gloomy prospects for Moroccan textiles

“This pandemic has hit the textile and clothing sector very aggressively,” laments the president of the Moroccan Association of Textile and Clothing Industries (AMITH). And Mohammed Boubou continues: “Practically all of Europe is confined to this day, especially since the new variants of the Covid are in the process of causing massacres on this continent. As our activity is closely linked to Europe, which is our main market, our sector will continue to suffer from this situation ”. “Our minister has done what is necessary to protect the local market as much as possible, especially with the review of the free trade agreement; unfortunately, Turkey has devalued its currency, so we are still at the starting point ”.

The consequences will be dramatic if the health situation in Europe does not improve very quickly, as the local market will not be able to balance the balance and cushion losses in this sector, notes Today Morocco. In this situation, manufacturers are considering all the possible solutions to deploy and the horizons to explore in order to diversify partners and take advantage of best practices on an international scale. Thus, indicates the daily, they are sparing no effort to regain their position in the American market and in the Scandinavian countries.

It should be noted that in export, the textile sector lost 6.21 billion dirhams of its turnover at the end of November. Thus, the value shipped stood at 28.25 billion dirhams against 34.47 billion dirhams achieved in the same period of the previous year, a decrease of around 18% year-on-year. “If ever this pandemic lasts even longer, we must know how to adapt more”, warns the president of AMITH.

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