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.
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.
With a $41 million investment, a Nike sportswear manufacturing plant will be built in San Pedro Sula.
Businessmen from Grupo Kattán and Corporación Tegra Global, informed that the new industrial site will have an area of 63 thousand square meters and will be located in the free zone of Inmobiliaria Hondurena del Valle S.A. (Inhdelva).
The American Aalfs Uno, which operated in the municipality of Sébaco, in Matagalpa, closed its operations in the country due to a reduction in the number of contracts.
The closure of the company was made official by directors of the Nicaraguan Association of Textiles and Apparel Industry (Anitec), who say it is the first company in the U.S. capital sector to close in the country.
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.
Exports from the Costa Rican textile sector increased from $126 million in 2017 to $136 million last year, a behavior explained by sales of yarns and vinyl.
According to data from the Foreign Trade Promoter (Procomer) of textile and apparel exports, the year-on-year increase of 8% recorded in 2018 represents a slight recovery, since between 2014 and 2017 a downward trend was reported.
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.
The General Directorate of Public Contracting is putting out to tender a supply of embroideries and uniforms for State entities for the period 2018 to 2020.
Panama Government Purchase 2018-1-27-0-99-LM-001971:
29% of the companies that are dedicated to the design and confection of clothes are less than five years old, 18% between five and 20 years, 24% are more than twenty years old.
A report by the Ministry of Industry, Commerce and SMEs analyzes the characteristics of the clothing design and clothing industry in the Dominican Republic, and lists the opportunities in the sector, among which are the frequency of clothing purchases made by Dominican consumers, the obligatory nature of the use of certain garments in institutions due to workplace regulations, the need for school uniforms, the existence of government procurement programs and the influx of tourists, who are potential customers of typical Dominican products, clothing and accessories.
The South American country has extended the tariff of 35% and 40% on imports of footwear and textiles, respectively, for two more years, further complicating the outlook for companies in the Colon Free Zone.
Up until November 2019, the Colombian government will continue to apply the 35% tariff for footwear and 40% for textiles that enter the country at a value equal to or lower than a predetermined threshold.
In 2016, the value of imported clothing and accessories totaled $1,279 million, 13% less than imports in 2015.
Figures from the information system on the Apparel and Clothing Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
In 2014 a special unit was created to deal with complaints about the marketing of fake garments, and since then it has received an average of five complaints a month.
The market for fake clothing brands in the country has been growing, according to the authorities at the Economic, Tax and Customs Crimes Prosecutor's office, which claims to receive five complaints per month.
The Colombian firm Arturo Calle has announced the opening of a store in Oakland Mall, and plans to open three more stores in the next two years.
<span dir="ltr">The company which designs and sells menswear has announced its arrival in Guatemala, where it will be setting up a store in Oakland Mall.
Trade authorities in both countries have announced that before the end of the first half of this year the trade agreement that has been under negotiation since 2013 could be signed.
This is the third round of negotiations to finalize a Partial Scope and Economic Complementarity agreement between El Salvador and the Republic of Ecuador.
español
2011
