Home / Knowledge / News / Apparel/Garments / Peruvian apparel exports to rise steeply in 2011 – expert
Peruvian apparel exports to rise steeply in 2011 – expert
24
May '11
Jose Luis Peroni, President of the apparel committee of Peru's leading textiles association, ACOTEX said that, riding on the back of heavy domestic consumption and positive exports, the textiles and apparel industry of Peru is set to achieve considerable gains during the current year.

According to Peroni's estimates, domestic sales would grow by 10 percent from last year's two billion US dollars, while the exports would grow by 12 percent to US $1.6 billion as the Andean country continues exploring new markets in Europe and Latin America.

Peroni said that, the current year would be a positive one, as competition from China is declining, it would allow the domestic market to grow, while several apparel chains are expected to boost their investment to expand in the domestic as well as overseas markets.

Rise in the domestic demand and intensifying sourcing woes in China have allowed the Peruvian apparel producers to reclaim their market share after suffering heavy losses due to incursion of Asian competitors.

Besides, he said that, the industry and consumer drive against the "sub-value and low-quality" garments from China has also tarnished the image of China's textile industry, and has enhanced buyer's interest in Peruvian apparel brands.

Meanwhile, Peru's economy is developing robustly, with rise in consumption and also in number of malls and outlets. This has thus generated new growth prospects for domestic brands.

The Peruvian producers, in order to meet this soaring demand have refurbished their abilities, like building capacity to produce stylish premium quality apparels in bulk and to speed up the shipments, Peroni said.

Furthermore, in recent years, the domestic industry has also considerably boosted its investment to establish itself as a full-fledged producer of value-added upmarket garments.

Peroni believes that, the current year's export rise would spring from the country's endeavours to penetrate into newer markets.

Owing to increasing sales to Europe and Latin America, export share of the US which conventionally has been the biggest buyer of Peruvian textiles, has plummeted from 70 percent to 58 percent just within a few year's span. Germany, Italy, UK, Colombia, Venezuela and Brazil are now the major export destinations for Peruvian textiles.

While concluding Peroni said that, the investments are expected to cross the last year's US $150 million mark this year, as the domestic brands keep on expanding.

Fibre2fashion News Desk - India


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Mark Paterson
Technical Absorbents Ltd

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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


June 2018

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

news category


Related Categories:

Advanced Search