Home / Knowledge / News / Association/Org / Brazil foresees its textile output growing 2% in 2013
Brazil foresees its textile output growing 2% in 2013
25
Jan '13
Mr. Aguinaldo Diniz Filho
Mr. Aguinaldo Diniz Filho
Anticipating a three percent rise in the nation’s GDP, Brazil’s textile and garment industry is expecting a two percent rise in its production during the current year. 
 
Talking to media, President of the Brazilian Textile and Apparel Industry Association (ABIT), Aguinaldo Diniz Filho said the industry’s performance is expected to improve this year, as compared to last year when textile production declined by 4.6 percent year-on-year, while garment output slumped by 10.5 percent during January to November.
 
However, he said the sector is expected to make around US$ 53 billion in revenues this year, compared to last year’s US$ 56.7 billion, partly due to weakening of local currency in terms of US dollar.
 
Brazilian garment sector consists of around 30,000 firms that produce around 9.5 million pieces per annum. The sector is the second largest employment generator in the country and fourth biggest exporter globally.
 
Stating that the country imports 23 percent of its overall garment consumption, Mr. Filho said the industry is not opposed to imports, but is against large-scale imports.
 
Asia, particularly China, accounts for around 60 percent of the country’s overall garment imports, he said.
 
According to experts, Brazil needs to reduce high cost of labour, improve its infrastructure and reduce hurdles in extending credit facilities, so as to tap a larger share of the global market.
 

Fibre2fashion News Desk - India


Must ReadView All

NRF cautions USTR against additional tariffs on PRC goods

Apparel/Garments | On 26th Jun 2019

NRF cautions USTR against additional tariffs on PRC goods

The US National Retail Federation (NRF) recently urged the Office of...

Adverse measures may shut down textile units, Pak PM told

Textiles | On 26th Jun 2019

Adverse measures may shut down textile units, Pak PM told

Representatives of the Pakistani textile and garment export industry...

Indian grocery stores, traders want level-playing field

Retail | On 26th Jun 2019

Indian grocery stores, traders want level-playing field

Representatives of the associations of grocery stores, traders and...

Interviews View All

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Top executives, Textile industry

Top executives
Textile industry

The new deal is better than NAFTA for the US textile industry

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Awanda Booth,

Awanda Booth

Held every year in New York City, Surtex is a global business-to-business...

Lin Jing,

Lin Jing

Jiangsu New Victor is a Chinese mechanical equipment manufacturing...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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


June 2019

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

news category


Related Categories:

Advanced Search