2014-02-19 22:59:01 - Prospects for the Textile and Clothing Industry in Cambodia - a new market research report on companiesandmarkets.com
The Cambodia textiles market has expanded rapidly since the mid-1990s and has become the largest manufacturing sector in the country. Exports have risen sharply in recent years, and by 2012 combined exports of textiles and clothing represented about 60% of Cambodia´s total exports. Almost all of the impetus behind the sector´s expansion has come from foreign investment, attracted by government incentives and a favourable investment climate.As a result, about 90% of clothing factories are under the ownership and control of foreign investors based in China, Hong Kong, Malaysia, Singapore, South Korea, Taiwan and the USA. On the downside, the clothing industry is limited mainly to low added value cut, make and trim (CMT) operations and lacks design and marketing skills.
Also, it is heavily dependent on imports for its raw materials as the textile industry in Cambodia is small and lacks investment. However, new initiatives should lead to a more skilled workforce in the clothing industry, as well as local businesses with their own Cambodian identity.Report ScopeThis report looks at the development of the textile and clothing industry in Cambodia, its size and structure, and production and consumption. The report also features: a geographical, political and economic profile; a detailed look at the country´s imports and exports; a review of government policies, investment incentives and foreign investments; an analysis of strengths, weaknesses, opportunities and threats (SWOT); and a look at Cambodia´s infrastructure and human resources and how these affect the textile and clothing industry.
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