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Analysis of Indonesian Textile Machinery Market Share

Posted: 05/20/2014 04:05:59 Edited: 06/15/2014 10:06:26Clicks: 5998

Asian machineries in Indonesia are far more competitive than European machineries. The main reason is relatively lower prices, which conform to the Indonesian short-term recovery of investment philosophy. In addition, the improvement of maintenance and sufficient spare parts support take advantage of European machineries.
 
The major source of imported textile garment machine of Indonesian comes from Japan, China, Germany, Taiwan, South Korea, India, Switzerland and Italy, among which Japanese machinery manufacturers providing the most preferential payment terms, while China machinery wins by prices. China and Japan occupy over 40% of Indonesian textile machinery market share.
 
Textile has become the largest export industry in Indonesia. Due to the importance of textile garment industry for Indonesian economy, the Indonesian government grants funds each year to encourage this industry to update old mechanical equipment. Indonesian textile clothing mainly exported to Europe and the United States, and the market sentiment has begun to improve. Therefore, textile machinery in Indonesia remains great sales potential.