Home / Knowledge / News / Apparel/Garments / Bangladesh garment export growth slackens
Bangladesh garment export growth slackens
13
Mar '12
Bangladesh's apparel exports have shown a positive growth rate during the initial eight months of the current fiscal which started on July 1, 2011. However, the growth momentum has slowed down due to financial crunch in EU, the country's main apparel export destination.

The earnings from knitwear item exports growing at a year-on-year rate of 8.73 percent touched US$ 6.29 billion during July-February period, far below 43.93 percent growth achieved during the corresponding period of last fiscal.

Similarly, woven garment exports rose by 22.20 percent to US$ 6.26 billion during the period, compared to growth rate of 37.95 percent registered during the same period of previous fiscal.

According to an expert, though Bangladeshi apparel exporters have been able to retain positive growth momentum, financial crunch in the EU is restraining exporters from getting good price for their products.

He added that an atmosphere of uncertainty exists on whether the country's garment sector would be able to achieve its 2011-12 export target of US$ 20.3 billion, with producers being badly hit by gas crisis.

He suggested that in order to tackle the current situation it is necessary to enhance the efficiency of domestic workers and develop the country's infrastructure.

Handling the impediment caused by EU recession calls for cutting the cost of production, but power crunch and hefty bank interest rates are not allowing the producers to cut costs, the expert said.

Meanwhile, producers are surveying newly emerging markets to reduce reliance on traditional markets, he informed.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Walmart

Apparel/Garments | On 23rd Mar 2017

Walmart acquires ModCloth

Walmart has acquired the assets and operations of ModCloth, one of...

Textiles | On 23rd Mar 2017

SIMA advises mills to avoid panic buying of cotton

The Southern India Mills' Association (SIMA) is advising mills to...

Apparel/Garments | On 23rd Mar 2017

Tulip Retail, True Fit personalise in-store shopping

Tulip Retail, a mobile application platform built exclusively for...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson
TissueGen

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
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