Home / Knowledge / News / Apparel/Garments / Bangladesh to be largest global apparel exporter to US
Bangladesh to be largest global apparel exporter to US
23
May '11
Bangladesh apparel exports to the United States have shown a phenomenal rise of 39 percent in value terms so far in 2011, according to a report by the UK-based Textiles Intelligence, a leading provider of business information on the global fibre, textile and apparel industries.

The report 'Trade and Trade Policy: The US Clothing Import Market', published in the latest issue of Global Apparel Markets, says Bangladesh will emerge as the fastest growing apparel supplier to the US market in 2011.

The report states that Bangladesh will be closely followed by Cambodia as its exports to the US markets have witnessed a 31 percent surge in value terms in 2011.

El Salvador and Honduras are set to be the third and fourth fastest growing clothing suppliers to the US markets, respectively. The US apparel import from El Salvador has seen a 23 percent rise, while the import from Honduras has risen by 19 percent.

Along with these four countries, the report places Pakistan as among the cheapest of the USA's ten leading apparel suppliers in 2010. This denotes that the US buyers continue to prefer low-cost goods as they await the US economy to completely recover from the recent global recession.

Bangladesh garment industry analysts say that 58 percent of the country's total garment export is to the European markets, followed by 34 percent to the USA, and a meager 8 percent to the other parts of the world.

In the first ten months of fiscal 2010-11, the overall readymade garments export by Bangladesh increased by 42 percent, i.e. to nearly US$ 17 billion, against the corresponding period of the previous fiscal.

Several factors have contributed to this huge increase in Bangladesh apparel exports. First, the sharp increase in production costs in China has resulted in diversion of international buyers towards Bangladesh. Second, international buyers are placing more work orders as Bangladesh now enjoys duty-free, quota-free (DFQF) market access under the EU liberalised rules of origin criteria.

Lastly, major international buyers prefer to place bigger orders with Asian manufacturers as the US consumer confidence is returning. This can be seen from the fact that the growth in El Salvador has been slower so far in 2011 compared to the previous year, while it has remained the same in case of Honduras.

The Textiles Intelligence report, however, added that the average price of US apparel imports saw an increase as a whole, after having witnessed a fall in the previous four years. All the countries exporting clothing to the US increased the prices of their products in the first two months of 2011, in consonance with the rise in prices of raw material.

Fibre2fashion News Desk - India


Must ReadView All

Sanjay K Jain, managing director, TT Ltd

Textiles | On 21st Sep 2017

TT’s Sanjay Jain elected new chairman of CITI

The Confederation of Indian Textile Industry (CITI), the apex body...

Textiles | On 21st Sep 2017

NRF urges US lawmakers to lower corporate tax rates

The National Retail Federation (NRF) has written to the US Senate...

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Kevin Nelson
TissueGen

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

Marcel Alberts
Eurofibers

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Bani Batra

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

September 2017

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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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