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Indonesia’s textile and garment industry confronts several challenges

  

The Indonesian textile and garments industry is facing several serious challenges. COVID-19 crisis has led to loss of 65 per cent textile jobs. Also, there is a structural lack of new investment in the industry in recent years. Despite challenges, Indonesia ranks sixth amongst the world’s biggest textile producing countries as per worldwide textile output in 2019. The Grand View Research report predicts the global textile market to expand at a compound annual growth rate (CAGR) of 4.4 per cent from 2021 to 2028, with growing demand for apparel from the fashion industry and further expansion of e-commerce platforms expected to drive the market over the forecast period.

Prior to the COVID-19, demand for apparels was especially driven by growth in developing countries such as China, India, Mexico, and Bangladesh. The extent to which COVID-19 crisis has disrupted this situation remains unclear.

 
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