Home / Knowledge / News / Apparel/Garments / Govt blamed for loss of US market share – garment exporters
Govt blamed for loss of US market share – garment exporters
Apr '10
With no government backing during the economic meltdown, Bangladesh's exporters, unlike their competitors who cut prices, had to raise prices of their garment exports to the United States, thereby incurring a fall of 4.5 percent last year.

Anwarul Alam Chowdhury, a leading exporter and former President, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said, “The profitable market that we witnessed in USA is now slowly diminishing, as our garment products were highly priced, despite the economic downturn.”

Anwarul also stated that, their competitors such as, China, India, Vietnam and Cambodia, lowered their prices to continue to sustain in the US market. USA is Bangladesh's biggest buyer for its garment products that summed to $3.3 billion in 2009 alone.

While prices of Bangladesh-made garments soared by 2.32 percent in 2009, that of Cambodia's fell by 6.59 percent, China's was cut by 12.44 percent, India's declined by 4.68 percent and Vietnam's plummeted by 12.42 percent.

“Since their governments supplied them with incentives, our competitors were able to offer lower prices, unlike Bangladesh's government that was unsuccessful in taking the right decisions during the crucial times of economic meltdown”, said Anwarul.

While India brought down their currency by almost 28 percent and cut interest rates, Vietnam and Pakistan too, lessened their currencies by almost 30 percent un 2009. On the other hand, China, the biggest apparel manufacturer in the world, during the economic meltdown, increased the export tax rebates.

According to Anwarul, “The local apparel manufacturers can reduce their overseas sales prices by 3 percent, if the government decides to spend $210 million as a stimulus package.” Garments account for 80 percent of Bangladesh's total yearly exports, while the employment generated in this sector is close to 3 million and are mostly women.

Although, in this fiscal year, July 2009 – June 2010, Bangladesh's overseas sales target is $17.6 billion, 13 percent above last year, during the 2008-09 fiscal year, exports rose by 10.3 percent to $15.56 billion, the lowest growth in six years.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Kevin Nelson

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

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


Browse Our Archives


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