Issue
125:
September-October 2006
Product Overview
Buy this Report now
Buy this Issue now
Subscribe
Download brochure (PDF)
Download price list (PDF)
Price list download
| Please choose your preferred currency:
|
Request sample issue
View list of reports
in other issues
|
Multi Report Package |
We also offer a flexible subscription product,
the Multi Report Package,
which allows you to select your own choice of reports from our full range,
to suit your own budget.
Click here for full details.
|
|
 |
Prospects for the Textile and Garment Industry in the Philippines |
32 pages,
published in Issue 125, September-October 2006
Report price:
Euro 600.00;
US$ 785.00
|
The textile and garment sector in the Philippines is a vital part of the country’s economy. It has 320,000 employees, making it the largest employer in the manufacturing sector with 11% of the national total.
An additional 700,000 people are employed as home-workers and small sub-contractors.
The industry expanded rapidly during the 1960s and 1970s but has recently experienced a decline. This has been due mainly to tougher conditions in export markets and a failure to invest in new manufacturing technology.
Exports have been a key driver of growth in the past. The country used to be one of the largest sources of imported garments for the major markets of North America and Western Europe when exports from its major competitors were held back by quotas. However, the arrival of a new world trade regime at the beginning of 2005 has caused serious damage to the country’s international competitiveness. As a result, China and other Asian countries are capturing an increasing share of these markets. Even so, in 2005 the textile and garment sector was the Philippines’ second largest source of export earnings with a 6.2% share, although this was down sharply from 10% in 1997.
There is an urgent need for the industry to restructure into larger manufacturing units, and to re-equip itself with modern high-tech machinery in order to secure greater economies of scale, higher productivity and an improvement in its competitiveness. On an encouraging note, there has been a substantial increase in foreign investment in the past five years. Much of this has come from other Asian producers who, more and more, are regarding the Philippines as an attractive location for textile and garment activities. Research and investment is also going into the development of indigenous fibres—such as abaca, banana, pineapple and silk—in order to ease the country’s serious lack of locally sourced raw materials.
- Trends in US textile and clothing imports, March-April 2007, (March-April 2007)
- Prospects for the Textile and Apparel Industry in Malaysia, (November-December 2006)
- World textile and apparel trade and production trends, September-October 2006, (September-October 2006)
- Prospects for the textile and clothing industry in Indonesia, May-June 2006, (May-June 2006)
- Outlook for Asian Textile and Clothing Trade in the Post-Quota Era, (November-December 2005)
- Prospects for the textile and clothing industry in Thailand, May-June 2005, (May-June 2005)
- Profiles of Three Leading Hong Kong Textile and Clothing Companies: Ace Style, Crystal Group and Pacific Textiles, (November-December 2004)
- Profiles of Three Leading Singapore Clothing Companies: Ocean Sky, Sing Lun, and Unistar Goo-Way Sourcing, (May-June 2004)
- Profiles of Five Malaysian Textile and Apparel Producers, (January 2003)
- Profile of Dogi: A World Leader in Stretch Knitted Fabrics, (September 2002)
|
|
an editorial think-piece on a topical issue from an industry expert