The development of the Garment manufacturing industry in Southeast Asian countries also varies greatly. According to CRI’s analysis, with Singapore’s industrial transformation and rising labor costs, Garment manufacturing has largely shifted to neighboring countries. At present, Singapore has become the design center, procurement center and marketing center of textile and Garment in Southeast Asia. Among the remaining Southeast Asian countries, the garment manufacturing industry is more developed in Vietnam, Cambodia, Myanmar and other countries. In 2021, Vietnam has become the world’s second largest textile and garment exporter.

Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.

According to CRI’s analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021. The population and minimum wage levels also vary greatly from country to country, with Brunei, which has the smallest population, having a total population of less than 500,000 people in 2021, and Indonesia, which has the largest population, having a population of about 275 million people in 2021. The most economically advanced countries in Southeast Asia do not have a legal minimum wage, with the actual minimum wage exceeding US$400 per month (for foreign maids), while the lowest minimum wage level in Myanmar is only about US$93 per month.

Overall, the sales volume of garment manufacturing in Southeast Asian countries has shown an upward trend in recent years, especially in Vietnam, Cambodia and other countries with sustained economic growth, prompting rapid growth in sales volume of garment manufacturing.

According to CRI forecast, the garment manufacturing industry in Southeast Asia will maintain growth from 2022-2032. On the one hand, the lower labor costs in Southeast Asian countries will prompt global Garment processors to shift production capacity to these regions. On the other hand, rising demand in Southeast Asian Garment markets will prompt global Garment processors to increase exports to these countries.

Topics covered:

• Southeast Asia Garment Manufacturing Industry Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on Southeast Asia Garment Manufacturing Industry?
• Which Companies are the Major Players in Southeast Asia Garment Manufacturing Industry Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in Southeast Asia Garment Manufacturing Industry
• What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Garment Manufacturing Industry during 2023-2032?
• What is the Expected Revenue of Southeast Asia Garment Manufacturing Industry during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in Southeast Asia Garment Manufacturing Industry Market?
• Which Segment of Southeast Asia Garment Manufacturing Industry is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing Southeast Asia Garment Manufacturing Industry?

