Indonesian Cosmetic Brand Wardah Beats Pandemic Odds with Rp 22.9B in Exports

October 31, 2020, 12.25 AM
Fast-growing Indonesian cosmetic brand Wardah exported Rp 22.9 billion worth of products to Malaysia in October 2020. Dok WardahFast-growing Indonesian cosmetic brand Wardah exported Rp 22.9 billion worth of products to Malaysia in October 2020.

JAKARTA, KOMPAS.com – Fast-growing Indonesian cosmetic brand Wardah exported Rp 22.9 billion worth of products to Malaysia in October 2020.

This was Wardah’s manufacturer Paragon Technology and Innovation’s (PTI) 53rd time to ship out cosmetic and facial care products this year with the latest venture entirely for the Malaysian market.

“I would like to extend my appreciation to PTI for successfully expanding their overseas presence amid a pandemic and global economic slowdown,” said Indonesia’s Minister of Trade Agus Suparmanto.

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The trade minister highlighted the massive potential for cosmetic exports considering that last year, the global demand for cosmetic goods and perfumes reached $82.40 billion.

Between January and August 2020, Indonesia’s cosmetics product exports totaled $135.67 million.

Thailand was the primary export market accounting for 18.89 percent of total exports followed by Singapore at 16.58 percent.

Read also: Recession-Hit Singapore Dominates Q2 FDI in Indonesia: BKPM

Malaysia is the third-biggest buyer for Indonesia’s cosmetics product exports with 10.71 percent of total exports in addition to the Philippines with 9 percent and Japan with 6.04 percent of total exports, respectively.

Indonesia’s Trade Minister explained that there remains plenty of opportunities to grab hold of to increase the country’s cosmetic goods exports globally.

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