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Tunisia Textiles and Clothing Report Q4 2009Published by: Business Monitor International Published: Sep. 14, 2009 - 40 Pages Table of Contents
AbstractTunisia is a small-sized T&C producer, with its main strength in garments production for retail outlets inthe European market on the other side of the Mediterranean. BMI ranks it as number 58 in the world interms of T&C manufacturing value added. In nominal terms, we estimate that to have been US$1.63bn in2008. The industry is quite heavily dependent on the import of textiles raw materials and is relativelyyoung, having developed over the last three decades. Tunisia runs a significant textiles trade deficit, offsetby a surplus on the clothing side. BMI believes that the industry is being hit hard by the global economicslowdown, as it is very dependent on European demand and exposed to losing market share to lower-costAsian competitors. We see T&C value added falling by 7.6% in 2009 and by 3.3% in 2010, beforerecovering in 2011 at 6.9%.The fall in value added and output reflects tough international economic conditions and some loss ofmarket share. It now looks as if the biggest impact of the recession was in H109, with signs ofstabilisation at a lower level of demand beginning to be felt in H209. We see a quite strong recoverysetting in from 2011, with growth of 6.9%. The industry’s trade performance will also reflect theespecially difficult international economic situation. Tunisian exports to Europe will face falling demandand tougher competition for market share. Get Full Details About This Report >> |
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