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Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
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Knitwear exports surpass shipments from woven sector
24 Mar '09
1 min read
Bangladesh had been a rising star in the global apparel market during the past two decades, with the knitwear industry seeing a phenomenal growth. Presently, knitwear apparels from Bangladesh are exported to 90 countries; worldwide.
Knitwear industry in Bangladesh is currently outperforming the woven sector. The main reason behind this performance is the country's perfect backward linkages. 90% of the total fabric requirement of knitwear industries is being met by the local manufacturers.
On the contrary, woven manufacturers mainly depend on the imports. Export figures for 2007/08 provide ample evidence for the drastic growth of knitwear industry.
The overall market growth of clothing industry of Bangladesh experiences a year-on-year 20% growth rate, with the knitwear industry going through a period of unparalleled expansion.
Click here to view the complete article.
Knitwear industry in Bangladesh is currently outperforming the woven sector. The main reason behind this performance is the country's perfect backward linkages. 90% of the total fabric requirement of knitwear industries is being met by the local manufacturers.
On the contrary, woven manufacturers mainly depend on the imports. Export figures for 2007/08 provide ample evidence for the drastic growth of knitwear industry.
The overall market growth of clothing industry of Bangladesh experiences a year-on-year 20% growth rate, with the knitwear industry going through a period of unparalleled expansion.
Click here to view the complete article.
Fibre2fashion News Desk - India
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