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argentina textile industry Essay

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Argentine textile industry: An export snapshot

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Writuparna Kakati | 01 Aug, 2008
What is Argentina? "Batter that has not become a cake", says Gabriela Nouzeilles and Graciela R. Montaldo in their co-authored book 'The Argentina Reader: History, Culture, Politics'. Argentina is the nation that used to be among the richest in the world, with the largest middle class in Latin America, yet that entered the twenty-first century seething with economic crisis
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During 2004, the textile sector grew 75 percent, the highest growth recorded for any industry sector in the Argentine economy that year. Positive activity continued through 2005 & 2006 due to consumption booms, driven by increased general purchasing power and rapidly growing inflows of tourists buying Argentine textile and apparel products.

The total Argentinean textile market is estimated to be worth US$ 12 Billion. The clothing industry of Argentina is expected to grow steadily in the coming years in view of the growing demand for high fashion garments and its exports and the dynamic local retail sector consisting of local and foreign players. Argentina’s clothing preferences have leaned towards designs and brand names which are important, especially to the younger generation who are influenced by the US life styles and friends.

The all Apparel industry is fragmented and more than 65% is run by small family units employing on an average 50 people. The Argentinean textile and garment industry though self sufficient to an extent still heavily depend upon import of synthetic fibres and fabrics and novelty
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