Cambodia Textile & Clothing Sector Performance Examined by Textiles Intelligence in Its In-demand Report Published at MarketPublshers.com24 Jan 2018 • by Natalie Aster
LONDON – The textile and clothing industry plays a vital role in the economy of Cambodia. Actually, the clothing industry, specifically, makes up the country’s biggest manufacturing sector, with more than 500,000 employees. Further, it is Cambodia's biggest source of foreign exchange translation, and clothing exports have grabbed right up to two-thirds of Cambodia’s overall exports in the recent past.
The clothing sector benefits to a great degree from the nation’s status as the least developed country (LDC) as this allows for duty-free and quota-free (DFQF) access to the leading global marketplaces. The industry also reaps benefits from an ample supply of cheap labour in the country, and the national government has introduced policies which are targeted to brining in substantial FDI.
In spite of these advantages, though, the local textile and clothing industry depends heavily on textile imports, which is a key weakness. Additionally, the industry is restricted chiefly to low value-added cut-make-trim (CMT) operations.
In the offing, Cambodia's clothing sector is anticipated to shift away from CMT operations and make items with bigger added value. There are also opportunities for building close collaborative relationships with novel and current trading markets, and there are high-wrought expectations of increased business within ASEAN countries.
Insightful market research report “Prospects for the textile and clothing industry in Cambodia, 2017” drawn up by Textiles Intelligence is designed to present a detailed, unprejudiced look at the development of the industry on a national level. The study provides market size estimates and gives an overview of the market structure; provides an analysis of a geographical, political and economic profile of the country; offers data on the domestic imports and exports; sheds light on the government policies and investment initiatives. The study offers an extensive analysis of the industry's SWOT, as well as canvasses Cambodia's infrastructure and human resources and provides an understanding of how these influence the industry.
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