just-style authors and correspondents
Ivan Castano Freeman
Articles by Ivan Castano Freeman
Nicaragua's apparel industry is expected to grow 8% to $1.5bn this year, fuelled by rising exports to the US. But while the numbers are encouraging, there are fears they may not last long.
Central America is increasingly nervous about Vietnam's participation in the Trans-Pacific Partnership (TPP) trade talks, with some experts claiming its inclusion could bring losses of around $6bn to its bread-winning textiles and apparel sector.
Mexico is working to grow and internationalise its fashion industry - but observers say it faces huge challenges to achieve that goal.
Mexico's shoe industry continues to blame its woes on China - demanding the government act to quell a flood of imports which trade leaders say could force the shutdown of hundreds of factories.
Some 600 footwear industry leaders will gather in Leon, Mexico in November to mull strategies to grow the industry and tackle illegal commerce, particularly stemming from China and Asia, according to industry executives.
Peru plans to double its textile and apparel exports by 2017 and invest over $60m to promote its key designer brands in international markets.
Louis Vuitton, Gucci and Salvatore Ferragamo are Latin America's leading luxury brands, according to industry observers who add the region's elite follow global trends when it comes to choosing their favourite labels.
Latin America's luxury apparel market is poised for strong growth - yet high import tariffs in some countries, most notably Brazil, and a large counterfeit trade in Mexico could keep some brands at bay, industry observers say.
After more than doubling its growth rates between 2008 and 2012, Brazil is the darling of Latin America's luxury apparel and goods market. Last year, the market for designer clothing and footwear grew 7.3% to $2.6bn, while sales of luxury accessories increased 4.5% to 1.2bn.
It's no secret that China continues to steal the bulk of the world's luxury apparel and goods sales, accounting for some 50% of the total. But with China's growth rate forecast to slow in 2016, luxury houses could be forced to expand in other markets - with Latin America topping that list.
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- Textile Wholesaling in the UK - Industry Market Research Report
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- Plunkett's Apparel & Textiles Industry Almanac 2014: Apparel & Textiles Industry Market Research, Statistics, Trends & Leading Companies
- Survey of the European Fabric Fairs: Spring/Summer 2015