Indonesia’s textile and textile product (TPT) industry hopes, its export performance will remain high at $12 billion or around Rp. 171.6 trillion throughout 2022. Redma Gita Wirawasta, Secretary General, Indonesian Filament Yarn and Fiber Producers Association (APSyFI), says the projection is based on stable demand from the European and US markets throughout 2021. China is still not fully running due to the energy crisis, so there will be a transfer of orders from European and United States buyers, adds Wirawasta.

However, he said, the increase in production costs is considered to hamper the competitiveness of domestic products in the world market.

Besides Indonesia, the transfer of orders from China was also aimed at Bangladesh and India as one of the largest textile producers in the world.

Meanwhile, the contribution of the textile industry to the gross domestic product (GDP) of the manufacturing sector was 6.08 percent in the third quarter of 2021. Meanwhile, the growth of the textile industry on a quarterly basis also improved to 4.27 percent (q to q) when compared to the previous quarter.

Textile exports in the January-October 2021 period also increased by 19 percent to $10.52 billion, in addition to the investment value which also increased by 12 percent to Rp5.06 trillion.