Table of Contents

1 Singapore Garment Manufacturing Industry Analysis 

1.1 Singapore Garment Manufacturing Industry Development Environment

1.1.1 Geography

1.1.2 Population

1.1.3 Economy

1.1.4 Minimum Wage of Singapore Manufacturing Industry

1.2 Singapore Garment Manufacturing Industry Operation 2018-2022

1.2.1 Singapore Garment Manufacturing Industry Production Status

1.2.2 Singapore Garment Manufacturing Industry Sales Status

1.2.3 Singapore Garment Manufacturing Industry Import and Export Status

1.3 Analysis of Major Garment Processing and Trading Enterprises in Singapore

2 Analysis of Thailand Garment Manufacturing Industry 

2.1 Development Environment of Thailand Garment Manufacturing Industry

2.1.1 Geography

2.1.2 Population

2.1.3 Economy

2.1.4 Minimum Wage of Thailand’s Manufacturing Industry

2.2 Thailand Garment Manufacturing Industry Operation 2018-2022

2.2.1 Thailand Garment Manufacturing Industry Production Status

2.2.2 Thailand Garment Manufacturing Industry Sales Status

2.2.3 Thailand Garment Manufacturing Industry Import and Export Status

2.3 Major Garment Processing and Trading Companies in Thailand

3 Analysis of the Philippine Garment Manufacturing Industry 

3.1 Development Environment of the Philippine Garment Manufacturing Industry

3.1.1 Geography

3.1.2 Population

3.1.3 Economy

3.1.4 Philippines Manufacturing Minimum Wage

3.2 Philippine Garment Manufacturing Industry Operation 2018-2022

3.2.1 Production Status of Garment Manufacturing Industry in the Philippines

3.2.2 Sales Status of Garment Manufacturing Industry in Philippines

3.2.3 Philippine Garment Manufacturing Industry Import and Export Status

3.3 Major Garment Processing and Trading Companies in the Philippines

4 Malaysia Garment Manufacturing Industry Analysis 

4.1 Development Environment of Malaysia Garment Manufacturing Industry

4.1.1 Geography

4.1.2 Population

4.1.3 Economy

4.1.4 Malaysia Manufacturing Minimum Wage

4.2 Malaysia Garment Manufacturing Industry Operation 2018-2022

4.2.1 Malaysia Garment Manufacturing Industry Production Status

4.2.2 Malaysia Garment Manufacturing Industry Sales Status

4.2.3 Malaysia Garment Manufacturing Industry Import and Export Status

4.3 Major Garment Processing and Trading Enterprises in Malaysia

5 Indonesia Garment Manufacturing Industry Analysis 

5.1 Development Environment of Indonesia Garment Manufacturing Industry

5.1.1 Geography

5.1.2 Population

5.1.3 Economy

5.1.4 Indonesia Manufacturing Minimum Wage

5.2 Indonesia Garment Manufacturing Industry Operation 2018-2022

5.2.1 Indonesia Garment Manufacturing Industry Production Status

5.2.2 Indonesia Garment Manufacturing Industry Sales Status

5.2.3 Indonesia Garment Manufacturing Industry Import and Export Status

5.3 Major Garment Processing and Trading Companies in Indonesia

6 Vietnam Garment Manufacturing Industry Analysis 

6.1 Development Environment of Vietnam Garment Manufacturing Industry

6.1.1 Geography

6.1.2 Population

6.1.3 Economy

6.1.4 Minimum Wage of Vietnam’s Manufacturing Industry

6.2 Vietnam Garment Manufacturing Industry Operation 2018-2022

6.2.1 Vietnam Garment Manufacturing Industry Production Status

6.2.2 Vietnam Garment Manufacturing Industry Sales Status

6.2.3 Vietnam Garment Manufacturing Industry Import and Export Status

6.3 Major Garment Processing and Trading Enterprises in Vietnam

7 Myanmar Garment Manufacturing Industry Analysis 

7.1 Development Environment of Myanmar Garment Manufacturing Industry

7.1.1 Geography

7.1.2 Population

7.1.3 Economy

7.1.4 Myanmar Manufacturing Minimum Wage

7.2 Myanmar Garment Manufacturing Industry Operation 2018-2022

7.2.1 Myanmar Garment Manufacturing Industry Production Status

7.2.2 Myanmar Garment Manufacturing Industry Sales Status

7.2.3 Myanmar Garment Manufacturing Industry Import and Export Status

7.3 Major Garment Processing and Trading Enterprises in Myanmar

8 Brunei Garment Manufacturing Industry Analysis

8.1 Development Environment of Brunei Garment Manufacturing Industry

8.1.1 Geography

8.1.2 Population

8.1.3 Economy

8.1.4 Brunei Manufacturing Minimum Wage

8.2 Brunei Garment Manufacturing Industry Operation 2018-2022

8.2.1 Brunei Garment Manufacturing Industry Production Status

8.2.2 Brunei Garment Manufacturing Industry Sales Status

8.2.3 Import and Export Status of Brunei Garment Manufacturing Industry

8.3 Major Processing and Trading Enterprises in Brunei

9 Laos Garment Manufacturing Industry Analysis 

9.1 Development Environment of Laos Garment Manufacturing Industry

9.1.1 Geography

9.1.2 Population

9.1.3 Economy

9.1.4 Minimum Wage of Manufacturing Industry in Laos

9.2 Operation of the Garment Manufacturing Industry in Laos 2018-2022

9.2.1 Production Status of the Garment Manufacturing Industry in Laos

9.2.2 Laos Garment Manufacturing Industry Sales Status

9.2.3 Laos Garment Manufacturing Industry Import and Export Status

9.3 Major Garment Processing and Trading Enterprises in Laos

10 Cambodia Garment Manufacturing Industry Analysis 

10.1 Development Environment of Cambodia Garment Manufacturing Industry

10.1.1 Geography

10.1.2 Population

10.1.3 Economy

10.1.4 Minimum Wage of Manufacturing Industry in Cambodia

10.2 Cambodia Garment Manufacturing Industry Operation 2018-2022

10.2.1 Cambodia Garment Manufacturing Industry Production Status

10.2.2 Cambodia Garment Manufacturing Industry Sales Status

10.2.3 Cambodia Garment Manufacturing Industry Import and Export Status

10.3 Major Garment Processing and Trading Enterprises in Cambodia

11 Southeast Asia Garment Manufacturing Industry Outlook 2023-2032 

11.1 Southeast Asia Garment Manufacturing Industry Development Influencing Factors Analysis

11.1.1 Favorable Factors

11.1.2 Unfavorable Factors

11.2 Supply Forecast of Southeast Asia Garment Manufacturing Industry 2023-2032

11.3 Southeast Asia Garment Manufacturing Market Demand Forecast 2023-2032

11.4 Impact of COVID-19 Outbreak on Garment Manufacturing Industry

The post Research Report on Southeast Asia Garment Manufacturing Industry 2023-2032 first appeared on CRI Report.

Cambodia has made substantial socio-economic progress over the past two decades, achieving a real GDP growth rate of 5.1% in 2022. The nation boasts a plentiful labor force with low labor costs. As of the end of 2022, Cambodia’s population was estimated at 17.2 million people, with approximately 75% residing in rural areas. A significant portion of the population, around 27%, falls within the age group of 10 to 24 years old, while over 30% of Cambodians are under the age of 30, making Cambodia one of the youngest countries in Southeast Asia. The youth-oriented demographic structure is anticipated to drive growth in the Cambodian consumer market for the next 10 to 15 years.

