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Presentation made by Mr Juan Carlos Prato, VESTEX (Assn of Textile & Garment manufacturers), Guatemala at the India LAC Investment Conclave. The conclave is being organised by FICCI in New Delhi. More details at indialacconclave.com
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GUATEMALA APPAREL AND TEXTILE INDUSTRY
INDUSTRY IN GUATEMALA• Guatemala is the largest country of the Central American region,
both in terms of production (GDP) that amounts to US$55 thousand million, and in terms of a population of 15.6 million inhabitants. It is also the most diversified economy.
• The apparel and textile Industry represents 4% of the country´s production (GDP) and 19% of industrial production (industrial GDP).
• The apparel and textile sector includes 149 apparel manufactures, 39 textile mills, and more than 200 services and trimming companies and 18 agents.
• The industry generates more than 90,000 direct and indirect jobs, of which 46% are held by women.
INDUSTRY ADVANTAGESo This industry believes in performing responsibly and for
that reason it abides by national and international laws.o The apparel and textile industry in Guatemala has
evolved over the years to meet customer needs: in response time, quality, supply chain integration
and technologyo The country has 12 active Free Trade Agreements with
USA, México, Panama, Colombia, Chile, DR, Customs Union with El Salvador, Ecuador, Belize, Cuba, Venezuela, Taiwan, EU.
o The evolution of this industry has strengthened the value chain of our goods, leading to export higher quality goods that bring greater benefits to the country.
EXPORTS OF GUATEMALA 2012-2013
0.0
200,000.0
400,000.0
600,000.0
800,000.0
1,000,000.0
1,200,000.0
1,400,000.0
1,600,000.0
Apparel & Textile
Sugar Coffee Banana Metals Oil and fats Bevarages Dryed fruits
Plastics Petroleum
Year 2012 1,414,551.2 803,015.0 958,113.3 499,847.3 612,930.5 360,978.3 321,511.2 204,886.6 299,242.9 291,675.6
Year 2013 1,512,048.3 941,901.9 714,522.7 623,435.2 482,676.1 361,835.5 338,005.8 303,426.6 290,397.7 277,345.4
Millions of US
Top products produced in Guatemala
70% of exports
INDIA as a potential investor in Guatemala
October 2014
FIBER IMPORTS TO GUATEMALA
Imports from Asia Region 10.92%
YARN IMPORTS TO GUATEMALA
Imports from Asia Region 33.08%
FABRIC IMPORTS TO GUATEMALA
Imports from Asia Region 60.73%
TRIMMINGS IMPORTS TO GUATEMALA
Imports from Asia Region 28.38%
Facts & PotentialoGuatemala imports more than than a third of its raw
material in order to integrate its supply chainoGuatemala has the largest appare & textile industry within
the regionoAs a strategy Guatemala is focused into accessing new
markets such as Europe and México. The rules or origin varies in each trade agreeement which represents an opportunity of sourcing for new raw material
oGuatemala has a lack of textile offer, therefore the imports focused more into fiber, yarns and fabric
oThe total imports of Guatemala are 530 million US dollarso India´s market share of the imports is 26 million US dollars,
which represents 5% of the market shareoNeed of synthetic and cotton textile mills in Guatemala as
the region
The only apparel and textile
tradeshow in the region is held in Guatemala and
organized by the Association