Home / Knowledge / News / Textiles / Textile industry struggling hard to find its moorings
Textile industry struggling hard to find its moorings
21
Jul '08
The Portuguese textile industry which had a peak turnover of Euro 8.33 billion in 2001 saw it drop to Euro 8.145 billion in 2004 and slump to Euro 6.925 billion in 2007.

Production of textiles and related products which was Euro 8.15 billion in 2001 also slipped to Euro 6.38 billion in 2007.

Corresponding figures of employment within the industry also reveal a similar trend. From a pinnacle of 243,264 in 2002, employment levels slipped to an estimated 187,326 in 2007.

The share of textile in overall of baskets of exports from Portugal has also been dipping steadily. From a zenith of 18.7 percent in 2000, it touched 15.0 percent in 2004 and has now plummeted to 11.5 percent in 2007.

The only silver lining noticeable, albeit marginal was the growth in textile and garment exports. Exports of the same rose from Euro 4.11 billion in 2006 to Euro 4.30 billion in 2007, an increase of 4.62 percent.

Imports also kept pace with exports by registering a growth. Imports in 2006 amounted to Euro 3.085 billion which rose to 3.332 billion in 2007 an amplification of 10.82 percent.

Among exports, textile products which include made-ups, sets, accessories, etc. accounted for the lion's share among exports with shipments reporting 26.2 percent of all textile exports.

Knitted apparels, man-made staple fibres and woven apparels account in that order registered percentages of 16.9, 16.2 and 11.0 respectively of all shipments made from the sector.

The biggest share in loss came from knitted apparels which had a share of 40.2 percent in 2006 followed by woven apparels which had stood at 20.0 percent.

The highest growth came from other textile products and man-made fibres which had shares of 14.7 percent and 5.9 percent respectively in 2006 among all shipments made from the textile and apparel industry.

Within the ambit of imports, cotton came out topper with consignments reaching 46 percent of all textile related imports in 2007 against just 17.8 percent in 2006.

The biggest dip in imports was witnessed by woven apparels. From 22.6 percent in 2006, it touched just 7.7 percent in 2007. Inward shipments of knitted apparels also fell to 9.0 percent in 2007 from 21.2 percent.

Imports of man-made staple fibre reached 11.6 percent and other textile products with 6.9 percent made up for the major products of import in to Portugal.

It can be safely said that the textile and apparel sector of Portugal is struggling hard to maintain the levels of the previous years with the only silver lining being the marginal growth in exports, but is negated by the corresponding growth rates in imports within the industry.


Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Kai Pilger from Pexels

Apparel/Garments | On 26th Apr 2018

FOBAP in the Philippines trying for garments sector revival

The Foreign Buyers Association of the Philippines (FOBAP), a body...

German investors keen to invest in Pakistan: top official

Textiles | On 26th Apr 2018

German investors keen to invest in Pakistan: top official

A German traders delegation will soon visit Pakistan to explore...

Courtesy: Uster

Textiles | On 26th Apr 2018

Uster Technologies acquires Elbit Vision Systems

Uster Technologies has announced the successful closure of the...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

C Dhandayuthapani

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

Mark Paterson
Technical Absorbents Ltd

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

Paolo Ocleppo
Sandvik Hyperion

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Aditi Somani
Aditi Somani

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

Prathyusha Garimella
Prathyusha Garimella

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

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search