The Emerging Asia
Manufacturing Index 2024
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Navigating Asia’s Industrial Landscape
The Emerging Asia Manufacturing Index is a model for ranking manufacturing destinations to help international manufacturers address Asia regional knowledge gaps as they seek to better understand these rapidly changing investment and operating environments.
Currently covering eight countries, and based on the relative score ranking of data sources, the EAMI is researched and produced by Dezan Shira & Associates’ Business Intelligence practice, which is located throughout Asia and specializes in regional benchmarking and locations analysis for key sectors including manufacturing.
Each of the eight markets benchmarked in our ranking offers distinctive opportunities to foreign investors, varying according to the industry. We delineate each parameter of interest to manufacturers seeking the next investment destination in the comprehensive table available in our PDF report.
Shifting Tides in Asia’s Manufacturing Landscape
As the global economy embarks on its post-pandemic journey, the manufacturing sector is on the path to recovery. Yet, the aftermath of the pandemic lingers, presenting a mix of opportunities and challenges.
Over the past five years, more than 90 percent of North American manufacturing companies have diversified their production to various regions, including Mexico, Morocco, Turkey, and especially South and Southeast Asia. This trend is expected to persist, and Emerging Asia's manufacturing sector is undergoing rapid transformations.
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Measuring Asia’s eight dynamic emerging countries
Across eight key tiers to help you make informed business decisions
The table below is a gathering of our key findings based on multiple parameters within each of the eight core tiers.
Rankings by Subcategory (Tiers) of the Emerging Asia Manufacturing Ranking 2024 (1 = best)
Tier | Bangladesh | China | India | Indonesia | Malaysia | Philippines | Thailand | Vietnam |
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5 | 4 | 2 | 1 | 7 | 6 | 8 | 3 |
The Economy Tier, weighted at 13%, evaluates various parameters such as economic growth and inflation, offering insights into the overall economic landscape with a focus on stability, resilience, and growth potential. In this year’s ranking, Indonesia emerged as the frontrunner, supported by its low inflation rate, stable currency, and the lowest debt-to-GDP ratio among the eight countries assessed. In terms of economic growth within this tier, India, Bangladesh, and the Philippines take the lead. |
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8 | 3 | 6 | 5 | 1 | 7 | 4 | 2 |
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7 | 8 | 2 | 6 | 1 | 5 | 4 | 3 |
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8 | 2 | 7 | 5 | 3 | 6 | 4 | 1 |
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6 | 4 | 7 | 5 | 3 | 5 | 1 | 2 |
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7 | 1 | 5 | 6 | 3 | 8 | 2 | 4 |
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4 | 7 | 1 | 5 | 3 | 2 | 8 | 6 |
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8 | 1 | 4 | 3 | 2 | 7 | 6 | 5 |
Final Ranking
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8 | 1 | 4 | 5 | 3 | 7 | 6 | 2 |
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Want a comprehensive understanding of Asia's industrial dynamics? Get access to the complete EAMI report for detailed insights and analysis.
Download EAMI report⟶