CURRENT TRENDS IN THE DEVELOPMENT OF LIGHT INDUSTRY: THE WORLD, THE EAEU, ARMENIA
For many developing countries, the light industry has become one of the drivers of their rapid economic growth in recent decades. The advantages of developing the light industry, on the one hand, are based on the labor intensity of the manufactured products, that is, the employment problem is partially solved, on the other hand, the light industry requires high-tech equipment, a developed chemical industry, agriculture, etc., and, thus, can be considered as a growth factor for other sectors of the economy. In the sectoral structure of the EAEU economy, Russia accounts for the prevailing share in the light industry, but Armenia and Kyrgyzstan are the leaders in terms of the share of light industry products in the products of the entire manufacturing sector of each country, which indicates a higher significance of this industry for their economies. In terms of export volumes of light industry products, Armenia ranks second in the EAEU (21% of the exports of the Union countries), mainly due to the wearing apparel sector (33% of the EAEU volume). The calculated values of the import penetration index for the wearing apparel and leather products sectors in Armenia exceed 1, which indicates re-export. Analysis of the dynamics of production and export volumes of light industry products in Armenia indicates an increase in the importance of this sector in the countrys economy, as well as a growth of the role of the EAEU countries markets in Armenian export flows. The conducted study allowed us to assume the existence of opportunities for creating the light industrys clusters in the EAEU with the participation of Armenian manufacturers.
Voskanyan M.A., Hayrapetyan V.L. “Current trends in the development of light industry: the world, the EAEU, Armenia”, Research Result. Economic Research, 11(2), 4-16, DOI: 10.18413/2409-1634-2025-11-2-0-1
While nobody left any comments to this publication.
You can be first.
1. Abernathy F. H., Volpe A., Weil D. (2006), “The Future of the Apparel and Textile Industries: Prospects and Choices for Public and Private Actors”, Environment and Planning, 2006, 38, 2207-2232.
2. Balchin N., Calabrese L. (2019), Comparative country study of the development of textile and garment sectors, London: ODI
3. Fernandez-Stark K., Bamber P., Couto V. (2022), Analysis of the Textile and Clothing Industry Global Value Chains. https://doi.org/10.18235/0004638
4. Gonzales F., Nordås H., Lioussis M. (2021), “Measuring competition in services markets with pass-through and speed of adjustment”, OECD Trade Policy Papers, No. 258, OECD Publishing, Paris, https://doi.org/10.1787/10d92b8d-en.
5. Fronczek M., (2017), “Import penetration rate in view of a new concept of measuring foreign trade”, Argumenta Oeconomica, 38, 285-297, 10.15611/aoe.2017.1.11.
6. “Global Overview of the Textile and Leather Products Industry”, available at: https://www.euromonitor.com/global-overview-of-the-textile-and-leather-products-industry/report (Accessed 02 February 2025)
7. International Yearbook of Industrial Statistics, Edition 2024, UNIDO, available at: https://www.unido.org/sites/default/files/unido-publications/2024-11/YB-core-2024-yearbook-pdf.pdf (Accessed 31 January 2025)
8. Izsak K, Shauchuk P. (2020), “Technological trends in the textiles industry”, Advanced Technologies for Industry – Sectoral Watch, European Commission, available at: https://monitor-industrial-ecosystems.ec.europa.eu/sites/default/files/2021-01/Technological%20trends%20in%20the%20textiles%20industry.pdf (Accessed 01 February 2025)
9. Latha R., Pujar S.R., Sangeetha K. (2015), “A Study on Experience of Textiles and Apparel Industry in Various Countries”, International Journal of Research in Management. Issue 5, Vol. 6, 2015, P. 8–16, available at: http://www.rspublication.com/yrm/yrm_index.htm
10. Ľuptáková M.M., Csefalvayová I.P. (2020), “Textile and Clothing Industry. Problems and Solutions”, Ambrela – Platform for Development Organisations in cooperation with the Institute for Circular Economy, available at: https://ambrela.org/wp-content/uploads/2020/07/Textile_and_Clothing_Industry-Problems_and_Solutions-Ambrela_publication.pdf
11. Causton M. (2021), “Japans Apparel & Textile Market”, EU-Japan Center for Industrial Cooperation, available at: www.EUbusinessinJapan.eu (Accessed 01 February 2025)
12. Qiang Ch. Zh., Liu Y.; Steenbergen V. (2021), An Investment Perspective on Global Value Chains. © Washington, DC: World Bank. http://hdl.handle.net/10986/35526 License: CC BY 3.0 IGO
13. “Textile, Apparel and Footwear Industry”, New Industrial Master Plan 2030, Ministry of Investment, Trade and Industry of Malaysia, available at: https://www.miti.gov.my/ (Accessed 02 February 2025)
14. Understanding the WTO: The Agreements. Textiles: Back in the Mainstream, available at: https://www.wto.org/english/thewto_e/whatis_e/tif_e/agrm5_e.htm (Accessed 02 March 2025)
15. Bogachev Yu.S. (2017), “Technological Structure of the Manufacturing Industry as a Factor in the Sustainable Development of the Russian Economy” Strategic Management. Management Sciences, 3, 21-29.
16. Voronina T.V., Ishkyeeva G.N. (2018), “The State of Light Industry in the EAEU Countries and the Prospects for the development of Eurasian Value Chains, Bulletin of the Altai Academy of Economics and Law, 8, 51-61.
The scientific article is published within the framework of the scientific research of the Federal State Funded Educational Institution for Higher Education – Russian Foreign Trade Academy of the Ministry of Economic Development of the Russian Federation "Definition and assessment of the Republic of Armenias needs in critical goods (food, energy, intermediate goods, etc.) necessary to meet the growing consumption and development of its economy. Development of recommendations for meeting certain needs, including taking into account the capabilities of the EAEU countries".