Home / Knowledge / News / Apparel/Garments / Peru's garment exports to cross US$1.6bn in 2012
Peru's garment exports to cross US$1.6bn in 2012
Dec '12
courtesy: SNI
courtesy: SNI
Apparel exports from Peru are likely to grow between 11 and 13 percent year-on-year to surpass US$ 1.6 billion mark by the end of the current year, according to the estimates of the Apparel Committee of the Sociedad Nacional de Industrias (SNI or National Society of Industries).
Chairman of the Committee Mario Fiocco Bloisa explained that the apparel sector's growth will be driven by market diversification, especially from neighboring countries. He forecasted that clothing exports from Peru to Venezuela, Brazil, Colombia and Mexico will increase by 33 percent year-on-year, 5.25 percent, 2.43 percent and 1.32 percent respectively, in 2012.
However, despite the ongoing financial crisis, the US continues to remain as the largest market for Peruvian apparels. For figures available up to October 2012, the US accounted for 39 percent of all clothing exports from Peru.
In terms of units, apparel exports will increase slightly between 1 and 2 percent compared to last year, when the country exported 200 million garments. The quantity of apparels would be still lower than the peaks seen in 2007 and 2008, when the country exported 247 million and 252 million garments, respectively, Fiocco said.
The average unit price of garments has grown during the year, mainly due to a rise in global cotton prices between 2010 and 2011.
The SNI Apparel Committee chairman projected Peru’s clothing exports to grow in the range of 9-12 percent in 2013. He especially expects a strong growth in exports to Mexico and Brazil next year, because both the economies are growing rapidly.
The chairman also indicated that priority would be given to boosting investment in innovation and training as well as for encouraging the development of micro and small enterprises to achieve a sustained growth.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Jay Ramrakhiani
Occasions Elegance Wear

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search