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Myanmar: re-emergence as a global clothing exporter
published in Issue 179, April 2016
Myanmar is impressing the world by the speed of its transition from a closed economy to a fast growing open economy. Indeed, forecasters have predicted that Myanmar could more than quadruple the size of its economy between 2010 and 2030. The country was excluded from global sourcing networks for nearly a decade because of economic sanctions imposed by a number of countries. However, most of these sanctions have now been removed, foreign direct investment (FDI) in the garment industry has grown at an impressive rate, and there is likely to be a surge in the number of jobs in the garment industry and in the value of the country's garment exports. In order to plan for such expansion, the Myanmar government has published a textile and garment industry sector strategy which includes plans to increase production volume, to improve quality and to develop design expertise. This report looks at the development of the textile and clothing industry in Myanmar, its size and structure, and fibre, textile and clothing production. The report also features a wealth of information relating to: garment and manufacturing equipment in Myanmar; companies sourcing from Myanmar; Myanmar's clothing exports and export strategy; the domestic market; and FDI and domestic investment. Furthermore, the report includes: an analysis of how Myanmar's infrastructure, employment, labour costs, education and training affect the textile and clothing industry; a profile of Prosperity Knitwear Myanmar; and forecasts of the future prospects of Myanmar's textile and clothing industry.
Six times a year, Textile Outlook International provides up to 200 pages of expert comment and analysis. A subscription provides an overview of the global fibre, textile and apparel industries. It is essential reading for senior executives in the fibre, textile and apparel industries and for anyone who is not involved in the industry, but needs to quickly gain an understanding of the key issues.
Reports in Textile Outlook International include:
country profiles providing a comprehensive guide to the textile and clothing industries in a range of countries and regions. The reports include an economic and political profile together with a comprehensive overview of the main issues, plus an outlook for the future.
company profiles giving you the opportunity to learn from strategies employed by others. Companies profiled recently include retailers, manufacturers, innovators and sourcing companies involved in textiles and apparel as well as smaller companies which illustrate the opportunities for firms which are interested in selected sourcing locations.
trends in world textile and apparel trade and production taking into account current issues facing the industry such as global fibre prices; competition from China and other low cost countries; the elimination of quotas and imposition of selective new ones; relocation of production operations; the impact of economic factors affecting trade; international trade agreements; trade promotion agreements (TPAs); and much more.
trends in EU and US imports of textiles and clothing providing comprehensive statistical data and analysis of the top ten supplying countries to the EU and US markets. These reports are updated each year and contain value and volume data as well as average prices and analyses of trends for up to 15 product categories.
innovations, technological developments, business development opportunities, individual sector analysis and political implications which affect players in the global fibre, textile and apparel industries. Some of the topics which have been covered in recent reports include: new innovations in the textile and clothing industry, such as environmentally friendly textiles, plant based fibres, and developments in textile colorants; innovations in textile machinery; and overviews of the European swimwear, hosiery and lingerie markets.
So whether you are involved in fibres, textiles or clothing in manufacturing, spinning, weaving, knitting, sewing, import/export, retailing or if you are in education or consultancy or investment or finance, a subscription to Textile Outlook International will tell you what you need to know about the key trends in the industry.
Textile Outlook International is available on subscription either in printed format only, or in printed and electronic format. If you choose the printed only option, you will receive 6 printed publications a year, containing a total of 30 reports plus editorials written by Robin Anson, our editorial director and in-house industry expert.
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