The textile and garment sector in Cambodia has witnessed remarkable growth in its export market since the 1990s. This dynamism is largely attributed to Cambodia’s strong comparative advantage in the sector. Despite rising wages, Cambodia remains competitive in terms of labor costs, which has contributed to the sector’s vitality.

The garment industry holds a pivotal position in Cambodia’s economy, serving as the largest export earner, responsible for over 40% of the country’s total merchandise exports. Moreover, it constitutes a significant component of Cambodia’s GDP. The industry’s export volume has consistently expanded over the years, with garment manufacturing firms emerging as major non-agricultural employers, providing jobs for more than 750,000 workers across over 600 factories.

Most of the garment firms in Cambodia are foreign-owned, underlining the sector’s appeal to Foreign Direct Investment (FDI). Chinese-owned factories represent the majority, comprising approximately 90%, while some European companies, such as those from the Netherlands, have also invested in Cambodia. Notably, Cambodia’s garment exports are primarily directed toward Western countries, with the European Union (EU) being the largest market, followed by the United States.

The garment industry in Cambodia employs a workforce exceeding 750,000 individuals, with a majority being women, and contributes to more than a third of the country’s Gross Domestic Product (GDP). The sector continues to be Cambodia’s leading export sector, with garment exports surpassing $9 billion in 2022. Nevertheless, the industry faces challenges in terms of high energy costs and low productivity, affecting its competitiveness within the region.

The International Finance Corporation’s (IFC) Cambodia Improvement Program (CIP), initiated in 2019 with support from the Ministry of Economy and Finance of Korea, seeks to enhance the competitiveness, productivity, and sustainable growth of the garment sector. This program aligns with Cambodia’s national goal of reducing greenhouse gas emissions by 40% by 2030. As part of the CIP, 10 suppliers in the tailoring and garment washing business implemented resource efficiency measures in 2019 and 2020, achieving significant savings in energy and water consumption. These measures boosted productivity while contributing to the country’s climate objectives.

From 2018 to 2022, Cambodia’s apparel and clothing sector experienced fluctuating growth in total export value, with a Compound Annual Growth Rate (CAGR) of 3.01% during that period. In 2020, the COVID-19 pandemic impacted Cambodia’s apparel manufacturing industry, leading to a year-on-year decrease of 10.63% in the sector’s total export value, amounting to $7,387 million. In 2021, the Cambodian government eased control measures, facilitating a rapid recovery in the export of Cambodia’s garment and apparel sector. Consequently, the total export value reached $8.018 billion in 2021 and $9.035 billion in 2022, reflecting year-on-year growth rates of 8.53% and 12.69%, respectively.

The global garment market is substantial and exhibits a consistent upward trajectory. Capitalizing on the shift of the global textile and garment industry to Southeast Asia, Cambodia’s textile and garment sector has experienced rapid development, bolstered by the support and promotion of the Cambodian government. As per CRI’s analysis, the export value of Cambodia’s garment industry is projected to reach $19.9 billion in 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 8.2% from 2023 to 2032.

Topics covered:

• Overview of the Cambodian Garment Industry
• Economic and policy environment of Cambodia’s garment industry
• What is the impact of COVID-19 on the Cambodian garment industry?
• Cambodia Clothing Industry Market Size 2018-2022
• Analysis of major Cambodian garment enterprises
• Key Drivers and Market Opportunities in Cambodia’s Garment Industry
• What are the key drivers, challenges and opportunities for the Cambodian apparel industry during the forecast period 2023-2032?
• Which are the key players in the Cambodia Garment Industry market and what are their competitive advantages?
• What is the expected revenue of Cambodia Garment Industry market during the forecast period of 2023-2032?
• What strategies have been adopted by the key players in the market to increase their market share in the industry?
• Which segment of the Cambodia Garment Industry market is expected to dominate the market by 2032?
• What are the main unfavorable factors facing the garment industry in Cambodia?

Related Reports:

• Thailand Garment Manufacturing Industry Research Report 2023-2032
• Indonesia Garment Manufacturing Industry Research Report, 2023-2032
• Research Report on Southeast Asia Garment Manufacturing Industry 2023-2032

