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Brazil Textiles and Clothing Report Q4 2009Published by: Business Monitor International Published: Oct. 15, 2009 - 45 Pages Table of Contents
AbstractBrazil is a major textile and clothing (T&C) producer, with a large and dynamic domestic market,indigenous raw material supplies (including cotton and synthetic fibres) and significant future potential,as exports are still small compared to total output. BMI ranks it as number 15 in the world in terms ofT&C manufacturing value added. In nominal terms we estimate that to have been worth US$11.1bn in2008. Like the rest of the global industry, Brazil faces two difficult years in 2009 and 2010, marked bythe global recession. However, we believe the local market will prove quite resilient and a number ofcompanies will experience the comparative luxury of slower growth, rather than an absolute contractionin sales.Overall, Brazil’s T&C value added will fall by 1.0% in 2009, but return to positive growth withexpansion of 6.5% in 2010. This will reflect difficult international economic conditions, but also Brazil’srelative resilience. We see the recovery gathering pace from 2011, with growth of 7.1%. The industry’strade performance will also reflect the especially difficult international economic situation. In 2009, totalT&C exports will fall by 17.4% to US$1.76bn, while imports will fall by 16.7% to US$3.46bn. As aresult the T&C trade deficit will be US$1.70bn. Get Full Details About This Report >> |
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