummeting demand
12
Oct '11
Several textile production firms in Indonesia are continuously bearing the heat of the global financial crisis, with a number of industries witnessing a fall in export orders.

The Indonesian Textile Association (API) has stated that domestic firms are experiencing a fall in export orders since early September from two of their leading import markets namely, the Europe and the United States. API expects the trend to continue in coming months.

Europe and the US respectively account for 18 and 36 percent of Indonesia's overall textile exports.

Driven by apprehensions of fall in consumer demand, several retailers in Indonesia's export markets have slashed their orders, following which API was required to revise its export growth target for the current year from 24 percent to 20 percent. The association aims to reach US$ 12.2 billion in revenues for the current year.

The Association claims that plummeting demand may compel domestic textile producers to resort to the practice of curtailing production, as a short-term strategy.

Exports of textiles and footwear, the two key production items of Indonesia that majorly contribute to the country's non-oil and gas exports, hiked to US$ 107.37 billion during January-August 2011.

With a rise of 16.4 percent, the country exported textile items worth US$ 7.4 billion during January-August this year, up from last year's corresponding period's export of US$ 6.4 billion.

According to the Indonesian Chamber of Commerce and Industry (Kadin), it may take long to diversify the export markets, but the local industry players may need to act swiftly and first tap the domestic markets.

It said the local industry needs to optimize non-trade barriers like utilising anti-dumping and protective duties and the Indonesian National Standards (SNI) to safeguard the domestic markets against invasion of sub-standard imported goods.

Fibre2fashion News Desk - India


Must ReadView All

Egypt’s textile exports increase 3% in 10 months: TEC

Textiles | On 21st Nov 2017

Egypt’s textile exports increase 3% in 10 months: TEC

Exports by Egypt’s Textile Export Council (TEC) between January and...

UKFT turns sector skills body for UK fashion, textile sector

Textiles | On 21st Nov 2017

UKFT turns sector skills body for UK fashion, textile sector

The UK Fashion & Textile Association (UKFT) recently announced at a...

Pakistan’s textile exports up 7.72% in July-Oct ’17

Textiles | On 21st Nov 2017

Pakistan’s textile exports up 7.72% in July-Oct ’17

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Amardeep Singh
Orient Craft

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

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

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...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

November 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
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

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
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

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
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

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
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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