The domestic market is considered an alternative for the national textile and textile product (TPT) industry players to sell their products amidst high inflation in the United States and several other European Union countries. Chairman of the Indonesian Filament Yarn and Fiber Association (APSyFI) Redma Gita Wirawasta assessed that strengthening the position of local products in the domestic market could have a number of positive effects. "This will increase utilization to encourage investment so that it can secure employment in the textile sector," said Redma, Thursday (14/7/2022).

In addition, it is necessary to strengthen the domestic market considering that inflation in the United States and other European Union countries has the potential to reduce export demand in semester II/2022.

Not only did it stop at the decline in export market demand, Redma said inflation and several other accompanying problems such as the weakening of the rupiah exchange rate and rising raw material prices tightened global competition.

"Especially the competition with other producing countries, such as Bangladesh, Vietnam, India, Turkey, especially China, which is getting fiercer," said Redma, Thursday (14/7/2022).

Regarding raw materials, inflation affects crude oil prices because polyester is a derivative of NAFTA, PX, PTA and MEG which has increased.

In addition, rayon which uses sulfuric acid as raw material is a derivative of crude oil, so it does not avoid price increases. Furthermore, said Redma, the price of cotton is currently also up to 100 percent from the normal price because it is triggered by crude oil.

For information, the United States experienced the highest inflation in the last 41 years at 9.1 percent. This is considered to have the potential to slow down the recovery process of the Indonesian manufacturing industry in the second semester of 2022.