Covid-19: Forecast for the Textile Sector

The impact that the crisis will have on companies related to the textile, leather and clothing sector in Central America is estimated to be explained, to a greater extent, by the expected drop in sales of carpets and curtains.

Thursday, March 26, 2020

The "Information System for the Impact Analysis of Covid-19 on Business", developed by the Trade Intelligence Unit of CentralAmericaData, measures the degree of impact that the crisis will have on companies according to their sector or economic activity, during the coming months.

It is expected that the sales of handbags, suitcases and similar will be among the activities that will suffer a greater impact in the coming months. Another activity that is in the group of those that will be impacted, but in lesser extent, is the commercialization of Knitted socks and stockings.

The interactive report projects that sales of Footwear with leather and fur cut, and Garments made of leather, fur and substitute materials are some of the activities that will be affected to a great extent.

According to the forecasts, the impact on the Textile, Leather and Clothing industry will not be as severe in this context of health alert and restriction of mobility of people, especially when compared to the effect it will have on sectors such as Restaurants or Transportation.

The information system can help you to answer the following questions:

How and how much will my company be affected?
How much could the demand for my products and services fall in the medium term?
Which sectors are most at risk of registering significant falls in their sales?
How many of my customers and suppliers could face problems?


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September 2020

Under the brand of Tiendas Rechido, Corporación Megapaca opened its first store selling second-hand clothing in the city of Morelia, Michoacan.

The new store operating in the Mexican market will make available to the public 50 thousand garments and the business strategy of the business group is to enter the Mexican market as an environmentally sustainable fashion option.

Textile Industry Seeks to Recover Lost Ground

July 2020

After the demand for clothing fell in the world's main markets due to the health crisis, Salvadoran entrepreneurs are confident that in the coming months it is possible to recover part of the sales initially projected for this year.

The social distancing decreed due to the covid-19 outbreak caused consumer preferences to change in the main markets, as the demand for comfortable clothing to be at home has now rebounded.

Clothing: Sales Forecasts

July 2020

For the next few months, it is estimated that in the Guatemalan market, sales of men's pants will decrease by about 5% from the levels reported prior to the change in the business scenario.

The "System for monitoring markets and economic situation in Central American countries", developed by CentralAmericaData, forecasts the variations that in this new commercial reality will suffer the demand of households for different goods and services, through a model of sensitivity of demand-income.

Clothing: Forecast for Business in Nicaragua

April 2020

It is predicted that in the context of the crisis generated by covid-19, the demand for clothing in the local market will be affected mainly by a drop in sales of men's jeans.

The "Information System for the Impact Analysis of covid-19 on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the impact that the crisis will have on companies, depending on the country, sector or economic activity, during the coming months.

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