Between 2005 and 2010, textile and clothing production in Brazil
rose by 25.2 percent and this trend is expected to continue. In 2010,
the country produced 2.25 million tons of textiles and 1.96 million tons
of made-up articles, making Brazil the world’s fifth largest textile
producer and fourth largest clothing producer .
.Domestic demand has increased sharply as personal disposable
incomes have risen, causing a 50 percent rise in fiber consumption per
capita between 2005 and 2010. The increase in demand has been met by a
surge in imports combined with rapid growth of domestic production .
.Such fast growth has spurred acquisitions of new and more modern
machinery by Brazilian manufacturers. As a result, the industry is
becoming more capital intensive and has seen a reduction in its labor
costs .
.The industry also benefits from local sources of raw materials,
especially cotton. Yields now are among the highest in the world, and
Brazil has become a major cotton exporter .
.Cotton continues to dominate fiber consumption by Brazil’s
spinning mills and the country has become the world’s second largest
producer of denim fabric .
.The expansion of synthetic fiber output and consumption is
expected to increase considerably in the future as a result of
developments in the country’s oil industry. At the same time, costs are
likely to be markedly lower and this should provide users of synthetic
fibers in the textile and clothing industry with substantial benefits in
terms of availability and costs .
.Brazilian economic progress has tended to be erratic and
bedevilled by inflation. Today, though, the economy appears to be on a
steady and sustainable path, producing positive expectations for
Brazil’s textile and clothing industry. .
Date:2/6/2012
Source:http://www.mrketplace.com