Home / Knowledge / News / Textiles / Brazil foresees its textile output growing 2% in 2013
Brazil foresees its textile output growing 2% in 2013
25
Jan '13
Mr. Aguinaldo Diniz Filho
Mr. Aguinaldo Diniz Filho
Anticipating a three percent rise in the nation’s GDP, Brazil’s textile and garment industry is expecting a two percent rise in its production during the current year. 
 
Talking to media, President of the Brazilian Textile and Apparel Industry Association (ABIT), Aguinaldo Diniz Filho said the industry’s performance is expected to improve this year, as compared to last year when textile production declined by 4.6 percent year-on-year, while garment output slumped by 10.5 percent during January to November.
 
However, he said the sector is expected to make around US$ 53 billion in revenues this year, compared to last year’s US$ 56.7 billion, partly due to weakening of local currency in terms of US dollar.
 
Brazilian garment sector consists of around 30,000 firms that produce around 9.5 million pieces per annum. The sector is the second largest employment generator in the country and fourth biggest exporter globally.
 
Stating that the country imports 23 percent of its overall garment consumption, Mr. Filho said the industry is not opposed to imports, but is against large-scale imports.
 
Asia, particularly China, accounts for around 60 percent of the country’s overall garment imports, he said.
 
According to experts, Brazil needs to reduce high cost of labour, improve its infrastructure and reduce hurdles in extending credit facilities, so as to tap a larger share of the global market.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Mark Paterson
Technical Absorbents Ltd

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

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

Prathyusha Garimella
Prathyusha Garimella

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search