Table of Contents

1 Overview of the Development of the Garment Industry in Cambodia

1.1 Definitions and Classifications

1.2 Analysis of Major Products

1.3 Impact of COVID-19 on the Cambodian Clothing Manufacturing Industry

2 Analysis on Garment Manufacturing Industry in Cambodia, 2018-2022

2.1 Development Environment of the Cambodian Garment Industry

2.1.1 Economic Environment

2.1.2 Policy Environment

2.1.3 Social Environment

2.2 2018-2022 Cambodia Clothing Supply Analysis

2.2.1 Analysis of Major Foreign Investment Sources in Cambodia’s Garment Manufacturing Industry

2.2.2 Clothing Production

2.3 Demand Analysis of Apparel in the Cambodian Market

2.3.1 Major Consumer Groups of Clothing

2.3.2 Size of the Cambodian Domestic Clothing Market

3 Import and Export Analysis of Cambodian Textile and Garment Industry

3.1 Imports

3.1.1 Import of Raw Materials

3.1.2 Main Sources of Imports

3.2 Exports

3.2.1 Export Analysis of Cambodia’s Garment Industry

3.2.2 Main Export Destinations

4 Competition Status of Garment Manufacturing Industry in Cambodia

4.1 Barriers to Entry in the Cambodian Clothing Industry

4.1.1 Government Policies

4.1.2 Sales Channels

4.1.3 Brand Barriers

4.2 Competitive Structure of Cambodian Garment Manufacturing Industry

4.2.1 Bargaining Power of Raw Material Suppliers

4.2.2 Bargaining Power of Consumers

4.2.3 Competition Within the Apparel Industry

4.2.4 Potential Entrants

4.2.5 Alternatives

5 Analysis on Cost and Price in Garment Manufacturing Industry in Cambodia

5.1 Manufacturing Cost Analysis of Cambodian Garment 2018-2022

5.1.1 Cost of Raw Materials

5.1.2 Analysis of Labor Cost in Cambodian Garment Manufacturing Industry

5.2 Price Analysis of Cambodian Clothing

6 Overview of Major Garment Manufacturing Companies in Cambodia

6.1 Samaritan Textile Cambodia

6.1.1 Business Profile

6.1.2 Main Products

6.1.3 Modes of Operation

6.2 Fairsew

6.2.1 Business Profile

6.2.2 Main Products

6.2.3 Modes of Operation

6.3 Craigwood

6.3.1 Business Profile

6.3.2 Main Products

6.3.3 Modes of Operation

6.4 Quantum

6.4.1 Business Profile

6.4.2 Main Products

6.4.3 Modes of Operation

6.5 Morijana

6.5.1 Business Profile

6.5.2 Main Products

6.5.3 Modes of Operation

6.6 Dewhirst

7 Outlook for Garment Manufacturing in Cambodia, 2023-2032

7.1 Factors Influencing the Development of the Garment Manufacturing Industry in Cambodia

7.1.1 Drivers and Market Opportunities in Cambodia Clothing Manufacturing Industry

7.1.2 Threats and Challenges Facing the Garment Manufacturing Industry in Cambodia

7.1.3 Industry Prospects and Market Opportunities

7.2 Competitive Landscape Forecast for Cambodia Clothing Manufacturing Industry

7.3 Supply Forecast of Garment Manufacturing in Cambodia, 2023-2032

7.3.1 Raw Material Import Forecast for Garment Manufacturing in Cambodia, 2023-2032

7.3.2 Cambodia Garment Export Forecast 2023-2032

7.4 Market Demand Forecast for Garment Manufacturing in Cambodia, 2023-2032

7.4.1 Overall Market Demand Forecast for Garment Manufacturing in Cambodia, 2023-2032

7.4.2 Demand Forecast for Cambodian Clothing Manufacturing Segment, 2023-2032

List of Charts

Chart Classification of Garment Manufacturing

Chart Apparel Manufacturing Industry Chain Analysis

Chart Apparel Manufacturing Raw Materials Source Analysis

Chart Cambodian Textile and Clothing Exports 2018-2022

Chart Product Sales Revenue of Textile Industry in Cambodia 2018-2022

Chart 2018-2022 Textile Fiber Production in Cambodia

Chart 2018-2022 Apparent Consumption Analysis of Garment Manufacturing in Cambodia

Chart Samaritan Textile Cambodia Basic Information

Chart Fairsew Basic Information

Chart Craigwood Basic Information

Chart Quantum Basic Information

Chart Morijana Basic Information

Chart 2023-2032 Cambodia Cotton Import Forecasts

Chart 2023-2032 Forecast of Cambodian Garment Exports

The post Cambodia Garment Manufacturing Industry Research Report 2023-2032 first appeared on CRI Report.

Thailand, as the second-largest economy in Southeast Asia, boasts a per capita GDP of approximately US$6,600, positioning it as a middle to high-income country. The country’s population stood at 70.8 million by the end of 2022, and it possesses a robust labor force characterized by low labor costs. With over 40.24 million people aged 15 and above in the workforce, Thailand sustains a minimum daily wage of approximately US$10.

The textile industry in Thailand encompasses a comprehensive value chain, with more than 2,000 apparel and textile companies operating, primarily concentrated in Bangkok and eastern Thailand. This sector plays a pivotal role in contributing to the country’s GDP and export earnings. Thailand stands out for its proficiency in the production, design, and marketing of home textiles, earning a global reputation as a silk producer and yarn manufacturer. Moreover, the nation excels in eco-friendly finishing, dyeing, and printing services that meet international standards, although there is room for further improvement.

