Sabtu, 18 Februari 2012

Indonesia lowers its textile and garment export target to US$13 billion

Indonesia has recently adjusted its target for textile and garment export for 2012 to US$13 billion from previously set US$13.7 billion. This was due to the country's failure to meet its export target in 2011, according to report by Indonesian news media. 

Statistics reveal that Indonesia's textile and garment export amounted to US$12.1 billion last year, up by 20% compared with 2010. However, it fell short of its target of US$13.1 billion.

As reported, the Indonesian Textile Association (API) notes that due to the continuous growth in Indonesian domestic market's textile and apparel consumption, the share of country's domestic market may be able to increase from 40% to 50% of the respective total.

According to the report, API says the current productivity utilization rate of Indonesian's textile industry is 70%, and if sufficient infrastructure facilities are provided with no suspension of electricity supply, the industry's productivity utilization rate may be able to go up to 90%. [Adsale ATA]