Brazil's fast-growing economy and the population's buoyant spending
have resulted in a large increase in textile and clothing consumption
per capita in the country, and this has provided a big boost to
production, according to a report in Textile Intelligence's Textile
Outlook International. During 2005 to 2010, textile and clothing
production in Brazil rose by 25.2%, and this trend is expected to
continue. The industry is prominent in world terms and fulfills a
central role in the country's manufacturing sector. In 2010, it
produced 2.25 million tons of textiles and 1.96 million tons of
made-up articles, making Brazil the world's fifth largest textile
producer and fourth largest clothing producer.
Moreover, there has been a sharp increase in domestic demand as
personal disposable incomes have risen, and this has manifested itself
in an impressive 50% rise in fiber consumption per head during the
five years to 2010, notes the UK-based business information company.
The increase in domestic demand has been met partly by a surge in
imports, but domestic production has increased at an even faster rate.
Such fast growth has spurred a surge in acquisitions of new and more
modern machinery by Brazilian manufacturers in a bid to increase
productivity. As a result, the industry is becoming more capital
intensive and has seen a reduction in its labor costs.
The industry also benefits from local sources of raw materials,
especially cotton; yields have risen to the point where they are among
the highest in the world, and Brazil has become a major cotton
exporter.
Not surprisingly, cotton continues to dominate fiber consumption by
Brazil's spinning mills, and the country has become the world's second
largest producer of denim fabric, says Textile Intelligence.
However, the scope for expanding synthetic fiber output and
consumption is expected to increase considerably in the future as a
result of developments in the country's oil industry. At the same
time, costs are likely to be markedly lower and this should provide
users of synthetic fibers in the textile and clothing industry with
substantial benefits in terms of availability and costs, according to
Textile Intelligence.
Despite increases in production and consumption, Brazil still has
enormous potential for further growth - economic progress in the past
has tended to be erratic and be devilled by rampant inflation. But
today, the country appears to be on a steady and sustainable upward
path and this should lead to an even better outcome for the Brazilian
textile and clothing industry, Textile Intelligence says.
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Brazil's fast-growing economy boosts its textile and clothing industry
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