Home / Knowledge / News / Apparel/Garments / Bangladesh surpasses India in knitwear exports
Bangladesh surpasses India in knitwear exports
21
Oct '11
Bangladesh has surpassed India to become the second largest knitwear exporter in spite of the country buying yarn from India at a premium. High cost of labour, energy and water are taking a toll on Indian knitwear industry though the country has a good raw material base.

In 2005, both India and Bangladesh had around 2.5 percent market share in global knitwear trade. But, since then Bangladesh progressed to overtake India and emerge as the second largest knitwear exporter after China. Currently, China's knitwear exports account for 33.5 percent of the world market.

In T-shirt exports, Bangladesh is ranked first globally, while India is placed fifth. In exports of kidswear, Bangladesh occupies second position compared to India's fourth place. Similarly, in case of exports of cardigans and pullovers, Bangladesh is at second position as against India's tenth.

The knitwear industry in Bangladesh operates under both small and large units. The small units have around 100 stitching machines on an average, while the large units house around 1,000 stitching machines. In addition, contract labour is allowed in Bangladesh. In contrast, the cost of labour, energy and water is higher in Indian knitwear clusters of West Bengal and Tirupur.

In fact, Tirupur knitwear cluster is currently under crisis due to the closure of processing units from January this year. As a result, some manufacturing units have opted to outsource their wet processing operations to other States in the country like Punjab and Gujarat, resulting in a two-fold increase in their dyeing costs. This has also affected the export competitiveness of Tirupur knitwear cluster.

The cost advantage enjoyed by Bangladesh would also enable the country to supply its garments to India at a cheaper price. The recent increase of the quota-free export limit to 10 million garment pieces from Bangladesh to India will further boost Bangladesh's knitwear exports to India. This would further affect the Indian knitwear industry.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search