06-03-2013, 11:58 AM
Growth Trend of Myanmar Garment Industry
Growth Trend.pptx (Size: 538.61 KB / Downloads: 36)
Introduction
The garments industry has been one of the main drivers of industrialization in Myanmar.
Abundant supply of cheap labor is one of the main competitive advantage of Myanmar Garments Industry
To highlight the opportunity and strength of the Myanmar Garment Manufacturing Firms and constraints on their development.
To explore the possible ways of cooperation with Chinese and Neighboring Countries Garment industry on contractual basis and, if possible, to move further to “Supply Chains development ” in long term.
Background
Since the times of Myanmar Kings, household/cottage industry of textile (both of cotton and imported silk from Yunnan) and clothing (cotton ginning, spinning, weaving, garment garment-making, etc) for local use have been developing throughout Myanmar.
During the colonial period, indigenous textile and clothing cottage industry survive in spite of the English made quality textile/cloth importation and marketing in Myanmar, especially after the opening of Suez Canal in 1869.
Situational Analysis
45.5% share of the total garments export of Myanmar goes to Japan (*2011 data)
30.3% garments export goes to South Korea (*2011 data)
Moreover the Govt. is pushing US Govt. which results the US Govt. has already started relaxing its sanction against Myanmar.
Concluding Remarks
Present Myanmar private garment firms on CMP basis Present started in 1994. In 1995, garment export was merely USD 50 million. As it grew it reached up to peak USD 745.5 million in 2000 and then to USD 829 million in 2001. But, as explained above due to various constraints or threats it fell down to USD 312.4 million in 2005.