SRIL and PBRX Issue Global Bond
Textile Stakeholders Request Strengthening Industrial Integration
Parliament Asks to Control Illegal Importation of Textiles
IKATSI Reveals Details of Import Violations
MOI Optimizes Sustainable Resources For Industrial Production
Britain Will Ban Imports From China
RPP on Industry and Trade is Less Favorable to Local
Textile Industry Optimistic Could Recover This Year
Trade Surplus, Textiles Industry Still in the Red Zone
APR Encourages Supply Chains as the Focus of the Road Map
Pakistan's Exports to Indonesia Supported by Textile Products
ARGO Optimistic Will Improve Performance in 2021
APSyFI : PLB Threatens to Eliminate US $ 8.3 Million Yarn Exports
Stake Holder : Textile Industry Needs Fundamental Changes
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- Written by Editor
The export performance of yarn and fiber products this year is not expected to experience significant improvement. It is said that anti-dumping policies in a number of export destination countries will still be the main cause. In the Ministry of Trade's report entitled Indonesian Trade Outlook 2021, it is illustrated that the export performance for yarn and fiber has decreased by 30.48 percent annually in 2020.
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- Written by Editor
The textile and textile products (TPT) industry began to expand after slumping repeatedly due to the flood of imported products up to the pandemic crisis that did not suppress production performance. Chairman of the Indonesian Textile Association (API) Jemmy Kartiwa Sastraatmaja said the real performance data in 2020 had not yet been released, but in an internal survey of API members in the fourth quarter of 2020, utilization had shown a good increase. Meanwhile before Covid-19 was suppressed, the average utilization of the textile industry was only around 20 percent.
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- Written by Editor
The manufacturing Purchasing Managers' Index (PMI) figure for January 2021 reached 52.2. This increase indicates that the industry is returning to an expansionary phase and demand is starting to recover, although it is limited. The Indonesian PMI Index, released by the IHS Markit, shows the highest value in the last 6.5 years. In December 2020, the PMI index was 51.3.
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