Home / Knowledge / News / Textiles / Textile industry looks at 2008 with prudent optimism

Textile industry looks at 2008 with prudent optimism

06
Jun '08
The Spanish textile industry looks at 2008 with prudent optimism. Though exports registered a growth of 9% in 2007, outlook for 2008 is one of prudence in light of slowing down of the European economy as a whole.

The Spanish textile industry has continued its process of adapting to the new market conditions, an increasingly more globalised market in which companies' competitive references assume worldwide proportions from the perspectives of both sales and production.

A look at the present situation shows that external demand remained high throughout 2007 on the basis of strong economic growth in the EU and the dynamism of the emerging markets. It can be said that this past year has been one of the best with regard to foreign sales, with global exports for the industry as a whole reaching record figures of €8,000 million, this figure having doubled in the last decade.

Although growth has centred on articles of clothing (knitwear and ready-to-wear), all products have improved figures for 2007. Thus, exports of woven materials and fabrics have increased by 2.5%, representing almost 30% of the total exported and occupying second place in terms of importance after clothing exports, which exceed 50% of the total due to the foreign trading activities of the leading Spanish production / distribution companies.

Despite this situation, companies have been prudent in their provisions for 2008, due to the fact that sales to the EU, the main market, may be affected by the slowing down of the economy in the leading countries of the region and a decrease in industrial activity.


Interviews View All

Headhonchos, Textiles & allied industry

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

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

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Madhu Sudhan Bhageria,

Madhu Sudhan Bhageria

Incorporated in August 1990, Filatex India Ltd manufactures manmade...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search