Textile and clothing manufacturing is an important industrial segment covering both textile production and finished apparel manufacturing. AGIC’s research is based on 2018 financial statements and reviews the financial position of leading market participants, as well as the sector’s historical production and foreign trade dynamics.
The companies reviewed in the report generated aggregate turnover exceeding GEL 110 million, while total assets amounted to GEL 92 million. According to the study, average return on assets (ROA) was 6% and return on equity (ROE) was 9%. Geostat data included in the report show that in 2018 textile production in Georgia amounted to GEL 33 million, clothing production to GEL 206 million, and sector employment to 8,507 people.
The full report also covers historical trends in production, turnover, employment, labor costs and fixed-asset investment for 2014–2018, together with textile and clothing export-import data. This historical information can support businesses, investors and financial managers in industry benchmarking and financial analysis. Note: the methodology section refers to 8 market-leading companies, while the results section refers to 9 companies; therefore, the website text intentionally does not state an exact company count.