ÌÇÐÄvlog´«Ã½

Indonesia Textiles Market Analysis

The Indonesia Textiles Market size is estimated at USD 38.76 billion in 2024, and is expected to reach USD 45.74 billion by 2029, at a CAGR of 2.79% during the forecast period (2024-2029).

• The Indonesian textile industry is rapidly expanding. There are several reasons why Indonesia's textile and garment industry is now attractive to international investors and operators. Unlike many other Asian countries and the rest of the world, the Indonesian labor force is relatively young and growing at a fast pace. In 2023, there were about 5,000 active large and medium textiles and garment companies (SMEs) in the Indonesian market, while about 500,000 active small and micro businesses (SMEs).

• As one of the world’s largest producers of cotton, Indonesia has access to a wide range of raw materials, including wool, silk, and a variety of natural and synthetic fibers, ensuring reliable supply chains.

• The Indonesian textile and garment industry has a long history, dating back to the pre-colonial era, where traditional fabrics such as batik, ikat, and other traditional textiles were prized for their unique designs and craftsmanship. In part, this is because successive governments have long supported the sector for its economic and cultural contribution to the nation.

• As production technology continues to improve, the government of Indonesia has set the goal of making Indonesia 4.0 as a goal for 2030, focusing on technological advancement in five key sectors, including the textile industry. As a result, some operations are transitioning to modern, higher-margin, high-tech fabrics for use in automotive, healthcare, sportswear, etc.

• Indonesia has a population of approximately 273 million people. This means that there is a large local apparel market. As the economy has been improving recently, disposable income has been increasing.

• The growth of e-commerce and the improvement of domestic logistics is also driving local demand. Indonesia's domestic apparel market was estimated to be worth USD 21.7 billion by 2023, with an annual growth rate of 3.5%. Every Indonesian is spending USD 78.14 on clothing this year.

• There has been a worldwide trend toward sustainable and ethical apparel production in recent years. People are becoming more conscious of the environmental and social effects of the clothes they buy. The Indonesian textile and garment industry is taking advantage of this trend by implementing sustainable practices. Investing in organic cotton, environmentally friendly dyeing, and promoting accepted ethical labor practices promote new market trends and attract conscious consumers.

Indonesia Textiles Industry Segmentation

Any substance made of woven threads is a textile. It has numerous uses and many different forms. Textiles are a part of everyone's surroundings or circumstances. Textiles are used in various products, including clothes, furniture, bedding, carpeting, and even automotive parts.

The Indonesian textiles market is segmented by application type (clothing application, industrial/technical application, and household application, by material (cotton, jute, silk, synthetics, and wool), and by process (woven and non-woven). The report offers market size and forecasts in value (USD) for all the above segments.