Thailand’s textile exports are primarily directed towards the United States, Japan, the United Kingdom, Russia, and China. The country’s two economic drivers, the textile and garment industry, experienced a downturn in 2020 due to reduced foreign demand during the COVID-19 pandemic. Approximately 3,000 factories pivoted to producing masks and PPE protective clothing to survive the economic challenges. However, the Thai textile industry rebounded in 2021, restoring production to full capacity, and Thai garment and textile factories resumed operations at 100% capacity. The years 2021 and 2022 witnessed a surge in Thailand’s apparel exports to the United States, driven by demand from apparel-producing regions like Vietnam, Cambodia, Indonesia, India, Europe, and U.S. garment factories.

In 2021, Thailand began relaxing control measures as the pandemic’s impact waned. This, in turn, led to a rapid recovery of Thailand’s textile and apparel industry exports in 2021 and 2022. During these years, textile and apparel exports amounted to US$6,526 million and US$6,850 million, respectively, representing year-on-year increases of 13.53% and 4.96%.

Overall, the global garment market presents substantial opportunities, with a steady upward trajectory fueled by the relocation of the global textile and apparel industry to Southeast Asia. Thailand’s textile and apparel sector is experiencing rapid growth, supported and promoted by the Thai government, suggesting a promising future. CRI anticipates that Thailand’s textile and apparel exports will reach US$11.8 billion by 2032, with a Compound Annual Growth Rate (CAGR) of 5.6% from 2023 to 2032.

Topics covered:

• Thailand Garment Industry Overview
• The economic and policy environment of the Thai garment industry
• What is the impact of COVID-19 on the Thai garment industry?
• Thailand Garment Industry Market Size 2018-2022
• Analysis of major Thai garment companies
• Key Drivers and Market Opportunities in Thailand’s Garment Industry
• What are the key drivers, challenges and opportunities for the Thai garment industry during the forecast period 2023-2032?
• Which are the key players in the Thailand Garment Industry market and what are their competitive advantages?
• What is the expected revenue of Thailand Garments Industry market during the forecast period of 2023-2032?
• What strategies have been adopted by the key players in the market to increase their market share in the industry?
• Which segment of the Thailand Garment Industry market is expected to dominate the market by 2032?
• What are the major unfavorable factors facing the Thai garment industry?

