Spanish companies have opted to shift their production base away from
China due to the increasing cost of production in the Asian country, on
the back of rising salaries of the workers, hike in transportation costs
and problems in raising capital..
.
At present, Portugal is turning out to be one of the most competitive
countries for producing apparels, according to Spanish Federation of
Clothing Manufacturers (FEDECON)..
.
In 2011, Spanish textile and apparel sales declined by nearly 4 percent, as per FEDECON figures..
.
FEDECON said it is necessary to boost the country’s textile and apparel
sector, which currently employs about 170,000 people, and urged the
Government to introduce policies so that small and medium enterprises
SMEs) can have greater access to credit facilities..
.
The weak domestic demand for textiles and apparels has led to a
“significant slowdown” in the revival process that had begun in
mid-2010, according to a report released by the Centre for Information
on Textiles and Clothing (CITYC)..
.
However, there was a 15 percent jump in Spanish textile and apparel
exports to €9,800 million last year. Maximum growth was witnessed in
exports to Asian and American countries, but EU still accounts for
two-thirds of total Spanish textile and apparel sales..
.
In 2011, Spanish textile and apparel imports are estimated to have
increased by around 12 percent to €14,900 million. Nearly half of these
imports were from the Asian countries”
Date:2/6/2012
Source:http://www.mrketplace.com