TIME.CO, Jakarta – Indonesian Textile Association (API) President Jemmy Kartiwa Sastraatmadja said the threat recession The global warming that would have occurred in 2023 has now been felt by the operators in the textile sector. You mentioned product exports textile it is now delayed until a decline occurs.
“Export the current product that was perceived decreased by 30 percent, “he said when he was contacted Time Thursday 27 October 2022.
Jemmy estimates the decline in textile commodity exports will be worse next year. Europe and the United States, he said, were the export destinations that suffered the greatest decline in purchasing power.
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The global recession has affected not only Indonesia, as other major textile producing countries such as China, Bangladesh, Vietnam and India have also been affected. Furthermore, the weakening of purchasing power in Europe and the United States has triggered an increase in imports of textile products to Indonesia from these countries. So there is a strong competitiveness in the country.
“Try to flood their products here because Indonesia is a country with the fourth largest population and inflation is not as severe as in other countries,” Jemmy said.
He considered the situation very worrying for the national textile industry. On the one hand, he said, export demand has decreased, but on the other the domestic market has been flooded with imported products. The disturbance caused a sharp decline in the use of the textile industry. Consequently, there is a reduction in the working hours of employees which ultimately leads to the termination of the employment relationship or the redundancy fund.
Jemmy also hopes that Indonesia can maintain the domestic market to revive the country’s textile industry. “The protection of the internal market is urgent,” he said.
