Indonesia is set to become the Muslim Fashion center, targeting five Middle Eastern countries—Iran, Turkey, Saudi Arabia, Pakistan, and Egypt—as potential markets for exporting apparel and footwear.
"Given the current market opportunities and the growth of the Muslim fashion industry, we must remain optimistic about maximizing a share of the domestic market and boosting our competitiveness in the global market. " - said Reni Yanita, Director General of Small, Medium, and Miscellaneous Industries at the Ministry of Industry.
Reni stated that the Muslim apparel industry is expected to experience rapid growth in the coming years, in line with the expansion of the global Islamic economic market.
According to Radio Republik Indonesia, the DinarStandard Institute, in its report The State of Global Islamic Economy 2023-2024, projected that Muslim consumer spending across six key sectors would increase to $3.1 trillion by 2027.
In particular, six sectors of the Islamic economy are expected to grow rapidly - food, fashion, media and recreation, travel, pharmaceuticals, and cosmetics.
By 2027, Muslim spend on apparel and footwear is forecast to reach $428 billion.
Reni said that consumption of halal goods and services in Indonesia is expected to reach $330.5 billion this year. Meanwhile, apparel and fashion is the second highest consumed category in the Indonesian halal market.
She invited all stakeholders of the industry, including associations, the textile industry actors, business entities, designers, academia and influencers to contirubute in developing sustainable and competitive Muslim fashion industry.
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