The most recent data from the Guatemalan textile production sector point to a drop in exports of around 15% at the end of this year, due to lower demand from customers in the United States, which is the main buyer, which would be associated with the effects of inflation and the measures adopted by the Federal Reserve (Fed) regarding interest rates.
The 32nd edition of the Apparel Sourcing Show (APSS) reaffirms this resilience. It is the only regional fair specialized in this industry and this year highlights the sustainability and innovation of the Guatemalan cluster.
With a consolidated ecosystem in the textile industry , Guatemala competes and positions itself as a strategic supplier in the “big leagues” of the sports market. From uniforms to fan apparel, products reach the NBA, NHL and MLB.
The U.S. Embassy reported that the U.S. and Guatemala committed to formalize a work plan to develop Puerto Quetzal, including additional feasibility studies, design planning and training by U.S. experts for the local infrastructure workforce.
