gateway

Wednesday, 23 February 2022 13:05

Latin American apparel exports to increase sharply

Rate this item
(0 votes)

Latin America’s apparel exports are expected to increase sharply this year as the US incrases orders to the region. However, raw material shortage may scupper these gains, say experts. Raul Garcia, an industry expert affirms, apparel sales may increase 10 per cent this year as US buyers continue to engage in near sourcing and seek competitive places such as Mexico.

Mexico’s shipments may rise to $7 billion this year, predicts Garcia predicted as brisk sales of knitwear, T-shirts, polo shirts, lingerie, underwear and socks will fuel exports, according to a Women’s Wear Daily report. Denim and denim products exports may also rise to benefit manufacturers in La Laguna industrial hub which houses factories of Levi’s and Wrangler, adds Garcia.

However, the industry is demanding a more flexible rules of origin under the USCMA agreement as a lack of fabric, notably synthetic yarn and thread, makes it difficult for suppliers to meet orders. Central America’s exports to the US may also surge around 10 percent, according to Juan Sánchez, Owner, Texsun. However, like Mexico, the country is also facing raw materials shortages that are undermining shipments