Coronavirus: Every Crisis Brings an Opportunity

Following the spread of the virus globally and the suspension of some production in China, several garment companies in the region have reported increases in their orders.

Monday, March 9, 2020

The spread of the epidemic has stopped much of the economic activity of the Asian giant, which is the largest exporter of textiles in the world. This situation has forced buyers to look for alternatives.

You may be interested in "Clothing: Purchases up to September 2019"

Patricia Figueroa, executive director of the Chamber of Textile, Clothing and Free Trade Zones of El Salvador (Camtex), told Elmundo.sv that "... the union is closely following the evolution of the problem and a 'good number' of members 'tell us that orders from their clients have increased because many (companies or brands), which have previously supplied themselves from Asia, are looking to Central America as a production alternative."

Also see "Clothing and Accessories: What do Consumers Want?"

Regarding the supply of raw materials, Figueroa added that "... the situation of the Salvadoran textile industry does not depend so much on China because there is production of yarn and fabric in the CAFTA region, where El Salvador is one of the great suppliers of synthetic materials. However, 'I don't want to say that there isn't an effect."

The Camtex director's views contrast with those of Alejandro Ceballos, president of the Guatemalan Apparel and Textile Industry Association, who claims that the outbreak of the coronavirus in China has caused delays in the supply chain of raw materials, which could cause millions of dollars in losses in the region.

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More on this topic

Textile Sector Begins 2019 Upwards

April 2019

During the first two months of the year, exports of the Guatemalan textile sector registered a 4% year-on-year increase, which is explained by demand from U.S. companies.

According to the most recent figures from the Bank of Guatemala, between the first two months of 2018 and the same period in 2019, overall exports fell from $1.808 million to $1.751 million.

Guatemala: Record Figures for the Textile Sector

November 2018

Businessmen consider that 2018 will be a year with record sales for the country, as they projected exports of $1.724 million, a figure that would exceed 12% of what was reported in 2017.

Representatives of the Apparel and Textile Industry Association (Vestex) reported that they have recently reviewed the figures, and they estimate that this year the sector will have double-digit growth compared to 2017.

El Salvador Wants to Sell More Raw Materials for Textiles

April 2018

The sector's union says that the strategy focused on producing fabrics and yarns for export is already paying off, and they intend to continue in order to become the region's main supplier.

According to the Chamber of the Textile, Clothing and Free Trade Zone (Camtex), exports of raw materials from El Salvador have grown considerably in the last two years, as between 2016 and 2017 sales increased from $60,000 to $1.2 million.

Textiles in El Salvador: Outlook for 2018

March 2018

The textile guild has stated that 2017 closed with $2.6 billion in exports and an increase of almost 4%, and for this year it plans to achieve similar growth.

The Chamber of the Textile, Clothing and Free Trade Zone (Camtex) exported $2.617 billion during the past year, $95 million more than the value of exports registered in the previous year.

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