Home / Knowledge / News / Textiles / Indonesian textile export growth declines in Q1
Indonesian textile export growth declines in Q1
16
Apr '12
In spite of a positive year-on-year growth, Indonesia's textile and garment exports for the first quarter of the current year were affected due to sluggish demand from the European Union (EU), one of the leading importers of Indonesian textiles and clothing items.

With a 5 percent growth rate, textile and apparel exports for January-March period grew to US$ 3.5 billion, considerably below the double digit growth rate achieved during the same period last year, according to Indonesian Textile Association (API) Chairman Ade Sudrajat.

Speaking on the occasion of 10th Indonesia International Textile and Garment Machinery and Accessories Exhibition, Mr. Sudrajat said in spite of a fall in demand from EU countries, demand from the US and Japan helped the sector to post positive growth, and perform better than other textile producing countries like Turkey and North African nations that greatly rely on exports to Europe.

According to API's trade statistics, the EU and the US respectively account for over 10 percent and 40 percent of Indonesia's overall textile and garment exports, while Japan accounts for a 5 percent share.

As per the API's earlier projections, Indonesia's overall textile and clothing item export earnings are expected to grow by just 5 percent to US$ 13.97 during the current year, significantly lower than the 2011's growth rate of 18.2 percent.

According to Mr. Sudrajat, during the second quarter of the current year also, Indonesia's textile and garment exports are expected to grow at a rate of around five percent year-on-year.

Textile and clothing item imports from Indonesia are expected to have grown at a year-on-year rate of around 2-3 percent to US$ 2.6 billion to US$ 2.7 billion, during the first quarter of the current year, Mr. Sudrajat said.

He projected the country's overall textile and apparel imports for the current year to touch US$ 9.5 billion, up from last year's overall imports of US$ 9 billion.

Around 70 percent of Indonesia's overall textile imports in 2011 were from China, followed by South Korea and Thailand.

Fibre2fashion News Desk - India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Harsh Shah

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

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin
Chapurin

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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