• Categories
  • Archives

Brazilian Fashion Expected to Grow 15% in 2005

The sixth edition of Fashion Business, an exchange mart for Brazilian fashion, was officially inaugurated, yesterday, June 15, in the Museum of Modern Art, in Rio de Janeiro.

The fair runs parallel to the seventh edition of Fashion Rio, in which the new spring/summer models are displayed.


The superintendent of the Brazilian Micro and Small Enterprise Support Service (Sebrae-Rio de Janeiro), Sérgio Malta, predicts a 15% sales growth in the Brazilian fashion sector this year, compared with last year, when domestic sales totaled R$ 300 million and exports, US$ 5.5 million.


The vice-president of the Federation of Industries of the State of Rio de Janeiro (Firjan), João Lagoeiro Barbará, recalled that the state of Rio is the country’s third largest clothing exporter, trailing Santa Catarina and São Paulo.


The sector experienced a 24% overall sales growth in the state in 2004 (US$ 7.7 million or 19.6 million reaus). This percentage surpassed the sector’s national average rate of export growth, which was 17.7%.


The first edition of Fashion Business, in February, 2003, generated domestic transactions worth US$ 61 million (150 million reaus).


The trend since then has been upward, attaining US$ 102 million (250 million reais) in January, 2005. Barbará said he expects that the 2005 edition will result in between US$ 143 million (350 million reais) and US$ 163 million (400 million reais) worth of business.


ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s Petrobras Has Record US$ 9.7 Billion Net Profit in First Half

Brazil state-controlled oil and gas multinational Petrobras had record profit in the second quarter ...

Rio Answers to 11% of All Brazilian Exports. US Is Main Destination

Exports from the state of Rio de Janeiro grew 31.5% in the first half ...

A Forum in Brazil to Debate Women’s Role in Technology

The 1st Forum on Women in the Technology Field began this week in the ...

IATA Expels Varig and Brazilian Airline Stops Flying to 11 Overseas Destinations

The situation at Varig Brazilian Airlines has deteriorated substantially, today, June 21. For lack ...

Brazil to Grow a Mere 2.3% in 2005, Says IPEA

Latin American markets gained ground, with Brazilian stocks posting the biggest gains on hopes ...

The Old Boys (and Girls) from Brazil

The proportion of Brazil’s elderly is increasing more rapidly  than that of children. In ...

Brazil Government Debt Stable at 51.7% of GDP

Brazil’s net government debt remained stable in March at US$ 481.83 billion (R$ 1.021 ...

Brazil’s Embraer Promotes Top of Line Jets af Internationl Fair

Brazilian aircraft maker Embraer is going to participate in the Idex fair for the ...

McDonald’s Vows to Investigate Charges that It Is Destroying Brazil’s Amazon

In an official note, the McDonald’s global fast-food chain informs that it will "immediately" ...