Industry

Indonesian Textile & Garment Industry Grows 2.64% In Q1

Textile Insights May 25, 2024

The Indonesian Ministry of Industry reported that the textile and apparel industry experienced a growth of 2.64 percent year on year in the first quarter of 2024, after facing huge stress in the previous year. Textile and garment exports also grew marginally by 0.19 percent from a year ago

Industry

Depreciating Currency Adds To Woes Of Indonesian Textile Sector

Textile Insights April 26, 2024

To add to already existing woes of the Indonesian textile industry, the Indonesian currency Rupiah (IDR) is depreciating constantly against the US dollar. According to Refinitiv data, the IDR was quoted at 16,187 against one US dollar on April 26, 2024 as against IDR 14,929 per dollar on April 26, 2023, down by 8.42 percent […]

Industry

Indonesian Textile & Clothing Sector On Path To Recovery

Textile Insights April 5, 2024

The Indonesian Fiber and Filament Yarn Producers Association (APSyFI) assessed that the textile and apparel industry is on the path of a recovery trend, although it is not yet significant. APSyFI Chairman Redma Gita Wirawasta said that this has happened after the publication of a regulation which took effect from March 10 and which regulates […]

Industry

Indonesian Trade Minister Refutes Claim Of Continuing Slump

Textile Insights April 1, 2024

The Indonesian Minister of Industry Agus Gumiwang stated that the textile industry in Indonesia is not experiencing a decline as previously reported. “Even though there are reports of plans of massive layoffs, the textile industry and related sectors are currently experiencing increased activity,” he said while addressing reporters. “I am in receipt of a report […]

Industry

Trend Of Layoffs Continue In Indonesian Textile Sector

Textile Insights December 29, 2023

The trend of layoffs is continuing in the Indonesian textile and garment sector which started since the beginning of this year. According to the Confederation of Indonesian Workers’ Unions (KSPN) more than 7,000 workers have been laid off since the beginning of 2023 in both the textile and apparel industries. KSPN President Ristadi pointed out […]