Table of Contents

1 Overview of the Development of Thailand Garment Industry

1.1 Definitions and Classifications

1.2 Analysis of Major Products

1.3 Impact of COVID-19 on Thailand’s Garment Manufacturing Industry

2 Analysis on Garment Manufacturing Industry in Thailand, 2018-2023

2.1 Development Environment of Thailand’s Garment Industry

2.1.1 Economic Environment

2.1.2 Policy Environment

2.1.3 Social Environment

2.2 Thailand Garment Supply Analysis 2018-2022

2.2.1 Analysis of Major Foreign Investment Sources in Thailand’s Garment Manufacturing Industry

2.2.2 Clothing Production

2.3 Thailand Market Demand Analysis for Garment

2.3.1 Major Consumer Groups of Clothing

2.3.2 Size of Thailand’s Domestic Garment Market

3 Thailand Textile and Clothing Industry Import and Export Analysis

3.1 Imports

3.1.1 Import of Raw Materials

3.1.2 Main Sources of Imports

3.2 Exports

3.2.1 Export Analysis of Thailand’s Garment Industry

3.2.2 Main Export Destinations

4 Competition Status of Garment Manufacturing Industry in Thailand

4.1 Barriers to Entry in Thailand’s Clothing Industry

4.1.1 Government Policies

4.1.2 Sales Channels

4.1.3 Brand Barriers

4.2 Competitive Structure of Thailand’s Garment Manufacturing Industry

4.2.1 Bargaining Power of Raw Material Suppliers

4.2.2 Bargaining Power of Consumers

4.2.3 Competition within the Garment Industry

4.2.4 Potential Entrants

4.2.5 Alternatives

5 Analysis on Cost and Price in Garment Manufacturing Industry in Thailand

5.1 Thailand Garment Manufacturing Cost Analysis 2018-2022

5.1.1 Cost of Raw Materials

5.1.2 Labor Cost Analysis of Thailand’s Garment Manufacturing Industry

5.2 Thailand Clothing Price Analysis

6 Overview of Major Garment Manufacturing Companies in Thailand

6.1 Toray Industries (Thailand) Co. Ltd. Toray Group

6.1.1 Business Profile

6.1.2 Main Products

6.1.3 Modes of Operation

6.2 NaRaYa

6.2.1 Business Profile

6.2.2 Main Products

6.2.3 Modes of Operation

6.3 Jaspal

6.3.1 Business Profile

6.3.2 Main Products

6.3.3 Modes of Operation

6.4 Thai Wacoal

6.4.1 Business Profile

6.4.2 Main Products

6.4.3 Modes of Operation

6.5 Disaya

6.5.1 Business Profile

6.5.2 Main Products

6.5.3 Modes of Operation

7 Thailand Garment Manufacturing Outlook, 2023-2032

7.1 Factors Influencing the Development of Thailand’s Garment Manufacturing Industry

7.1.1 Drivers and Market Opportunities in Thailand Garment Manufacturing Industry

7.1.2 Threats and Challenges Facing Thailand’s Garment Manufacturing Industry

7.1.3 Industry Prospects and Market Opportunities

7.2 Competitive Landscape Forecast for Thailand Garment Manufacturing Industry

7.3 Supply Forecast of Garment Manufacturing in Thailand, 2023-2032

7.3.1 Thailand Garment Manufacturing Raw Material Import Forecast 2023-2032

7.3.2 Thailand’s Garment Export Forecast 2023-2032

7.4 Thailand Garment Manufacturing Market Demand Forecast 2023-2032

7.4.1 Overall Market Demand Forecast for Garment Manufacturing in Thailand, 2023-2032

7.4.2 Demand Forecast for Thailand Garment Manufacturing Segment 2023-2032

List of Charts

Chart Classification of Garment Manufacturing

Chart Garment Manufacturing Industry Chain Analysis

Chart Garment Manufacturing Raw Materials Source Analysis

Chart Thailand’s Textile and Garment Exports, 2018-2022

Chart Product Sales Revenue of Textile Industry in Thailand 2018-2022

Chart 2018-2022 Textile Fiber Production in Thailand

Chart 2018-2022 Thailand Garment Manufacturing Apparent Consumption Analysis

Chart Toray Industries (Thailand) Co. Ltd. Toray Group Basic Information

Chart NaRaYa Basic Information

Chart Jaspal Basic Information

Chart Thai Wacoal Basic Information

Chart Disaya Basic Information

Chart 2023-2032 Thailand Cotton Import Forecasts

Chart 2023-2032 Forecast of Thailand’s Garment Exports

Other Reports in Garment Topics:

Cambodia Garment Manufacturing Industry Research Report 2023-2032
Indonesia Garment Manufacturing Industry Research Report, 2023-2032
Research Report on Southeast Asia Garment Manufacturing Industry 2023-2032
Vietnam Textile and Garment Industry Report 2021-2025

The post Thailand Garment Manufacturing Industry Research Report 2023-2032 first appeared on CRI Report.

Indonesia is the largest economy in Southeast Asia, and Indonesia has an abundant labor force with low labor costs. By the end of 2022, the population of Indonesia will be about 275 million, which is the fourth largest population in the world, with about 70% of the population aged 15-64, and the working population will be about 140 million, which is a plentiful labor force and consumer market. According to CRI’s analysis, the young population structure will bring 10 to 15 years of growth to the Indonesian consumer market.

Indonesia is one of the world’s top ten textile producers, and the textile and textile products industry is one of the most important industries in the Indonesian economy, providing employment for more than 3.7 million Indonesians. The majority of Indonesia’s total textile and clothing production is used to supply international demand, of which 70% is exported, with the United States of America being the largest exporter of Indonesian clothing and textiles.

As apparel companies continue to shift production out of China, Indonesia has become an attractive alternative. China’s position as a global cotton importer is declining, and most cotton exports are being shifted to competing countries, including Indonesia. The USDA forecasts that China’s cotton imports will increase by only 3.5 million bales over the 2021-2030 period, compared to an estimated 8.1 million bales for the major competing apparel countries Indonesia, Vietnam, Pakistan, Bangladesh, and Turkey combined. By 2030, China is expected to account for 24% of total global imports, while competing countries combined are expected to account for 47%.

Indonesia’s garment industry is concentrated in West Java, Central Java, East Java and Banten, which together account for more than 85 percent of all garment, textile and footwear employment. The garment industry is labor-intensive and easy to relocate, and employers have been relocating factories to areas with lower minimum wages.

From 2018 to 2022, according to CRI analysis, Indonesia’s textile and apparel export value shows a trend of change firstly decreasing and then increasing, with a CAGR of 4.16% from 2018 to 2022.In 2020, affected by the COVID-19 epidemic, Indonesia’s apparel manufacturing industry contracted, and Indonesia’s textile and apparel export value was 5.857 billion U.S. dollars, which was a year-on-year decline of 17.19%.In 2021 The Indonesian government relaxed the control measures, and the export of Indonesia’s textile and apparel industry recovered rapidly in 2021 and 2022, and the export value of Indonesia’s textile and apparel in 2021 and 2022 was US$6.909 billion and US$7.992 billion, respectively, an increase of 17.98% and 15.6% year-on-year, respectively.

