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Article: 1. Sheet glass producers increase exports to offset decline in sales on domestic market. (Trade).(Statistical Data Included)(Industry Overview)
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- February 13, 2002
CopyrightCOPYRIGHT 2002 P.T. Data Consult, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Producers of sheet glass could not yet rely on the domestic market to dispose of their production as the domestic market remains weak as long as the real sector remains in the doldrums. The producers, therefore, have sought to turn to export market to make up for the decline in sales on the domestic market. As a result, exports surged 76.9% to 479,869 tons in 1999 and rose further to 520,564 tons in 2000. The export value shot up 140% to US$ 112.77 million in 1999 and further by 29.% to US$ 146.39 million in 2000.
The surge began in 1998 when exports totaled 271,128 tons from only 165,521 tons in 1997. In 2001, exports were estimated to rise again. Major producer ...