Business Opportunity Report Ethiopia - Textile & apparel Industr
Ethiopia’s economy is primarily based on agriculture but over the last 5 years the government has been determined to diversify the exports with a priority set for strategic sectors like light manufacturing, textile- and garment manufacturing. The Ethiopian textile – and apparel industry has huge potential and has grown an average of 51% over the last 5-6 years. With a key focus on Foreign Direct Investments (FDI) the government is driven to open up their textile- and apparel market to mid- en large scaled foreign investors. Retailers like H&M, Primark and Tesco have established offices in 2012 and are buying clothing- finished products- from Ethiopian manufacturers. For smaller scaled textile industry companies the sector however offers large potential as well. Half of Ethiopian textile- and apparel companies are SME’s of 500-1000 workers that are able to handle small run orders for Dutch and European mid segmented fashion retailers.