The textile industry is now a strategic target industry for Indonesia. The prospects of Indonesia’s textile industry offer golden opportunities for investors, especially in the supply of sophisticated machinery and production equipment and capacity building. Its business environment has become more lucrative due to the increased purchasing power of the population and the proliferation of e-commerce platforms. This aggressive consumer behavior following lifestyle trends will fuel high demand for functional textiles for apparel, automotive, fitness, sports and military applications. The recently established Industrial Services and Solutions Centre (ISSC) facility at the Centre for Standardization and Textile Industry Services (BBSPJIT) is in its prime. It provides information services, testing, calibration, product and quality system certification, technical training and consultancy, develops standards for the textile industry and provides inclusive professional assistance to the textile industry. This integrated infrastructure will not only help meet domestic demand, but also increase the competitiveness of the textile industry in the global market, especially in the EU – one of Indonesia’s major export destinations. Indonesia is in the process of negotiating with the EU for an Indonesia-EU Comprehensive Economic Partnership Agreement (IEU-CEPA), and Indonesia is looking towards Vietnam and Bangladesh.

At the same time, the Indonesian Government was constantly striving to build a productive, connected and sustainable textile ecosystem. By 2030, the country is expected to become one of the top five global textile manufacturers and one of the world’s top 10 economies in the Industry 4.0 era.

In the coming years, Indonesia’s textile and apparel exports will continue to grow due to its low-cost advantage. CRI expects the export value of Indonesia’s textiles and garments to reach US$ 18.2 billion in 2032, representing a compound annual growth rate (CAGR) of about 8.6% from 2023-2032.

Topics covered:

• Overview of the Garment Industry in Indonesia
• Economic and policy environment of Indonesia’s apparel industry
• What is the impact of COVID-19 on the Indonesian garment industry?
• Indonesia Clothing Industry Market Size 2018-2022
• Analysis of major Indonesian apparel companies
• Key Drivers and Market Opportunities in Indonesia’s Apparel Industry
• What are the key drivers, challenges and opportunities for the Indonesian apparel industry during the forecast period 2023-2032?
• Which are the key players in the Indonesia Garment Industry market and what are their competitive advantages?
• What is the expected revenue of Indonesia Garment Industry market during the forecast period of 2023-2032?
• What strategies have been adopted by the key players in the market to increase their market share in the industry?
• Which segment of the Indonesia apparel industry market is expected to dominate the market by 2032?
• What are the major unfavorable factors facing the Indonesian apparel industry?

