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[The rapid development of textiles in Vietnam and Bangladesh has put huge pressure on Indonesian exports]
Release date:[2017/6/20] Is reading[1045]次

In the first quarter of 2017 Indonesian textile clothing exports continued to slide, is mainly due to the Indonesian labor costs increased substantially in recent years lead to lack of competitiveness, with Vietnam and Bangladesh textile and apparel rapid development at present, formation pressure exports to Indonesia. Indonesian textile exporters are looking forward to enjoying duty-free access to the eu market.

According to statistics, the Indonesian textile clothing exports fell 2.8% year-on-year in the first quarter, exports increased by 4.1% (in dollar terms), mainly due to the export unit price surge. In the first quarter of this year, Indonesian textile clothing exports rose by 7.2%, while export prices in March were up 14% from a year earlier. The absence of rising in the Indonesian rupiah against the dollar, the Indonesian textile clothing export unit price rising will weaken the competitiveness of the textile and garment industry, Indonesia especially affect Indonesia's exports to Europe and the United States market.

Markets in the United States, over the past five years, the United States, Indonesia clothing imports rose by only 1%, in Indonesia's main rival, the United States in Vietnam, China and Bangladesh's garment imports rose by 72%, 25% and 19% respectively. As the fourth-largest supplier to the U.S. market, Indonesia has a market share of 5.4 percent (in terms of imports) and 6.4 percent (in dollar terms).

European markets, in the first quarter of the European Union, Indonesia clothing imports fell 9.3% year on year, falling by 7% (in dollar terms) to import amount, the market share of 1.3% (in terms of imports) and 1.6% (in dollar terms).

With the rapid development of the economy, Indonesia or to apply for the GSP plus discount on the European market, at present already in Jakarta and Brussels fta negotiations, this agreement may be in a few years for the garment exporters provide duty-free channel. In the United States, President trump cancel the trans-pacific partnership (TPP) decision, may affect the Indonesian garment exports to the United States, and as Indonesia's most main competitor, Vietnam also no longer enjoy duty-free favourable policy.

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On June 8-14, cotton prices in India remained firm, cotton prices rose slightly, and yarn export sales were under pressure.

Last week, domestic cotton prices rose by an average of one rupee per kilogram. On the export side, JC30SFOB is up 5 cents/kg to $3.10 / kg. The price of T65 / C3530SFOB is down 10 cents/kg to $2.75 / kg.

In the past few months, India cotton prices remain at high levels, and with the new season of the Indian cotton production increased dramatically, due in October or November before or have cut space.

Indian cotton imports will not exceed 425,000 tonnes in 2016/17, according to the industry. Earlier markets had expected tight domestic supplies, higher prices and lower prices for imported cotton, which would boost cotton imports. But India cotton seed sold well this year, and the monsoon rains arrived early, cotton is expected to harvest, market fears of el nino to eliminate, so many Indian FangQi and traders have cancel the order.

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