Abstract
Argentina is a major-sized textile and clothing (T&C) producer with indigenous
cotton and wool supplies,
a wide range of small and medium-sized
enterprises (SMEs) and a developed fashion and design industry.
However,
it is outside the small group of global industry heavyweights and has suffered
significant
downsizing in recent years, given the limited size of the
domestic market. BMI ranks it as number 25 in
the world in terms of T&C
manufacturing value added. In nominal terms we estimate that to have been
worth US$4.43bn in 2008. We expect the industry to endure further hard times
as it seeks to navigate a
way through recession in 2009 and 2010. Further
consolidation and restructuring is on the cards.
Overall Argentina T&C
value added will fall by 7.3% in 2009, and again by 4.3% in 2010, reflecting
very
difficult international economic conditions. We see T&C continuing to
contract in 2011. The industry’s
trade performance will also reflect
the especially difficult international economic situation. T&C exports
will fall by 29.2% to US$309mn this year, with imports dropping 34.9% to
US$1.13bn. The industry
balance of trade will, therefore, show a deficit
of US$822mn.
| 
View Cart
