Home / Knowledge / News / Apparel/Garments / Apparel exports deliver exemplary performance
Apparel exports deliver exemplary performance
18
Sep '08
Cotton has always played an important part in Peruvian economy and society. Cotton originated in Peru over 3,000 years. As far back as 1926, Peru was the fourth largest exporter of cotton in the world after the USA, India and Egypt.

Apart from its thriving textile and apparel industry, Peru has a flourishing multi-million dollar Alpaca wool industry and is the largest producer of the Alpaca fibre in the world. Alpaca is a specialty fiber. It is very soft - similar to cashmere and angora in feel and does not have the "prickle factor" commonly associated with lamb's wool. The first textile mill to process Alpaca fibre was set up way back in 1947.

Apart from being ranked as one of the 15 lowest-cost producer countries in the world, Peru's textile industry has a host of other advantages. High quality of raw material availability, duty-free access to US markets, low cost of production, proximity to North American markets and vertical integration have all gone a long way in strengthening the exports of the country.

Peru is one of the few countries in the world which as seen its exports of textiles and apparels growing, that too in double digits in 2008. This is in face of a growing recession in the markets of its top buyer; the US. While other countries are struggling or reporting negative growth rates in their shipments to the US, Peru has seen its exports growing by leaps and bounds.

Total exports of textiles and apparels, which stood at US $877.63 million in the first seven months of 2007 rose to $1130.82 million in the corresponding period of 2008 to post a stunning growth of 28.78 percent.

These types of growth figures are unheard of in 2008. Countries would be satisfied if they are able to attain growth rates in single digits or even reach export value figures comparable with those accomplished in 2007.

If growth for only garment exports is to be considered than the growth figures climb to an astonishing 31.47 percent. Apparels exported from knitted fabrics accounted for the lion's share of exports and accounted for 71.45 percent of all textile and garment exports.

Shipments for the same rose from $623.69 million to $807.53 million in the first seven months of 2007 and 2008 respectively, to garner a growth of 29.48 percent.

From amongst categories in knitted fabric apparels, exports of garments manufactured from cotton saw shipments increasing from $ 575.02 million to $731.97 million in the period under preview to seize a growth of 27.29 percent.

On the other hand exports of woven fabric garments which have a weightage of just 8.03 percent in the basket of textile and garment exports delivered a more exemplary performance. Shipments ascended from $59.54 million to $90.73 million in the period January-July 2007 and 2008 respectively.

Though export figures of woven apparels are nowhere comparable with those of knitted apparels, but a growth of 52.38 percent is definitely commendable. Once again exports of cotton woven garments accounted for the major share to touch $66.26 million the first seven months of 2008, compared to $46.39 million in the corresponding period of 2007.


Must ReadView All

HFPA alerts member firms on latest US tariff announcement

Textiles | On 20th Jul 2018

HFPA alerts member firms on latest US tariff announcement

The US Home Fashion Products Association (HFPA) has alerted its...

Courtesy: YKK

Textiles | On 20th Jul 2018

Japanese firm YKK explores opening office in Uzbekistan

Japanese company YKK recently discussed with the Uztuqimachiliksanoat ...

India's retail sales to cross $1,244.58 bn by 2018: study

Apparel/Garments | On 20th Jul 2018

India's retail sales to cross $1,244.58 bn by 2018: study

Growing at a rate of about 15 per cent and registering a double digit ...

Interviews View All

Amit Jain
Shingora Textiles Ltd

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

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search