Home / Knowledge / News / Textiles / API predicts growth in 2009 amid global economic downturn
API predicts growth in 2009 amid global economic downturn
18
Nov '08
Association of Indonesian Textile Producers (API) recently forecasted that textile exports turnover of the country in 2009 will maintain its growth regardless of global economic downturn. Focusing on new export markets will help them gain such success.

At a recently held seminar, Mr Benny Soetrisno, Chairman of API predicted that its exports would enjoy an annual growth of 2.6 percent in 2009 with shipments of around 2.06 million tons of products.

Explaining reason for such forecast, Mr Soetrisno said that textile exports would suffer decline at its three traditional and biggest markets the US, EU and Japan. However, observing the demand structure in countries like Cambodia, Laos, Hong Kong, Taiwan Myanmar, Thailand, Malaysia, and the Philippines, it is expected that export will see a sharp rise.

Besides, the API and local Government are seeking solutions to exploit the Indonesian local market which saw a significant growth from 888,000 tons in 2001 to 1.22 million tons in 2007.

In the current fiscal, the textile industry of Indonesia has set a target to produce 2.01 million tons of products, up by 7.45 percent compared to the total volume in 2007.

Fibre2fashion News Desk - Vietnam

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

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Silke Brand-Kirsch
Schlegel und Partner

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward
Tony Ward

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

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