Home / Knowledge / News / Textiles / Lack of credit affects Spanish cotton sector: AITPA
Lack of credit affects Spanish cotton sector: AITPA
25
Nov '13
One of the main factors affecting the Spanish cotton sector is the difficulty of access to credit and financing for cotton production in the country, and the lack of measures to support the industry in general, especially in terms of internationalization, this was revealed during the Annual General Meeting of the Association of Textile Industry and Cotton Processing (AITPA) of Spain.
 
According to a statement issued by the AITPA, during the meeting, the latest indicators of the cotton sector of Spain were discussed wherein it was revealed that the sector was severely affected in 2012 due to the economic crisis. 
 
The negative trend that was prevailing in the sector during 2011, continued throughout in 2012, as the domestic demand for cotton suffered a clear setback despite trying to compensate for lack of orders through exports.
 
As per AITPA statistics, the production and turnover of the cotton sector decreased by 7 percent year-on-year in 2012, whereas as occupation in the sector also fell by 5 percent during the same year, compared to 2011.
 
During the meeting, the AITPA representatives were of the opinion that internationalization is essential for Spanish cotton sector as it is a unique factor that would help maintaining productivity in enterprises operating in the sector.
 
However, the AITPA expects 2013 to mark a positive trend in the sector, owing to the improvement in foreign trade during the first half of the year, with 3 percent year-on-year increase in cotton exports during the period.
 
The AITPA forecasts that the Spanish cotton industry would be ending the year 2013 with €900 million in trade, and this figure is excluding the significant volume of products exported by the enterprises operating in the apparel sector. 
 
AITPA is the organization representing the cotton and textile companies of Spain, which consists of more than 100 enterprises in the country.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Mark Paterson
Technical Absorbents Ltd

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

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

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
January 2017

January 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