Peru'S Textile And Garment Industry Is Heading For New Markets In Europe And Latin America.

In 2011, Peru's textile and clothing industry experienced strong growth, thanks to strong consumption and dynamic export drive, said Jones Lewis, the president of the ACOTEX Clothing Committee. "Peru"

Peroni predicts that domestic sales will rise by 10% over last year's 2 billion US dollars, while exports will rise by 12% to 1 billion 600 million US dollars, because Peru will continue to rush to new markets in Europe and Latin America.

Peroni said, "this year will be a wonderful year.

China's competitiveness is declining, allowing the local market to develop, many

China's rapidly rising domestic demand and severe procurement situation allow Peru's clothing manufacturers to increase their market share.

In the past few years, due to intense competition in Asia, Peru's

Peroni said sales will increase by 30% this year to $650 million and sales in 2010 will be $500 million.

The movement of anti low value and low quality Chinese clothing (000902, stock bar) launched by industrialists and consumers has weakened the reputation of Chinese products.

Meanwhile, Peru's strong economic growth has increased domestic consumption, and many supermarkets and stores have provided opportunities for the growth of local brands.

To cope with the rising demand, manufacturers in Peru have improved their rules of the game and produced a large number of fashionable garments, which are of higher quality and can be delivered ahead of schedule, Peroni said.

In recent years, the textile industry in Peru has sharply increased investment and packaged itself as an added value and more high-end.

Peroni said that this year's export growth will come from the country's efforts to push ahead with the new market.

The United States remains the largest buyer of traditional Peru, and its share of exports to the United States dropped from 70% a few years ago to 58%, thanks to export growth to Europe and Latin America.

Venezuela, Germany, Italy, Britain, France, Germany, Columbia and Brazil have become a bigger market for textiles and clothing in Peru, Peroni said.

In 2011, Peru's investment in the textile and clothing industry will exceed $150 million last year, because the local brands develop their distribution rights, Peroni said.