Post-2011 political reforms in Myanmar, the country has witnessed a huge Foreign Direct Investment, especially from China and Japan. The labor is cheap, resources are available and the country also enjoys GSP from the European Union. All these positive conditions made Myanmar a valuable destination for the Garment Industry.
The major exporting destinations of Myanmar include the USA, EU, and Japan, however, the country is yet to develop infrastructure to be able to become independent in terms of Raw Materials.
In this report, we’ve done the analysis of Denim Apparel Exports Of Myanmar from 2016 to 2019 and our analysis focuses on three fundamentals :
- Quantity Exported
- Average Price
- % Change
- YTD – Jan To Aug 2019
|
CONTENTS |
| Graphs and Tables Showing Denim Exports From Myanmar To EU And The Average Price Of The Same During 2016-2019 |
| Graphs and Tables Showing Mens and Womens Denim Exports From Myanmar To EUÂ During 2016-2019 |
| Graphs and Tables Showing Average Price Of Mens and Womens Denim Exported From Myanmar To EUÂ During 2016-2019 |
| Graphs and Tables Showing Denim Exported – Men &Women From Myanmar To EU For Jan- Aug 2018 & Jan- Aug 2019 |
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Jeans Exports
Jeans export from Myanmar to the EU has been maintaining a great growth track till 2018, however, in the year 2019, the growth is expected to slow down as early trends do not offer any hope to believe that it will be able to maintain the same track record also after the end of this year.
Comparing the export figures, this is to be noted that, Myanmar’s denim export witnessed a surge of 300% since 2016. In 2016, the export was only 6.72 lacs pcs which reached up to the level of 2.85 million pcs. The average price remained constant with minor fluctuations around euro 5-6/pc.
Â
|
Year |
Denim Exported ( Pcs) |
Average Price ( €/Pc) |
|
2016 |
672,482 |
5.47 |
|
2017 |
1,767,366 |
5.59 |
|
2018 |
2,858,809 |
4.91 |
|
2019( Projected) |
2,826,677 |
5.15 |
Men V. Women Denim Exports
Myanmar happened to be more into Women Denim as it caters to fast fashion and its share is approx. 65% of the total export of Jeans, however, things got changed substantially in the year 2019 when the share of women denim in the total export fell below 45% and the share of Men Jeans reached close to 60%.
In the year 2018, the jeans export ratio of Women : Men was 66:34 and the total export of women jeans was approx. 1.89 million pcs, against which, the export of Men’s Jeans was only 9.66 lacs pcs. In 2019, the women jeans export are expected to fall down up to 1.16 million pcs.
The average price of Women denim is more competitive than Men’s denim. The average price of Women denim revolved around Euro 4.3-5.5/pc however the price of Men’s denim has been fluctuating between Euro 5 & 6 per piece.
|
Year |
Men ( Denim Exported – Pcs) |
Women( Denim Exported – Pcs) |
Men ( Av Price – Euro/Pc) |
Women ( Av Price – Euro/Pc) |
|
2016 |
226,024 |
446,458 |
5.36 |
5.52 |
|
2017 |
523,023 |
1,244,343 |
6.27 |
5.3 |
|
2018 |
966,776 |
1,892,033 |
6.02 |
4.35 |
|
2019(Projected) |
1,660,433 |
1,166,244 |
5.72 |
4.32 |
YTD – August 2019
Jeans export from Myanmar to the EU has been dipped by 5.23 % if we compare YTD August 2019. During Jan-August ’18, the Men’s Jeans export witnessed a humongous surge of 72.45 % which led the export of Men’s Jeans from 6.41 lacs pcs to 1.10 million pcs. However, on the contrary, the export of women jeans witnessed a fall of 42.26% during the same period.
|
Particulars |
Jan-August 2018 |
Jan-August 2019 |
% Change |
|
Men |
641,892 |
1,106,955 |
+72.45% |
|
Women |
1,346,478 |
777,496 |
-42.26% |
|
Total |
1,988,370 |
1,884,451 |
-5.23% |
[/private_special]
The export figures of Myanmar are still very small when compared to larger exporters. However, there is increased investment in the country and the country seems to be on growth path and it is expected that the country will be a medium sized garment exporter in next few years.
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