ABOUT THE MARKET
In 2023, Kazakhstan's textile industry demonstrated significant growth.
- Production volume increased by 22.9% compared to the previous year, reaching 237.4 billion KZT, with textile product manufacturing rising by 18.3%.
- The highest growth rates were observed in categories such as terry and pile fabrics (7.1 times increase), nonwoven materials (4.7 times), and cotton yarn and threads (2.4 times).
- Textile product exports in Kazakhstan reached $50.5 million, more than double the 2014 level.
- Key export products included cotton fabrics, polypropylene packaging bags, and bed linen.
- Imports of textile products amounted to $1.239 billion, indicating significant demand for finished products and opening opportunities for domestic production.
As of January 1, 2024, there were 1,885 enterprises in the light industry, 610 of which are engaged in textile manufacturing (small - 596, medium - 7, large - 7). All these enterprises are privately owned, accounting for 100% of the total.
At the same time, the Ministry of Industry and Construction Materials of the Republic of Kazakhstan is taking measures to further develop the light industry and increase the share of domestic producers:
- Adoption of the Light Industry Development Roadmap for 2022-2025 (Order No. 51 of the Ministry of Industry and Construction dated October 31, 2023).
- Allocation of 50 billion KZT in funding for light industry projects at an interest rate of no more than 3% per annum for end borrowers through JSC "FRP".
- Exemption of light industry goods from the national treatment regime (Resolution No. 99 of the Government of Kazakhstan dated February 19, 2024).
- Amendments to the Rules for Providing State Incentives for industry aimed at increasing labor productivity in industrial and innovative activities (Order No. 308 of the Ministry of Industry and Construction dated March 7, 2024), including reimbursement for the cost of acquiring technological equipment, among other measures.
Sources: Ministry of Industry and Construction of the Republic of Kazakhstan
