Emerging African countries are becoming increasingly popular sourcing hubs in the global textile and apparel market. While some countries are enjoying the success of the fast-developing textiles sector and increasing apparel export earnings, others are still struggling to keep the industry afloat. Details about the industrial growth in Tanzania and the struggle in Zimbabwe are some of this week’s top stories on BizVibe. BizVibe is the world’s smartest B2B marketplace and allows users to discover high quality leads, contact prospects, and source quotes. Register today to connect with over seven million companies around the globe.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170413006245/en/
Tanzania’s Textile and Apparel Industry Grows Thanks to Rising Cotton Production
The textile and clothing industry in Tanzania has enjoyed a substantial growth over the recent years, mainly driven by its low production cost, preferential trade access, improving industrial infrastructure, and ample availability of raw cotton.
Increasing cotton production is one of the main factors to drive the industry. The estimated cotton production in the country is likely to be 300,000 tonnes for the 2017 season. Figures also show that the total value of Tanzania’s cotton exports rose by 55% in 2016, reaching USD 46.8 million from USD 30.2 million a year ago. Today, Tanzania is also the world’s fourth largest producer of organic cotton.
Connect with the top cotton companies worldwide listed on BizVibe
Zimbabwe’s Apparel Industry Struggles Despite Apparel Exports Increase
Zimbabwe’s textile and apparel manufacturing sector has experienced a significant growth over the past five years, with export values growing from USD 3.1 million in 2012 to USD 8.2 million in 2016, representing an impressive growth rate of 165% over the five-year period.
However, the growing export value doesn’t really change the fact that the country’s textile and apparel industry is still facing some huge challenges, such as the country’s bad economy performance, incompetence with cheap imports, low productivity, out of date technology, lack of investment and government support, etc.
Connect with the top textiles companies in Africa listed on BizVibe
Connecting with textile companies on BizVibe
In addition to textile and apparel companies in Africa, BizVibe is home to over 150,000 textiles and apparel companies across all sectors. Connecting with any of these companies is simple thanks to the aggregating, categorizing and parsing of data from thousands of sources using machine learning tools and several sophisticated algorithms. This advanced match-making program provides the user with a full set of inbuilt tools designed to connect like-minded business with one another.
BizVibe allows you to discover the highest quality leads and make meaningful connections with your companies of interest in real time. Claim your company profile for free and let BizVibe connect you with potential business partners around the world.
BizVibe is home to over 7 million+ company profiles across 700+ categories. The single-minded focus of BizVibe’s platform is to make networking easier. Over the years, we've searched far and wide to figure out how businesses connect and enable trade. That first interaction is usually fraught with the uncertainty of finding a potential partner vs. a potential nightmare. With this in mind, we've designed a robust set of tools to help companies generate leads, shortlist prospects, network with businesses from around the world and trade seamlessly.
BizVibe is headquartered in Toronto, and has offices in London, Bangalore and Beijing. For more information on the BizVibe network, please contact us.