Home / Knowledge / News / Apparel/Garments / Nicaragua more competitive than China in apparel production
Nicaragua more competitive than China in apparel production
29
Jun '11
According to the results of a recent study conducted by Mary O'Rourke, President and Managing Director of the textiles and apparel consulting firm O'Rourke Group Partners, Nicaragua was found to be the single most competitive option for sourcing numerous apparel products, not just in this hemisphere, but in some cases also compared to China, Vietnam and Bangladesh.

The study titled “Benchmarking the Competitiveness of Nicaragua's Apparel Industry” presents a solid benchmark analysis of Nicaragua and other major US apparel suppliers in Asia and the Western Hemisphere throughout the apparel industry's value chain. According to O'Rourke, “Nicaragua's future lies on the apparel manufacturing as the country presents a sustainable situation, which cannot be said for other suppliers.”

The results of the study clearly demonstrate Nicaragua as the most competitive option in the region for apparel manufacturing due the country's low costs, educated labor pool and improving labor productivity, an excellent free trade zone system, infrastructure developments, the lowest incidence of crime in Central America and its consistent quality, as well as its speed to market performance.

Also, recent and significant raw material cost increases on a global basis have led to increases in overall production costs in the countries competing with Nicaragua. In turn, Nicaragua's government recently announced the beginning of a cotton production pilot in the second semester of 2011, which will significantly foster the sustainable development of Nicaragua's textile industry by supplying local raw materials and contribute to the vertical integration of the industry, strengthening the country's value chain and reducing costs.

By 2010, Nicaragua was the 12th largest worldwide apparel supplier to the U.S. in volume, thus becoming an important player in the global textile and apparel industry. According to estimates by the National Commission of Free Zones (CNZF), in 2011 there will be significant growth in textile exports, reaching a total of US$1,300 million, a 28 percent increase versus exports in 2010.

PRONicaragua

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search