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APSyFI: The national textile industry is headed for a trade deficit, 2018 exports grow 1% and imports grow 14% (yoy).--IKATSI: The growth of the national textile industry is still hampered by floods of imports, Indonesia needs a clothing security law.


	
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Home arrow Latest News arrow APSyFI: New Imported Products Will Run Out End of Quarter I / 2020


				
			
			
APSyFI: New Imported Products Will Run Out End of Quarter I / 2020 PDF Print E-mail
Written by Maizer   
Monday, 03 February 2020

The Association of Filament Yarn and Filament Producers (APSyFI) stated that the low uptake of textile upstream industrial products and textile products continued until early 2020. The association recorded low uptake TPT product uptake since the beginning of semester II / 2019 due to the high flow of product imports between TPT into the country.

 

This is in line with the Indonesian Purchasing Manager's Index (PMI) which has remained below the level of 50.0 for the past 7 months. Meanwhile, the January PMI was again pressured to the level of 49.3 from the previous month's position at 49.5.

 

"In December [2019], according to our source, we had entered [TPT raw material supply for 2 - 3 months [going forward]. Once the flow of goods was cut, stock in [industrial] warehouses was already large," said APSyFI Executive Member Prama Yudha Amdan.

 

Prama added the sluggishness of the national textile industry was also evident from the slowing of the annual production process. Prama said that the factory production process was delayed for around 1-2 weeks earlier this year.

 

In addition, he continued, manufacturers in early 2020 only called permanent employees and postponed contract employee calls. Prama assesses that this is due to the full supply of TPT goods in industrial warehouses because there are still leftover imported products on the market.

 

On the other hand, Prama explained that the majority of TPT manufacturers in the last 7 months withheld investment because they were still waiting for regulatory certainty from the government to block imports. According to him, the manufacturer only disbursed funds for ordinary operations and did not add to the massive production capacity.

 

Plague Opportunity

 

Prama assessed that the outbreak of the corona virus outbreak in Wuhan district, China could become an opportunity for national TPT manufacturers. The reason is, Wuhan is one of China's manufacturing districts. In other words, the supply of textile products from China will slow down.

 

"In the last 30 years, this is the first time Toyota has shutdown its production there. Because their supply of TPT has stopped, it is likely that there will be opportunities for non-China countries to work on their markets again," he explained.

 

In addition, he continued, the outbreak of the corona virus coincided with the month of Chinese New Year celebrations. As is known, China reduced its production capacity for one month during Chinese New Year.

 

Therefore, Prama predicts that the national TPT industry will get the blessing of Ramadan, considering the supply of raw materials on the market will be replaced with local raw materials at the beginning of the second quarter / 2020.

 

 On the other hand, Prama assessed that the focus of current government regulations has been designed to support industrialization. According to him, the condition of the national textile industry will improve as long as the government is consistent in implementing the regulation.

 

"If excise plays or importers play, that's a different story. But, if we see it has improved," he said.

 

 
		
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