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

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

BIDA’s Europe trip to showcase a different Bangladesh

Apparel/Garments | On 19th Apr 2018

BIDA’s Europe trip to showcase a different Bangladesh

The Bangladesh Investment Development Authority (BIDA) is taking a...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

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

Steve Cole
Xerium Technologies

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

Judy Frater
Somaiya Kala Vidya

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search