Spain’s textile industry begins to recover, with exports increasing by 5.2% in 2013
Business News on March 12
Affected by the economic crisis, the Spanish textile and garment industry has been in a slump, and many well-known companies have gone bankrupt one after another. However, new data shows that as the Spanish economy continues to improve, the textile market is gradually picking up.
According to data from the Spanish Textile Industry Federation, in 2013, the Spanish textile industry output increased by 1.1 percentage points after two consecutive years of decline, and exports increased by 5.2 percentage points.
According to data from the Textile Industry Association, in addition to output, the number of corporate investments has also increased after several years of decline. This is also one of the signs of the recovery of the textile market.
In 2013, there were 4,642 textile enterprises, a year-on-year decrease of 2.7 percentage points, and the number of employees totaled 48,648, a year-on-year decrease of 3.2 percentage points. In 2013, the exports of Spanish textile companies increased by 5.2 percentage points, totaling 3.373 billion euros.
It is understood that the economic crisis from 2008 to 2012 seems to have had a serious impact on the Spanish textile and apparel industry. According to a foreign media research report, sales volume in the Spanish textile industry fell by 21% in four years. , a total of 4,158 textile and apparel companies closed down, resulting in the loss of 46,300 jobs.
Data from the Spanish National Statistics Institute show that in 2012 alone, 1,052 textile and garment companies in Spain ceased operations. Among them, 294 companies in the textile industry closed down (5.3% of the spinning industry, 4.6% of the textile production and manufacturing and other textile industries, and 3.7% of the fabric processing companies ceased production), and 758 factories in the clothing industry closed down (10.2% Fur processing companies, 8% of sweater companies, and 7.7% of clothing processing companies have stopped production). Spain’s Victorio & Lucchino Company and Hakei Company are famous clothing companies that filed for bankruptcy during the economic crisis. This year, Spanish textile companies have continued to file for bankruptcy. For example, Spain’s Candy Galician Textile Group has been required to restructure its debt.
Faced with the sluggish development of the domestic textile industry, on the one hand, some textile companies such as Inditex Group, one of the four major fashion chain organizations, which owns Zara, Massimo Dutti and other brands, as well as Desigual, Mango, etc., have recently In the past two years, it has turned its attention to some emerging markets such as Middle Eastern countries and Russia, and its product exports have also increased day by day. On the other hand, this year, various autonomous regions in Spain have successively set up textile and clothing development plans, strengthened employee skills training, and relied on international forces to revitalize the development of Spain’s domestic textile industry.
The Castilla La Mancha Autonomous Region has faced difficulties in the development of its textile industry in recent years, and has lost nearly 6,000 jobs so far. The textile industry in Castile once employed 10,000 people, but now has fewer than 4,000. Faced with the current situation of industry development in the region, the Federation of Castile Textile and Clothing Entrepreneurs held a seminar to emphasize the importance of developing the region’s textile industry and strengthening international trade and increasing vocational skills training.
Felix Bellido, president of the Confederation of Entrepreneurs of Castile (CECAM), said that members of the Confederation of Entrepreneurs will analyze and take feasible measures to promote the trade development of the textile and clothing industries in the region. Members of the association believe that the growth of the textile and garment industry depends largely on the quality of the products and whether the products have differentiated characteristics. To this end, it is necessary to expand investment in vocational skills training for corporate employees. Create better products.
They also discussed what kind of training should be adopted in Castile to increase the production capacity of local enterprises. The Federation of Entrepreneurs of Castile believes that although Spain is currently facing the impact of the financial crisis, the textile and garment industry in the region still has the potential to create more job opportunities, and textile and garment entrepreneurs should be encouraged to take necessary actions and strive to increase employment to promote the development of the textile industry.
The Spanish Ministry of Textiles believes that the European market is still the core market for Spanish textile exports, but the current Spanish domestic market is still facing a crisis, coupled with the downturn in the external European market, which has inspired textile companies to extend their tentacles to emerging markets. This is not only reflected in direct sales, but also in distribution and external cooperation.
(Article source: China Industry Research Network)
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