Home / Knowledge / News / Textiles / API projects Indonesian textile exports to grow 6% in 2013
API projects Indonesian textile exports to grow 6% in 2013
09
Jan '13
Stirred by a likely boost in demand from countries like the US and Japan, Indonesian textile manufacturers see their exports rising by six percent to US$ 13.4 billion during the current year, Indonesian Textile Association (API) has said.
 
Registering a year-on-year fall of six percent, Indonesia’s textile and apparel exports for 2012 stood at US$ 12.6 billion, against 2011’s exports of US$ 13.2 billion. However, backed by good demand, the industry eyes a recovery this year.
 
Exports to the US, Indonesia’s biggest textile export destination, is expected to rise by four percent from last year’s exports of US$ 5 billion, mainly on account of bulk orders from US brand owners, API Chairman Ade Sudrajat said at a media briefing in Jakarta.
 
During the initial 10 months of 2012, Indonesia’s textile exports to the US dipped three percent from 2011’s corresponding period to US$ 4.4 billion. However, Indonesia’s exports to the US got a boost thereafter owing to the zero-duty benefit extended by the US to developing countries like Indonesia as a part of the generalized system of preferences (GSP).
 
API also foresees a considerable rise in orders from Japan, as Indonesia has already tapped a 70 percent rise in its textile exports to that country post implementation of the Indonesia-Japan Economic Partnership Agreement in 2008, the API chief said.
 
Indonesia’s textile exports to Japan for first 11 months of 2012 grew by 16.3 percent to ¥91.9 billion or US$1.05 billion.
 
In spite of all the positivity, Indonesian textile makers do not expect much growth in domestic market as they continue to face fierce competition from imported goods.
 
Over the past few years, there has been a major rise in Indonesia’s textile imports from China, Mr. Sudrajat said.
 
China’s textile exports to Indonesia rose by almost 82.3 percent to US$ 4.45 billion during 2007-2011, while its garment exports surged by 34.4 percent to US$ 350,000 during the period, he said.
 
The association also expects the prices of a wide range of textile and textile goods to rise by 10.3-16.7 percent, as most of the textile firms in the country are concentrated in the areas like Banten and West Java, which have been hit by sharp rise in minimum wages and also by 15 percent hike in energy tariffs.
 

Fibre2fashion News Desk - India


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Ashok Desai
Bombay Textile Research Association

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search