Latin American Textile Industry Will Increase Slightly This Year.

According to Buenos Aires, the world economic crisis in 2009 has dealt a heavy blow to the textiles and clothing sectors in Latin America.

Brazil and other countries seek help from their huge domestic market, while Argentina and Columbia find new ways to diversify their production so as to avoid industrial destruction.

Nevertheless, the clothing industry in the region still expects to see a slight rebound in sales in 2010 by expanding overseas market and domestic industry protection measures.

In some countries in the region, the impact of some local factors is equivalent to or greater than the impact of the world economic crisis.

Brazil's domestic market is stronger, which accounts for about 80% of the total sales, so it helps to mitigate the impact of the global crisis. However, Brazil's exports are still decreasing.

In 2009, exports dropped by about 40%, excluding cotton fibers.

The textile and clothing industry of Columbia is the third pillar of the national economy.

Over the past two years, exports to Venezuela have been difficult because the political situation between the two countries has led to further deterioration of the export situation in 2009.

The problem of Columbia is particularly disturbing because its neighbouring countries account for about 65% of Columbia's exports.

In Argentina, due to the decline in global consumption, the application of non automatic import license increased from 10 to 160, and the price of products was too low. It was not the purpose of automatic import license to develop, integrate and promote the development of textile and garment industry.

In addition, because the consumption fashion in Argentina is out of season, the unsold inventory in the northern hemisphere has been exported to this South American country at low cost, which has weakened the competitiveness of local products.

In the second half of 2009, the non automatic import license came into effect and imports declined. Local manufacturers began to fill the gap of local manufacturing clothing.

60% of enterprises expect sales to increase by 13% this year, and industrial activity is expected to be more active in 2010, but the scope will not be large and the time will not be very close.