The textile and garment market in the Middle East is projected to grow significantly over the next five years, with an annual growth rate of 7%. The fashion market in this region is valued at USD 89 billion. According to Antara news agency, Indonesia's current allocation of textile and garment exports to the Middle East is only 5.4% of its total textile and garment exports, valued at USD 753 million, with a market share of just 1.5%. In comparison, China holds a 38.3% market share, and India holds 21.4%. In this context, the export efforts of PT Mahugi Jaya Sejahtera in West Bandung Regency, West Java, to Dubai, with transactions valued at USD 350,000, have been appreciated by the Ministry of Industry. This company has become a pioneer in boosting domestic textile product exports. During the dispatch of domestically produced textile fabrics by PT Mahugi Jaya Sejahtera, Taufiek Bawazier, Acting Director General of the Chemical, Pharmaceutical, and Textile Industry (IKFT) at the Ministry of Industry, expressed optimism. This export signifies an annual sales commitment of 5 million meters from PT Mahugi Jaya Sejahtera and opens non-traditional markets for Indonesia in the Middle East.
Non-traditional markets refer to economically potential and prospective countries for Indonesia, including South and Central Asia, the South Pacific, Latin America, Central and Eastern Europe, Africa, and the Middle East. "I highly welcome and appreciate PT Mahugi Jaya Sejahtera's efforts to tap into the Dubai market and parts of the Middle East, marked by the dispatch of three containers of fabric worth USD 350,000," stated Taufiek Bawazier. This statement accompanied the export container dispatch activity in West Bandung Regency, West Java, on Tuesday (May 21, 2024). Previously, the Ministry of Industry stated that the textile and apparel industry experienced expansive annual growth (year on year/yoy) in the first quarter of 2024, with values of 5.90% and 2.64%, respectively, due to high export demand. This expansive growth has also increased the contribution of the manufacturing industry to economic growth, reaching 19.28% (yoy), up from 18.57% (yoy) in the same period in 2023.
