Home / Knowledge / News / Textiles / 'Demand for Indonesian textiles & garments still high' - Mr Ismi
'Demand for Indonesian textiles & garments still high' - Mr Ismi
14
Oct '08
Indonesia has a very promising textiles and garment industry. Though the growth rate is a little bit less compared to double digit growth rates achieved by its Asian counterparts like Vietnam, Bangladesh and India, it is slowly inching up its exports bit by bit.

But since the last few months, the economic turmoil in the US has brought crashing down projected growth rates of a lot of countries with respect to the textile and garment sector. China is one among the biggest exporters to have bore the full brunt of the financial crisis.

Fibre2fashion spoke to the Secretary Executive of the Indonesia Textile Association, Mr EG Ismy who displayed a positive characteristic quite opposite to his Asian counterpart associations. Mr. Ismy said “Demand for Indonesian textiles and garments are still high, due to which there has been no major reduction in production.”

He added “The need of the hour is to enhance the potential market size of South East Asia which accounts for only 7 percent of worldwide share while US accounts for 36 percent.”

Commenting on the crisis he said “The main problems have arisen due to liquidity in the banking and financial sector, rising interest and exchange rates.”

Indonesia is counted among the top five apparel exporting countries to the US.

Indonesia exported textiles worth US $5.11 billion in the first six months compared to $4.83 billion in the same period of 2007 to post a gain of 5.87 percent while it shipped apparel amounting to $3.08 billion and $2.89 billion in the same periods of 2008 and 2007 respectively to record a growth rate of 6.48 percent.

Despite the positive and optimistic outlook of Mr. Ismi, it is the next few months and the beginning of the main buying season that will give the correct picture.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Lynda Kelly
Suominen Corporation

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Jay Ramrakhiani
Occasions Elegance Wear

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search