|【英語タイトル】Africa Textile Industry - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
❖ レポートの概要 ❖
The African textile industry is a varied one, but the seeming constant is their cotton market. There are many countries in Africa that currently grow and sell cotton. Six of them grow cotton under the label ”Cotton made by Africa”, which is one of the largest job producers as well, with 450,000 Africans working in the cotton business alone. The growing and selling of cotton is not their only textile industry though. South Africa has also gotten into technical textiles as well, by providing hemp to aeronautics companies for their products. Countries like Ethiopia are also starting to gain textile mills which employ locals and help businesses trying to escape the rising wages in countries like China. Companies like H&M have opened mills in Africa, since their wages are less, and the population can support the workers needed. They also create products like thread and yarn for global markets from cotton is grown and harvested in Africa.
The disruption of the COVID-19 pandemic on global value chains and its impact on African businesses is already evident. The pandemic and global economic lockdowns have had an immediate effect on textile production, sales, and trade. There has been a significant expansion in ecommerce and online shopping because of the lockdown. Clothing is a major and rapidly growing product category for ecommerce, but textiles are a rather niche online segment.
Key Market Trends
Impact of AGOA on the African Textile Industry
To boost the economic power of the African continent, the U.S. congress signed the African Growth and Opportunity Act (AGOA) through the US Trade and Development Act of 2000 into law on May 18 2000, and since its enactment, continuous tangible results and tremendous success have been achieved till the present by the eligible members such as Kenya, Malawi, Lesotho, Equatorial Guinea, Gabon, Zimbabwe and Gambia among others.
Through AGOA, US opened up its market for African products, textiles taking the lion’s share where it offers sub-Saharan exporters of apparel to the U.S. market a duty-free access which is a great leverage over non-eligible members such as Asian countries thus, reducing cost of production which gives the U.S market a better option for African textile products such as infants wear, grey fabrics, spun cotton yarn, wool, ginned cotton etc. These products have the most potential for competitive production in Sub-Saharan African countries either for direct export, or for use in downstream production of apparel for export to the United States than other continental market like Asia, and Europe among others.
Textile producers and exporters across Africa rely majorly on the impact of new trade rules that took effect in January 2005. The rules, negotiated at the World Trade Organization (WTO), opened up to market forces a sector that had been protected for more than 30 years by ending a quota system in industrial nations which resulted in a ready market for textiles and apparel from African and other developing countries.
Also, the demand for African textiles and garments is increasing globally, and African patterns are gaining recognition as truly fashionable and iconic pieces. International fashion houses are integrating more and more African influences in their latest collections.
Rising Investment in Ethiopia
Major Chinese textile companies are stepping up sourcing and investment plans in Ethiopia following a visit to the African country by a delegation of industry representatives organized by the International Trade Centre.
Over the last twenty years, China has become an increasingly important source of financing in African economies, including in Ethiopia’s young but fast-growing manufacturing sector.
In 2018, China Chamber of Commerce for Textiles (CCCT) have sourcing agreements and explored investment partnerships with Ethiopia-based partners of local textile companies and leaders of Ethiopian Textile and Garment Industry Association as well as with high-level government officials.
The Chinese delegates were impressed by Ethiopia’s progress on improving infrastructure, including roads, trains, and electricity, though they suggested that further enhancing labour productivity and lowering logistics costs would make the country an even more attractive destination for investment.
The current trade tensions between the United States and Beijing were cited as an additional incentive for Chinese firms to invest in Ethiopia, with increasing difficulties associated with exporting from China.
The report covers major international players operating in the Africa Textile Industry. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
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1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Application
5.1.2 Industrial/Technical Applications
5.1.3 Household Applications
5.2 By Material Type
5.3 By Process
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 CIEL Textile Ltd.
6.2.2 Almeda Textile Factory Plc
6.2.6 Gelvenor Textiles
6.2.7 Mediterranean Textile Company S.A.E
6.2.8 Saygin-Dima Textile Sc
7 MARKET OPPORTUNITIES AND FUTURE TRENDS