Released on = June 5, 2007, 3:57 am

Press Release Author = Bharat Book Bureau

Industry = Marketing

Press Release Summary = Brazil is the sixth largest textile and clothing producer in
the world. Textiles and clothing are, in turn, important to Brazil's economy. In
2004 the total production value of the textile and clothing sector was equivalent to


Press Release Body = Prospects for the Textile and Garment Industry in Brazil

Brazil is the sixth largest textile and clothing producer in the world. Textiles and
clothing are, in turn, important to Brazil's economy. In 2004 the total production
value of the textile and clothing sector was equivalent to 4.1% of Brazilian GDP.
Its made-up sector-comprising clothing, hosiery and home linen-is second in size
only to the service industries.

After dramatic job cuts during the 1990s, employment in the textile and clothing
industry reached a low point in 2002. Since then, however, it appears to have
recovered and by 2005 it had reached 1.5 mn. The clothing sector is dominated by
small enterprises, which produce an average of less than 20,000 pieces per month
each. Despite continuing problems related to the country's debt, global confidence
in Brazil's economy is growing. Total foreign direct investment in Brazil jumped
from US$10.1 bn in 2003 to US$18.2 bn in 2004. Investment in the industry itself
reached US$17.4 bn between 1990 and 2005. For the period between 2006 and 2008,
investment is forecast to reach US$4.7 bn-which does not include a forthcoming
project for developing polyester fibre production. Unlike highly industrialised
countries which have already optimised their textile and clothing industries, Brazil
can still do much to advance and strengthen its position. A lot will depend,
however, on government policies.


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