Indonesia Home Textile Market Analysis
The Indonesia Home Textile Market is expected to register a CAGR of greater than 4% during the forecast period.
Before the pandemic, everyone who worked in the textile industry made different kinds of clothes. In Indonesia, one of the biggest ways the government makes money is through the textile industry. However, during the pandemic, the textile industry decreased its production.
With the start of COVID-19, the textile manufacturing industry's income dropped from USD 19.88 billion in 2019 to USD 18.37 billion in 2020. This is a decrease of about 12% which happened because the production of industries went down and closing down of some industries and markets for a while. Aside from this share of textile and clothing manufacturing in GDP, Indonesia's GDP fell steadily, from USD 13 billion in 2019 to USD 11 Billion in 2021.
Indonesia's exports of textiles and clothing are growing a little bit faster than the country's GDP, but the overall trend is still down. Despite ongoing challenges, Indonesia does rank among the world's biggest textile-producing countries. Based on the worldwide textile output in 2021. There has been a consistent increase in exports of home textiles from Indonesia.
Home textiles are seen as having good prospects in Indonesia, especially with the number of urban households. There was also an increase in average gross income in 2021, allowing consumers to spend more on home textiles. After two years of problems caused by pandemics that destroyed the textile industry, the future looks good for Indonesia's textile makers. With the return of growth in the sector, it now faces a complex mix of factors.
Indonesia Home Textile Market Trends
Growing Urbanization is Driving the Market
Rapid urbanization and industrialization have led to an increase in the population's disposable income and a higher standard of living.These are some factors projected to support the revenue growth of the Indonesian home textile market. With the increasing availability of premium products with numerous functional benefits, the market is gaining strong traction among consumers.
Indonesia's home textile market is anticipated to grow at an increased rate due to the growing fashion sensitivity of urban consumers towards home furnishings, the growing demand for digitally printed home textiles, and rapidly mounting fashion trends in home textiles.
Rising Demand for Bed Linen and Bed Spread Segment
Bed linen includes bedspreads, blankets, mattresses, mattress covers, pillows, duvets, duvet covers, and bed covers, among others. It also includes bathrobes, bath towels, and bath mats, among others. Bed linen accounted for the highest market share. This dominance is primarily due to the increasing consumer preference for quality over brands. This has encouraged manufacturers to offer new and improved quality products with attractive designs.
Indonesia Home Textile Industry Overview
The report covers major international players operating in the Indonesian home textile market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, midsize to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Players inlcuding Sinar Group, PT Indah Jaya Textile Industry, PT Tyfountex Indonesia, Ateja, and Dunlopillo, among others have been profiled in the report.
Indonesia Home Textile Market Leaders
Sinar Group
PT Indah Jaya Textile Industry
PT Tyfountex Indonesia
Ateja
Dunlopillo
- *Disclaimer: Major Players sorted in no particular order
Indonesia Home Textile Market News
- November 2023: The Indonesian Government has initiated an investigation into import of textile products to safeguard the domestic industry against foreign shipments.
- September 2022: Project partners of CLIENT II project EnaTex in Indonesia, which aimed to accompany the Indonesian textile industry on its way to sustainable production, focusing on energy efficiency and renewable energies, visited the partner companies PT SriTex Group and PT Haraüpan Kurnia from Indonesia and Germany. The focus of the visits was on data collection and policy development in the areas of energy efficiency and renewable energies.
- April 2022: Indonesian textile tech platform Wifkain raised a seed round led by Insignia Ventures partners after building Indonesia's first tech-enabled textile trading platform. Wifkain was founded in 2020 by former banker and fashion entrepreneur Sara Sofyan. Insignia Ventures' seed investment in Wifkain signifies an ongoing trend in the rise of industry-focused platforms seeking to digitize entire value chains.
