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

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
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