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Ethiopia sets USD 30 bn target for textile and garment exports

YarnsandFibers News Bureau 2017-05-08 14:00:00 – Africa

Ethiopia is aiming ambitious target to generate USD 30 billion from the export of garment and textile by the year 2025. However, it is not the first time for the government to look to the textile and clothing supply chain as one of the country’s key targets for growth whose shipments are only 115million USD 8 years before the year 2025.

The target set is 300 fold rise in shipments within 8 years. Back in 2015, the country’s annual export for clothing was 73.25 million USD.

According to Dr. Arekbe Oqubay, Special Advisor to the Prime Minister Hailemariam Desallegn, the plan will transform Ethiopia to a compelling new sourcing hub for brands, retailers and their suppliers.

By 2025 they want to make Ethiopia the leading apparel and textile manufacturing hub in Africa capable of exporting up to $30bn. This is the single, bold vision they have. It is a challenge, but one they are confident that they can achieve. They believe if Vietnam can do it, if Bangladesh can do it, Ethiopia can do it even better.

Until 2010 the prime focus was on agriculture, an even in the last 5 years it has been in transition, Arkebe noted. But now they are giving more attention to manufacturing. And if they look at manufacturing, then apparel and textiles is out top priority because it’s the largest employing industry, and also the international market is significant: every household requires apparel and textile products.

According to Ranjan Mahtain, Chairman and CEO of Hong Kong based Epic Group, one thing unique in Ethiopia is that there has never been such an organized roadmap dedicated to apparel and textiles.

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