The Rapid Development Of Textile And Clothing In Vietnam And Bangladesh Has Caused Enormous Pressure On Indonesian Exports.

In the first quarter of 2017, Indonesia's textile and clothing exports continued to decline, mainly due to the large increase in Indonesian labor costs in recent years, resulting in insufficient competitiveness, coupled with the rapid development of textile and apparel in Vietnam and Bangladesh, which has become a pressure on Indonesia's exports.

At present, Indonesian textile exporters are looking forward to enjoying duty-free access to the EU market.

According to statistics, Indonesia's textile and clothing exports decreased 2.8% in the first quarter compared with the same period last year, and exports increased by 4.1% compared with the same period last year (mainly in US dollars), mainly due to the soaring export unit price.

It is understood that Indonesia's textile and clothing export prices rose 7.2% in the first quarter, of which export prices rose 14% in March.

When the Indonesian shield did not rise against the US dollar, the rising price of Indonesia's textile and clothing exports will weaken the competitiveness of the Indonesian textile and garment industry, especially the export from Indonesia to Europe and the United States.

In the US market, in the past five years

The import volume of clothing increased by only 1%. As Indonesia's main competitor, the amount of clothing imports to Vietnam, China and Bangladesh increased by 72%, 25% and 19% respectively.

Indonesia is the fourth largest supplier in the US market, accounting for 5.4% of imports and 6.4% (in US dollars).

In the European market, imports of clothing from Indonesia in the first quarter decreased by 9.3% compared with the same period last year, while imports fell by 7% (US dollars) over the same period, accounting for 1.3% (imports) and 1.6% (in US dollars).

With the rapid development of Indonesia's economy, Indonesia will have to apply for the right.

The GSP plus preferential treatment, and now Jakarta has begun negotiations with the Brussels free trade agreement, which may provide duty-free access to its clothing exporters in a few years.

In the US market, President Trump's decision to cancel the p Pacific Partnership Agreement (TPP) may affect the clothing exports from Indonesia to the United States. As Indonesia's main competitor, Vietnam will no longer enjoy a preferential tariff free policy.

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

According to statistics, the average price of cotton yarn in India increased by 1 rupees / kg last week.

On the export side, JC30SFOB prices rose 5 cents / kg to 3.10 U.S. dollars / kg; T65/C3530SFOB prices fell 10 cents / kg to 2.75 U.S. dollars / kg.

In the past few months, cotton prices in India have always been at a high level, and with the increase in cotton production in India in the new season, there is still room for reduction in October or November.

According to India's industry forecast, India cotton imports will not exceed 425 thousand tons in 2016/17.

It was expected that tight domestic supply, rising prices and cheap imported cotton would stimulate cotton imports.

However, cotton seeds sold well in India this year, and the early arrival of the monsoon rains, cotton is expected to harvest, and the market has eliminated the worries of El Nino. Therefore, many India spinning enterprises and traders have cancelled orders.

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.