Iran’s domestic demand for apparel stands at 510,000 tons, while annual production is around 385,000 tons per year, according to the vice chairman of Iran's Textile and Apparel Production and Export Union.
“The sector’s turnover cannot be accurately calculated due to the fluctuations in foreign exchange rates as well as changes in the Iranian household expenditure basket. Yet, we estimate it to hover between $6 billion and $8 billion annually,” Majid Nami was also quoted as saying by Mehr News Agency...
July 13, 2021 19:07
0
Challenges Facing Domestic Apparel Sector Scrutinized
The Headquarters to Combat Smuggling of Goods and Foreign Exchange puts the value of apparel smuggled into Iran at $600 million per annum, but the Textile and Apparel Production and Exports Union says the volume is much higher at $1.8 billion
You can also read ...
Add new comment