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

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Cambodia’s economic growth to remain strong in 2017 & 2018

Apparel/Garments | On 14th Dec 2017

Cambodia’s economic growth to remain strong in 2017 & 2018

Cambodia’s economy is expected to grow at 6.9 per cent and 6.8 per...

2 garment factories to be set up in Jordan’s Arjan, Souf

Apparel/Garments | On 14th Dec 2017

2 garment factories to be set up in Jordan’s Arjan, Souf

Jordanian Prime Minister Hani Mulki recently laid the foundation...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Marcel Alberts
Eurofibers

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

Lynda Kelly
Suominen Corporation

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sanjukta Dutta
Sanjukta's Studio

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search