According to media reports, the Argentine Textile Industry Promotion Foundation (Fundasdfssdfscion ProTejer) reported that Argentina’s textile industry has returned to pre-COVID-19 levels, with an estimated investment of US$200 million in 2021. At the same time, it was pointed out that the Argentine textile industry has great potential. Although about 25,000 job opportunities were lost between 2015 and 2019 and the number of illegal employees increased, the textile industry has re-provided 2,500 vacancies in 2021.
Investment in Argentina’s textile industry from January to September 2021 was the same as in 2015. Compared with 2020, it increased by 94%. Among them, the utilization rate of textile industry equipment was higher than that in 2019. An annual increase of 2.7%.
As for the import of Argentina’s textile industry, it showed growth compared with 2019, but the structure is different. Due to the increase in demand, the import of textile spare parts and consumables increased, and the textile industry Imports of finished products fell. ProTejer Secretary-General Lucia Gasdfssdfsno Gasdfssdfslfione said that the import of capital goods will hit a new record this year, and the industry outlook is optimistic. For this reason, Gasdfssdfslfione believes that it is necessary to continue to consolidate the domestic market and move towards export sales.
60% of Argentina’s textiles are imported, of which synthetic fibers and cotton have increased by 70% and 100% respectively, and freight has increased by 6 times. </p
