Amidst Layoff Threats, Footwear Industry Exports Strengthen Through Q3 2022

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Adi Ahdiat 22/12/2022 13:20 WIB

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Indonesia's leather and footwear industry export performance strengthened until the third quarter of 2022. However, Apindo (Indonesian Employers Association) anticipates mass layoffs in this sector ne

Annual Percentage Change in Volume and Value of Indonesian Leather and Footwear Industry Exports (January-September 2022)

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Amidst Layoff Threats, Footwear Industry Exports Strengthen Through Q3 2022

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Annual Percentage Change in Volume and Value of Indonesian Leather and Footwear Industry Exports (January-September 2022)

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The Indonesian Employers Association (Apindo) stated that the textile, footwear, and furniture industries will conduct mass layoffs (PHK) in 2023 due to declining demand.

"Layoffs are certain to happen next year, it's not a matter of 'will' anymore," said Apindo Deputy Chairwoman Shinta Widjaja Kamdani, as reported by *Katadata*, Wednesday (21/12/2022).

However, according to data from the Central Statistics Agency (BPS) until the end of the third quarter of this year, the export volume of the leather, leather goods, and footwear industry strengthened significantly.

During the January-September 2022 period, export volume reached 337,480 tons, up 34.28% compared to January-September last year (year-on-year/yoy).

Here's a breakdown of the export volume of Indonesia's leather, leather goods, and footwear industry by commodity group during January-September 2022, along with their year-on-year percentage changes:

* Leather/Artificial Leather Goods for Personal Use: 51,611 tons, up 55.10% (yoy)
* Sports Shoes: 212,771 tons, up 36.97% (yoy)
* Tanned Leather: 3,563 tons, up 1.78% (yoy)
* Field/Industrial Technical Shoes: 36,020 tons, up 18.62% (yoy)
* Everyday Footwear: 33,516 tons, up 16.25% (yoy)

Not only volume, but during the January-September 2022 period, the export value of this industry also increased by 36.33% (yoy) to US$6.88 billion.

Here's a breakdown of the export value of Indonesia's leather, leather goods, and footwear industry by commodity group during January-September 2022, along with their year-on-year percentage changes:

* Leather/Artificial Leather Goods for Personal Use: US$852,437,300, up 46.69% (yoy)
* Sports Shoes: US$4,531,202,100, up 39.99% (yoy)
* Tanned Leather: US$79,784,400, up 32.00% (yoy)
* Field/Industrial Technical Shoes: US$760,080,700, up 21.27% (yoy)
* Everyday Footwear: US$654,390,400, up 21.20% (yoy)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."