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ETHIOPIA: The next powerhouse of Apparel Sourcing

ETHIOPIA: The next powerhouse of Apparel Sourcing. Content. 1. Country Overview. 7. Investment Procedure in Ethiopia. 2. 8. Ethiopian Economy: Background. Industrial Parks (IP) in Ethiopia. Ethiopian T&C Sector. Logistics Scenario in Ethiopia. 3. 9. 10.

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ETHIOPIA: The next powerhouse of Apparel Sourcing

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  1. ETHIOPIA: The next powerhouse of Apparel Sourcing

  2. Content 1 Country Overview 7 Investment Procedure in Ethiopia 2 8 Ethiopian Economy: Background Industrial Parks (IP) in Ethiopia Ethiopian T&C Sector Logistics Scenario in Ethiopia 3 9 10 Strength and Weakness Analysis 4 Garment Exports of Ethiopia 11 Challenges in Production Trade Relationships of Ethiopia 5 Investment: A Major Source to Boost T&C Industry 6 12 About US

  3. 1. Country Overview Surface Area 11,04,300 square kms Sub-Saharan Africa / East Africa Region Addis Ababa Capital Population 102.4 million 80% employment is in agriculture Workforce

  4. 2. Ethiopia Economy: Background 65 international textile investment projects have been licensed over the years for foreign investors A shift is seen from agriculture to textile and garment sector in last 5 years Textile & apparel industry has grown at an average of 51%in last 5 years Going from Fiber to Factory is comparatively easy in Ethiopia 4

  5. 3. Ethiopian T&C Sector • The economic developments in the textile and clothing sector show enormous growth in comparison to the starting phase back in FY 2010-11. • Yarns export, grey fabric, garments and traditional handloom together totaled an export amount of just over USD 160 million in FY 2014-15 compared to USD 60 million in FY 2010-11. • The Ethiopian government is eyeing to achieve T&C exports of USD 1 billion by 2020. 5

  6. 3.1 Ethiopian T&C Sector Export Share The apparel sector represents 6% of the country’s total export value and is projected to achieve a share of 22% by 2020 Major Market The USA and EU are the major export destinations for Ethiopia as, in FY 2016-17, it exported more than 90% of T&C to the these markets. No. of Factory At current, the textile and clothing sector consists of around 130 medium and large scale factories of which 37 are foreign owned. 6

  7. 4. Garment Exports of Ethiopia 7

  8. 5. Trade Relationships of Ethiopia African Growth and Opportunity Act (AGOA) enables Ethiopia to export products to the US market with ‘Duty Free Quota Free’ privilege. Everything But Arms (EBA) enables Ethiopia to export products to the EU market with duty free access. Ethiopia enjoys the DFQF status extended by the international markets including China, India, Japan and Korea. 8

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