Indonesian textile industry attention to the ASEAN marke

Font size:

jihsinco 01 March, 2009 08:58:00

Province of West Java, Indonesia Textile Association Ade Sudrajat in the (2009) February 2 years told reporters that, in view of the United States and the European Union, the purchasing power of the traditional export markets continued to decline, forcing the Indonesian textile market, the goal will be transferred to the previously neglected East ASEAN market, ASEAN has 6 billion people and our neighbors have the geographical advantage in exports of textiles, West Java, amounting to 10 billion U.S. dollars, one of the largest United States market for 3.5 billion U.S. dollars, accounting for 35 percent of EU exports of 19 100 million U.S. dollars, accounting for 19% of times, other markets in the Middle East and Japan to the ASEAN market is only 7%. On the contrary, has a population of 600 million ASEAN market, while only 7% of the share, is too low, there is huge room for development.

Of the financial tsunami sweeping the globe, the impact of the Indonesian textile exports, in 2009 export forecast to drop at least 10%, the face of this market trend, so that textile industry in order to survive and have to be the development of emerging markets, will have a huge consumer population in neighboring ASEAN countries regarded as the first choice for the development of the ASEAN market, the Indonesian textile industry is working with the same inscription are spinning production ASEAN countries Vietnam and Myanmar to strengthen cooperation, integration, product quality, co-developed ASEAN markets.

In contrast to the increasing weakness of the export market, the textile industry to invest in Indonesia is still active, Indonesia Investment Coordinating Committee of West Java Branch Director of the Office Iwa Karniwa that the branch in 2008 approved a total of 32,454,000 U.S. dollars of investment, one of 1,381,800 U.S. dollars investment for the textile industry.