Home / Knowledge / News / Textiles / Textile sector in Spain lacks modernization: Report
Textile sector in Spain lacks modernization: Report
05
Sep '13
The textile industry in Spain is mainly composed of small and medium enterprises which significantly limit the investment capacity of the sector, according to a latest study conducted by city council of Barcelona.
 
The study ‘Textile Industry Sector Report 2013’ conducted in collaboration with Leitat Technological Center, says, “The family nature of most companies in Spain’s Catalonia region, the lack of entrepreneurial vision and poor motivation are the reasons for the slow growth in the textiles sector.”
 
The implementation of new strategies is limited due to the textile companies being small and medium-sized, which results into a decline in operating margins of the whole sector, the report states.
 
According to the report, lack of funding opportunities and specialized personnel are also reasons that are affecting modernization in the Spanish textile sector.
 
This scenario has led to shutdown of many companies that have failed to adapt to changing market situations, the report adds.
 
According to the report, one of the major threats faced by the Spanish textile sector is the relocation of the production activity towards emerging countries, particularly in Asia.
 
The restrictions on textile imports (quotas) were removed during the process of liberalization of trade in 2005, which has established Chinese leadership in the textile world, the report states.
 
The traditional commercial structure and the difficulty of access to new distribution channels has led to a high degree of fragmentation in the Spanish textile sector and resulted in lack of cooperation between enterprises, it adds.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Oct 2021

China hopes to attract over 1 trn yuan of foreign investment in 2021

China is expected to attract more than $156.51 billion of foreign...

WTO Deputy Director-General Anabel González PIC: WTO

Textiles | On 25th Oct 2021

Digitised logistics services smoothening supply chain operations: WTO

The digitalisation of logistics services, accelerated by the...

Pic: Shutterstock

Textiles | On 25th Oct 2021

Hong Kong to strengthen status as global shipping centre: Minister Li

The Hong Kong Special Administrative Region will strengthen its...

Interviews View All

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Rocky Star, Label - Rocky Star

Rocky Star
Label - Rocky Star

<b>Rocky Star,</b> an Indian designer known for his inspiration from the...

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


October 2021

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


Advanced Search