;
Home / Knowledge / News / Textiles / Textile industry finds it tough to achieve export goals
Textile industry finds it tough to achieve export goals
16
Sep '08
Like various nations across globe struggling to meet their export targets, Indonesia too, is finding it difficult to achieve its goal of earning US $11 billion through exports of textile and textile products this year. The global economic slowdown, increased price of raw material and lack of demand from overseas buyers are some of the reasons for declining exports of the country.

During the first six months of this year the export earnings of the nation reached around $5.2 billion, showcasing a slight increase of 6 percent compared to last year's hike of 8.9 percent during the same period.

Industry insiders believe that the demand for various textile and textile products usually boosts in the second half of the year, and the same trend is anticipated this time also and that may help Indonesia touch the set export target.

The entrepreneurs have observed a boost in demand from US as the Chinese textile industry was experiencing an upheavel due to RMB appreciation, increased cost of raw materials and rise in wages of labourers. All this lead to hike in the rates of finished products, making them expensive when compared to other neighboring countries.

However, the exporters fear that due to the recession in the US market the demand of textile and textile products may remain dull, which will directly hamper the overseas earnings of the nation, making it tough for entrepreneurs to attain set goals.



Must ReadView All

India should consider 100% FDI in multi-brand retail: CII

Apparel/Garments | On 17th Dec 2018

India should consider 100% FDI in multi-brand retail: CII

The Indian Government should consider permitting 100 per cent foreign ...

Texhong Textile acquires Winnitex for HK$1350 mn

Textiles | On 17th Dec 2018

Texhong Textile acquires Winnitex for HK$1350 mn

Texhong Textile Group, one of world’s largest core spun yarn...

Courtesy: Donear

Textiles | On 17th Dec 2018

Grado to launch cotton fabrics collection next year

Grado by the house of OCM and GBTL-Grasim, owned by Donear Group,...

Interviews View All

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Yashiki Gumber, Sahiba Fabrics

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Shyam Gupta & Ravi Gupta,

Shyam Gupta & Ravi Gupta

Based out of South Delhi, Gargee Designer's provides bespoke formal and...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Riddhi Jain,

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Igor Chapurin, Chapurin

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

Leave your Comments


December 2018

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

news category


Related Categories:

Advanced Search