Spanish Textile Industry Declined 2.27% In 2018

The Spanish national newspaper (ElPa s) reported that the Spanish textile industry's sales volume reached 17 billion 686 million euros in 2018, a decline of 2.27% over the previous year, the first decline since 2014, according to information released by the Spanish Textile Enterprise Association (Acotex). Affected by the economic crisis in 2013, the output value of Spain's textile industry was only 15 billion 850 million euros. Although the recovery in 2015 has grown by 7.7%, it is still far from the peak season of 2006 (22 billion 406 million euros).

Overall, in 2018, the number of employees in Spain's textile industry decreased by 0.86%, and the number of stores in 6 million 133 thousand and 685 decreased by 1.39%. In addition, with the growth of e-commerce, online sales accounted for 8% of the total industry and about 1 billion 400 million euros in total 198 thousand and 882.

Acotex EduardoZam EduardoZam Cola pointed out that by climate change, Spain's climate remained cold last year until May, resulting in many shops' unsalable summer clothing, but in July, they entered the traditional discount season, which has seriously damaged the profits of the industry. The president stressed that Spain's textile industry needed to regain balance, such as postponed discount season. In 2019, with the political and economic stability of Spain, Z president is optimistic that Spain's textile industry is expected to grow 3-5%.