Related Keywords: African market, economic flux, UK textile exporter
The African market is absolutely important; with large UK textile-sorting merchants send around 65% of their material there. The devaluation of African currencies against the pound is causing a build-up of textile stock in the UK, according to industry experts.
Martin Wilcox, director of textiles recycler JMP Wilcox, said that the African market is in “serious trouble”, with the Nigerian border closed for imports causing major problems in West Africa.