Table of Contents

1. Overview of the Development of the Apparel Industry in Indonesia

1.1 Definitions and Classifications

1.2 Analysis of Major Products

1.3 Impact of COVID-19 on the Garment Manufacturing Industry in Indonesia

2. Overview of Indonesia’s Garment Manufacturing Industry

2.1 Development Environment of Indonesia’s Apparel Industry

2.1.1 Economic Environment

2.1.2 Policy Environment

2.1.3 Social Environment

2.2 Indonesia Apparel Supply Analysis 2018-2022

2.2.1 Indonesia Garment Manufacturing Industry Major Foreign Investment Source Countries Analysis

2.2.2 Clothing Production

2.3 Indonesia Market Demand Analysis for Apparel

2.3.1 Major Consumer Groups of Clothing

2.3.2 Size of Indonesia’s Domestic Apparel Market

3. Indonesia Textile and Clothing Industry Import and Export Analysis

3.1 Imports

3.1.1 Import of Raw Materials

3.1.2 Main Sources of Imports

3.2 Exports

3.2.1 Indonesia Garment Industry Export Analysis

3.2.2 Main Export Destinations

4. Competition in Indonesia’s Garment Manufacturing Industry

4.1 Barriers to Entry in Indonesia’s Clothing Industry

4.1.1 Government Policies

4.1.2 Sales Channels

4.1.3 Brand Barriers

4.2 Competitive Structure of Indonesia’s Garment Manufacturing Industry

4.2.1 Bargaining Power of Raw Material Suppliers

4.2.2 Bargaining Power of Consumers

4.2.3 Competition within the Apparel Industry

4.2.4 Potential Entrants

4.2.5 Alternatives

5. Cost and Price Analysis of Garment Manufacturing in Indonesia

5.1 Indonesia Garment Manufacturing Cost Analysis 2018-2022

5.1.1 Cost of Raw Materials

5.1.2 Indonesia Garment Manufacturing Labor Cost Analysis

5.2 Indonesia Clothing Price Analysis

6. Profile of Major Garment Manufacturing Companies in Indonesia

6.1 PT INDONESIA TORAY SYNTHETICS

6.1.1 Business Profile

6.1.2 Main Products

6.1.3 Modes of Operation

6.2 PT ACRYL TEXTILE MILLS

6.2.1 Business Profile

6.2.2 Main Products

6.2.3 Modes of Operation

6.3 PT CENTURY TEXTILE INDUSTRY TBK

6.3.1 Business Profile

6.3.2 Main Products

6.3.3 Modes of Operation

6.4 PT PETNESIA RESINDO

6.4.1 Business Profile

6.4.2 Main Products

6.4.3 Modes of Operation

6.5 PT JABATO INTERNATIONAL

6.5.1 Business Profile

6.5.2 Main Products

6.5.3 Modes of Operation

6.6 PT INDONESIA SYNTHETICS TEXTILE MILLS

6.7 PT EASTERNTEX

6.8 PT OST FIBRE INDUSTRIES

7. Indonesia Garment Manufacturing Outlook, 2023-2032

7.1 Factors Influencing the Development of Indonesia’s Garment Manufacturing Industry

7.1.1 Drivers and Market Opportunities in Indonesia Clothing Manufacturing Industry

7.1.2 Threats and Challenges Facing Clothing Manufacturing Industry in Indonesia

7.1.3 Industry Prospects and Market Opportunities

7.2 Competitive Landscape Forecast for Indonesia Clothing Manufacturing Industry

7.3 Supply Forecast of Garment Manufacturing in Indonesia, 2023-2032

7.3.1 Indonesia Garment Manufacturing Raw Material Import Forecast 2023-2032

7.3.2 Indonesia Garment Export Forecast 2023-2032

7.4 Indonesia Garment Manufacturing Market Demand Forecast 2023-2032

7.4.1 Overall Market Demand Forecast for Garment Manufacturing in Indonesia, 2023-2032

7.4.2 Demand Forecast for Indonesia Garment Manufacturing Segment, 2023-2032

The post Indonesia Garment Manufacturing Industry Research Report, 2023-2032 first appeared on CRI Report.

As one of the world’s leading footwear manufacturers, Vietnam Footwear Market ranks second in the world in terms of leather and footwear exports after China. Vietnam exports more than 1 billion pairs of footwear of all kinds of to hundreds of countries around the world every year. In particular, Vietnam’s footwear exports to the EU account for the largest proportion of the total exports.

By the end of 2021, there are about 2,200 enterprises producing footwear in Vietnam, mainly concentrated in the area around Ho Chi Minh City.

According to CRI’s analysis, two giant brands in the global footwear industry, Nike and Adidas, have chosen Vietnam as their main production base. Part of the global footwear chain is gradually shifting from China to Vietnam due to its lower costs. Nike has more than 100 suppliers in Vietnam, with 96 factories concentrated in the southern region.

Nike’s arch rival, Adidas, has also chosen Vietnam as its main production area. In its annual report (2020), Adidas suggested that in 2019, 98% of Adidas’ footwear products were produced in the Asian region. Vietnam has become the largest sourcing country for Adidas, accounting for 42% of its total footwear production in 2020.

According to CRI’s analysis, due to the impact of COVID-19, Vietnam’s footwear exports was USD16.75 billion in 2020, down 8.6% YOY. In 2020, Vietnam’s footwear products were exported to more than 100 countries, with exports to 70 of these countries exceeding USD1 million in footwear production. In 2021, Vietnam’s footwear exports have seen a resurgence in growth.

There is a more important basis for the bullishness of Vietnam’s footwear exports, that is, Vietnam has signed trade agreements helpful for exports with Europe and the United States. For example, in the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam’s footwear exports to the EU amount to about 40%.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has helped Vietnam’s footwear exports to Canada and Mexico soar.

Vietnam has signed many agreements with developed countries that are conducive to promoting exports, but the strength of Vietnam’s local footwear enterprises remains weak and the major market share of Vietnam’s footwear industry is occupied by foreign companies. According to CRI, Vietnam’s footwear production and exports are expected to continue to grow in 2022-2030.

For companies related to the international footwear industry chain, there are many investment opportunities in Vietnam’s market in the coming years.

Topics covered:

• Overview of Vietnam’s Footwear Industry
• Economic and Policy Environment of Vietnam’s Footwear Industry
• What is the impact of COVID-19 on the footwear manufacturing industry in Vietnam?
• Vietnam Footwear Market Size, 2016-2021
• Forecast on Vietnam’s Footwear Market, 2022-2030
• Analysis of Major Footwear Manufacturing Companies in Vietnam
• Key Drivers and Market Opportunities in Vietnam Footwear Industry
• What are the key drivers, challenges and opportunities for the footwear industry in Vietnam during 2022-2030?
• What is the expected revenue of Vietnam’s footwear market during 2022-2030?
• What are the strategies adopted by the key players in the market to increase their market share in the industry?
• Which segment of Vietnam’s footwear market is expected to dominate the market in 2030?
• What are the major adverse factors facing the footwear industry in Vietnam?

Related reports:

Luxury Footwear Market: Market Segments: By Product (Formal Shoes & Casual Shoes); Gender (Male, Female and Children); By Mode of Sale (Retail and Online); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030

Athletic Footwear Market: Market Segments: By Product (Running Shoes, Sports Shoes, Aerobic Shoes, Walking Shoes and Trekking Shoes); Gender (Male, Female and Children); By Mode of Sale (Brick & Mortar and E-commerce); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030

Global Polyurethane for Footwear Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

Footwear Market in India (2018-2023)

The post Research Report on Footwear Market in Vietnam, 2016-2030 first appeared on CRI Report.