According to the Indonesian Footwear Association (Aprisindo), the country's footwear exports may fall by about between 35% to 40% in 2023 to 4.64 billion euros, as compared to the previous year
The footwear industry fears a raw materials’ crisis due to the ongoing energy crisis in China, which is causing a delay in deliveries. The sector remains very dependent on Chinese products
China is the unquestionable leader in footwear production, having achieved a share in the world total of 54.3% in 2020. This translated into more than 11 billion pairs produced by China last year. However, in a decade, the share of China in global footwear production was down by 13%, corresponding to more than 8 percentage points lost and going down from a 62.4% share in 2010
According to Aprisindo, the Indonesian Footwear Association, the country's footwear industry has recorded a good performance in 2020, with exports experiencing an annual growth of 8.97%
According to Abicalçados, the Brazilian Footwear Industries Association (Abicalçados), anti-dumping is high on the agenda for 2021, with the renewal of the existing duty over Chinese products, and its expansion to Vietnam and Indonesia
The Regional Comprehensive Economic Partnership was signed by China, Japan, South Korea, New Zealand and Australia, plus ten Southeast Asian economies, Indonesia, Thailand, Singapore, Malaysia, the Philippines, Vietnam, Burma, Cambodia, Laos and Brunei
According to the Indonesia-Investments.com economic growth in the third quarter was in line with expectations, but there is need for structural reforms to ensure growth accelerates
The Indonesia Footwear Creative Competition (IFCC) is an initiative by the Indonesian Footwear Industry Development Center (BPIPI). The IFCC aims to set itself as a benchmark creative event in the field of footwear
At least this is the belief of the local Industry Minister Airlangga Hartarto, who is optimistic about the performance of Indonesia's footwear exports in the coming years
The country’s footwear production reached 1.185 billion pairs in 2016, making Indonesia the 4th largest manufacturer. Now, authorities are focused on moving the country's production capability to the big three
Growth of Indonesian footwear exports is expected to remain below 10% year-on-year in 2018. At least this is the believe of Sigit Murwito, Executive Director of the Indonesian Footwear Association (Aprisindo)
Ngakan Timur Antara, Head of the local Agency for Industrial Research and Development, said it is important for the country’s footwear industry to improve several attributes in order to claim a bigger share of the global footwear market
According to the Indonesia Investments Agency players in the country are concerned with the sharp growth of footwear imports. The growth rate of footwear imports is outpacing the growth of exports
At least that is the belief of APRISINDO, the Indonesian Footwear Association, which is forecasting footwear exports growth to be in the region of 5% to 10% in 2017