Indonesian Industry Ministry, Saleh Husin is encouraging its textile industries order to develop or diversify products for fashion needs. In a press release on Saturday, Industry Minister said that diversification is a strategic move because of the current development of the market demand for raw material for fashion products is relatively high.
Unfortunately, he added that most of the raw materials are imported.
Also the development of the textile industry and textile products (TPT) in the last two years have been stagnant, both in domestic and international markets and this is the result of a slowing world economy.
It said that the step for diversification is considered important in line with the development fashion industries and design creations by designers.
The textile and garment industry of Indonesia is an important contributor to Indonesiaâ€™s economy, serving as a large source for jobs and export earnings. The Indonesian government is hopeful that Indonesia's export share in the world market will increase from 1.8 percent currently to 4 or 5 percent in the next 10 years.
A report that is issued every week covers price statistics and objective analysis of the market trends on various textile value chains
A crisp report that is issued every month covers analysis of the price and market trends on various textile value chains
A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
One-time reports that are issued annually cover the demand and supply trends in the individual country's natural and manmade fiber/filament industries.
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