Indonesia's Textile Industry's Added Value Shrinks

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Adi Ahdiat 09/07/2024 16:24 WIB

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According to data from the Central Bureau of Statistics, Indonesia's textile industry's value added shrank during the 2018-2022 period.

Indonesia's Textile Industry Added Value (2018-2022)

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Indonesia's Textile Industry Added Value (2018-2022)

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According to data from the Central Statistics Agency (BPS), the added value of Indonesia's national textile industry has shrunk in recent years.

Added value is the difference between the value of goods produced (output) and their production costs (input).

In 2018, medium and large-scale textile industries in Indonesia generated an added value of Rp130.42 trillion.

However, since the 2020 pandemic, this value has steadily decreased, reaching Rp95.76 trillion in 2022.

Cumulatively, the added value of the national textile industry fell by 27% during 2018-2022.

This decline coincides with a decrease in the number of companies and workers in the sector.

During 2018-2022, the number of medium-scale textile companies decreased by 18%, and large-scale companies decreased by 17%.

In the same period, the number of workers in medium-scale textile companies fell by 26%, and in large-scale companies it shrank by 35%.

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."

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Indonesia's Textile Industry's Added Value Shrinks

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