The Textile Industry and its Potential

After a 7% increase in exports during 2018, Guatemala's apparel and textile sector expects to reach $2 billion in sales this year.

Thursday, January 24, 2019

Factors such as the crisis in Nicaragua and an increase in customer demand in the United States partly explain the growth reported last year by textile companies in Guatemala.

The political situation in neighboring Nicaragua led to an increase in the number of work orders, and the 8% increase in U.S. demand explained much of the results reported last year.

According to data from the Bank of Guatemala (Banguat), during the first 11 months of last year sales of costume items to the U.S. represented 91% of the total sold by local companies.

Figures show that between January and November 2017, and the same period in 2018, exports to the U.S. registered an 8% increase, going from $1.111 million to $1.200 million.

You may be interested in “Clothing: Imports increase 3%

Prensalibre.com reviews that "... Following the increased demand observed and expectations for this year, Alejandro Ceballos, chairman of the Costume and Textile Commission (Vestex), attached to Agexport, confirmed that there was movement of capital mostly local. He indicated that the amount of investment in machinery, equipment and expansion of plants, especially of fabrics and yarn spinners, is US$60 million, both in factories installed in the metropolitan area and in San Juan Sacatepéquez and Palín, Escuintla. In addition, some factories (textiles and assemblers) that faced liquidity problems were rescued to meet the volumes of orders, which even work on weekends, a phenomenon that was observed in the second half of the year and continues that rhythm in 2019.

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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.

Textiles: $700 million in Trade Projected

April 2018

In an industry fair to be held in May in Guatemala, organizers expect to generate around $700 million in trade deals.

The Apparel Sourcing Show will be held in Guatemala on the days from the 15th to the 17th of next month. This costume and textiles fair will be backed by buyers and suppliers from Brazil, Spain, Turkey, the USA and China. 

Guatemalan Textile Exports Drop by 29%

April 2009

Sector entrepreneurs are focused on increasing the added value of the garments to offset the fall in demand abroad.

According to the Commission on Textiles and Clothing (Vestex) of the Guatemalan Association of Exporters (Agex-port), there were $202 million exported in January and February 2009, $84.2 million less than during the same period last year when the total was $286.2 million.

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