Textiles Nicaragua: More Volume with Less Value

The sector expects to close the year with a decline in the value of exports due to low international prices, but with an increase of about 10% in total production.

Friday, September 16, 2016

Textile entrepreneurs estimate that they may end the year with close to the planned target of 500 million square meters of production, but below the $1.5 billion in export value. 

Dean Garcia, director of the association of the textile sector zones (ANITEC), told Trincheraonline.com that "... ' The decline in the volume of textile production in Nicaragua is due to lower international prices, "many countries are not doing so well, as in the case of Honduras, which has had negative growth, in second place is Guatemala, following us with 0.2% and then the rest of Central America has diminishing returns'. "

See: "Textiles and Supplies Market in Central America"

"... At the moment employment in the sector is 112 thousand workers, it is expected that the year will close with about 120 thousand jobs. Regarding new companies, Garcia said that this will depend on how the investment factor evolves, but there are seven new companies that are in the stage of installation and operation 'and we'll see how a little more could be added to this in the remainder of the year'. Currently there are 75 companies in the sector working in textiles and confection of garments."

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More on this topic

Honduras: $1.946 billion in Maquila Exports

September 2014

80% of the volume exported by the Honduran maquila sector in the first half of 2014 corresponds to textiles, 15% to harnesses, and the remaining 5% to other goods.

A report by the Central Bank of Honduras (BCH) specifies that when comparing the figure for the first half of this year with the same period of 2013, "... A slight increase of $8.2 million is observed. "

Nicaraguan Textiles Lead in Central America

July 2011

Between January and May sales grew by 25% compared to the same period in 2010.

The rise in sales to the U.S. was higher than to countries like El Salvador, Honduras and Guatemala, which increased by 19%, 17% and 13% respectively in the same period.

With the 25% increase, Nicaraguan exports went up from $381.1 million to $476.7 million.

Textile Cone Denim Reopens in Nicaragua

January 2011

During the course of the year, the U.S. textile company will restart operations in the country.

The start-up would initially create 700 new jobs.

"The secretary of the National Free Zone Commission (CNZF), Alvaro Baltodano, and executive director of the Nicaraguan Association of Textiles and Apparel (Anitec), Dean Garcia, confirmed to the press that the reopening of the company is underway and will become official in the coming weeks,” according to an article at Laprensa.com.ni.

Nicaraguan Textile Industry Foresees Recovery in 2010

January 2010

The sector expects to create 6.000 jobs this year, as well as increased orders from international markets.

Dean García is the president of the Nicaraguan Textile Industry Association (Anitec). He identifies two key elements in this recovery: improvement in the U.S. economy and new markets like the European Union and Canada.

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