Textile and apparel exports increase in
value in 2011
Indonesian textile and apparel
exports rose in value, but fell marginally in volume in 2011,
when compared with 2010. Exports from the sector rose 19.68% to
US $12.1 billion, but fell slightly by 1.5% in volume terms.
Textile and garment exports however fell short of the target of
$13.1 billion set by the Indonesian Textile Association (API).
API Chairman Ade Sudrajat said, there were significant
cancellations of orders in the last quarter of 2011. Secondly,
there was a slowdown in demand from traditional markets of the
European Union and the US. They foresee the dreary situation to
continue in 2012 too, due to which, they have reduced the target
from $13.7 billion to $13 billion for the current year.