The Lima Chamber of Commerce (CCL) He warned that other textile import industries, in addition to China, have burst into the Peruvian market in recent years. They are Bangladesh, Colombia, Vietnam, Turkey, Cambodia, Pakistan, Honduras, Ecuador, Thailand, Myanmar and Sri Lanka.
According to a study by the Institute for Research and Development of Foreign Trade of the Lima Chamber of Commerce (Idexcam), the Asian giant, by far, remains the main supplier of clothing for Peru. However, the gap with its competitors has narrowed.
“Its gigantic industry stands out compared to other countries worldwide that are involved in this sector, but if we look at the growth in percentage terms of its other competitors, we can see that its growth is to be careful,” says Carlos Posada , director of Idexcam.
Examples of this are Colombia, which registered a growth of 66%; and Vietnam, with 28%. It is followed by Turkey (+57%), Cambodia (+13%), Pakistan (+32%), Honduras (+478%), Ecuador (+104%), Thailand (+74%).
“All these countries mentioned above, although it is true that they are far from the values registered by China, have had an outstanding growth behavior,” the report refers.
Chinese shirts, pants and polo shirts in Peru
To show how much these supplier countries have occupied in the Peruvian apparel market, Idexcam has investigated the imports of the three main product lines of this subsector: pants of cotton, shirts and blouses cotton, and t-shirt cotton (poles).
imports from Cotton pants 56% come from China. But, in terms of growth is where everything changes: Bangladesh registers a growth of 12%, while Pakistan of 21%. Turkey follows, with 95%; Colombia, with 148%; Cambodia, with 17%; Vietnam, with 23%; Sri Lanka, with 8%; Myanmar, with 28%; and Honduras, with 72%.
imports from cotton t-shirt 37% come from China, while 52% come from the aforementioned countries. However, as with cotton pants, if we check the growth rate, the following results are obtained: Bangladesh is one of the few that registers a drop of 4%; while Vietnam grew by 95%, followed by Pakistan (72%), Turkey (12%), Honduras (566%), Colombia (27%) and Sri Lanka (38%).
On the other hand, imports of cotton shirts 57% come from China. Let’s see the growth rate of the mentioned countries: Cambodia registers an increase of 106%, and Turkey of 131%. They are followed by Colombia (104%), Myanmar (27%), Sri Lanka (44%), Pakistan (1,064%), Thailand (1,245%) and Ecuador (39%).
“The Asian giant is one of the countries that invests the most in research and development, and it does so in the different industries in which it stands out, including textiles and clothing. However, this does not prevent other countries from snapping at its heels. In recent years, several countries, both in Asia and Central and South America, have been growing in the industry”, concludes the CCL.
Source: Larepublica
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