Press release
Garment Market Size, Share, Development by 2023
The population of Indonesia ranks the fourth in the world, which is the most populated country and the largest economy of ASEAN.
There are over 3,000 garment manufactories above designated size in Indonesia, mainly manufacturing shirts, cotton T-shirts, corsets, underwear, coats, sports shirts and trousers. Most products of brands such as Marks & Spencer, Mango and Zara are manufactured there.
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Global Garment Market: Forecast by Type / Application / Region
The textile and garment enterprises mainly distributed in countries such as Bandung, West Java and areas near Jakarta with investors from Taiwan and Hong Kong. Bandung is the most developed city of garment industry in Indonesia. According to incomplete estimation, the annual output value of garments in Bandung accounted for over 40% in the country. In recent years, the cost of manpower increased, which led to the transfer of part of large-scale garment manufactories in West Java towards areas such as Yogyakarta and Central Java.
Over the next five years, LPI(LP Information) projects that Garment will register a xx% CAGR in terms of revenue, reach US$ 23 million by 2023, from US$ 23 million in 2017.
Global Garment Market: Key Players
Sritex
Argo Manunggal Group
PT Dan Liris
Pt. Multi Garmenjaya
Busana Apparel
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Related Information:
United States Garment Market Research Report 2018
Europe Garment Market Research Report 2018
North America Garment Market Research Report 2018
Asia-Pacific Garment Market Research Report 2018
China Garment Market Research Report 2018
EMEA Garment Market Research Report 2018
Global Garment Market Research Report 2018
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