Home / Knowledge / News / Textiles / Guatemalan textile exports may jump 4-5% in 2014: Vestex
Guatemalan textile exports may jump 4-5% in 2014: Vestex
02
Jan '14
The textile industry in Guatemala is estimating its exports to rise between 4 and 5 percent in 2014, as the supply to Haiti and Nicaragua is increasing, according to Association of Apparel and Textile Industry (Vestex), siglo21.com reported.
 
Vestex president Alejandro Ceballos expects Guatemalan textile exports to the US, its major trading partner, to remain stable in 2014. According to him, Guatemalan textile industry cannot increase its sales because it does not have the capacity to increase production.
 
He said that in 2014 the textile industry will have to identify new niche markets in Europe, to benefit from the Association Agreement between Central America and the European Union.
 
He added that the domestic enterprises would have to add value to each garment in order to remain competitive.
 
From January to September 2013, apparel exports from Guatemala touched US$ 1.146 billion, registering a growth of 7.7 percent over exports of US$ 1.064 billion made during the corresponding period of 2012.
 
In 2012, Guatemala exported 297.3 million pieces of garments valued at US$ 1.189 million.
 
The Guatemalan textile and apparel sector includes 129 apparel companies, 39 textile factories and mills, 260 service and accessory companies that together employ 90,000 people directly and indirectly, of which 46 percent are women, according to Vestex.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Sonia Agarwal
Whitenife

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

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Tony Ward
Tony Ward

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

Bani Batra

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

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
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