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

Indonesian Textile & Apparel Sector Witnesses Growth In April

Textile Insights May 10, 2024

The Indonesian textile industry has shown encouraging growth in April 2024, overcoming the challenges like unprecedented hike in imported textiles and a decline in domestic demand some time ago. This was conveyed in the latest release of the Industrial Confidence Index (IKI) by the Ministry of Industry. Spokesperson for the Ministry of Industry, Febri Hendri […]

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

Investments To Contract In Indonesian Textile Industry

Textile Insights December 28, 2023

The Indonesian Textile Association (API) anticipates investments in the textile industry to contract in 2024, on expectations of the economic slowdown continuing in its key export markets. According to Jemmy Kartiwa Sastraatmaja, Chairman of API, the worldwide economy is not in good shape and is forecast to weaken, while at the same time, interest rates […]