Myanmar’s clothing industry likely to see major growth by 2020

Myanmar’s clothing industry is set to grow significantly in the coming years, it is predicted that that there could be up to 1.5 million jobs in the garment industry by 2020 compared with approximately 230,000 in mid-2015, and that garment exports could rise from US$1.5 million in 2014 to as much as US$12 billion in 2020, according to a report in the latest issue of Global Apparel Markets from the business information company Textiles Intelligence.

The first Western brand to source from Myanmar was H&M in 2013 followed by Gap in 2014 and these companies appear to have paved the way for others to follow. Also many countries have granted free trade or preferential trade status to clothing made in Myanmar.

Furthermore, foreign direct investment (FDI) in the garment industry has been growing at an impressive pace in recent years and, following the removal of sanctions, clothing exports from Myanmar shot up by 26.5% in 2013 and by a further 27.4% in 2014.

To plan for expansion, the Myanmar government has published a strategy for the textile and garment industry as part of a document entitled National Export Strategy 2015-2019. In particular, the industry has been advised to move from operating on a cutting, making and packaging (CMP) basis to operating on an fob (free on board) basis; increase volume; improve quality; produce a greater volume of knitted products; and develop its design expertise so that it can expand from operating on an fob basis to one embracing original design. In terms of geographical markets, the aim will be to build further on the country’s biggest export markets.

The initiatives are being pursued to improve the industry’s international competitiveness and encourage sustainable production as natural fibre production in Myanmar is small and there is no production of man-made fibres. Almost all the fibres used by the textile industry need to be imported. Also, the industry lacks vocational training programmes.

Consequently, the industry will need modern machinery, raw materials, skilled labour, social and environmental certification, energy sources which are reliable, a logistics infrastructure and a financing system which runs smoothly.

The demand from Western retailers is unlikely to increase at a rapid pace as buyers are expected to proceed cautiously.

Recent Posts

University of Copenhagen develops nanofibre patch for psoriasis treatment

Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…

12 hours ago

Clothing 2.0, The Marena Group to revolutionize medical garments

Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…

12 hours ago

Polartec expands eco-friendly weather protection fabrics

Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…

12 hours ago

Uncaged Innovations partners to launch leather alternative

Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.

2 days ago

Rudolf enhances digital pigment printing

Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…

2 days ago

Aquafil Group unveils sustainable yarns

Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…

2 days ago