The use of non-cotton fibre in garment production in Bangladesh increased to 29% from 25% over the last three years. The rise was owing to local apparel exporters moving away from cotton to incorporate more man-made fibre to get better prices and increase business, according to the findings of a
Garments exports from Bangladesh earned $46.99 billion in fiscal 2022-23, registering a moderate y-o-y growth of 10.27%, which was $42.61 billion in the last fiscal year, according to the Export Promotion Bureau (EPB). Apparel exports helped in taking the country's overall exports in fiscal 2022-23 to another record-high of $55.56
The sector has witnessed a qualitative shift in product portfolio, moving beyond basic garments to higher-end products like non-cotton, outerwear, activewear and suits. Apparel exports from Bangladesh hit a milestone last year fetching an all-time high of nearly $47 billion, eclipsing the previous record set in 2022 by about
Garment exports from Bangladesh may witness moderate growth of between 7 and 10 percent in 2024 after struggling to perform strongly in the outgoing year due to a global economic slowdown. In January-November of the outgoing year, garment shipments from the country grew 4.35 percent year-on-year to $42.83 billion,
Garment exports from Bangladesh are anticipated to experience a moderate growth ranging between 7 and 10 percent in 2024, rebounding from a sluggish performance in the previous year due to a global economic slowdown. Throughout January-November of the past year, the country’s garment shipments registered a modest year-on-year growth of
