Bangladesh Garments Market: An Overview

1. Knitwear production Contact Information : http://www.textilebangladesh.com/, Mail id:- levi@htci.fr , Address:- 91 rue du Faubourg St Honoré, PARIS, LA, 75008,France The Bangladesh garment industry is one of the large scale industries of the country which employs millions of workers. Most workers employed in this industry are women and the industry contributes a good percentage to its Gross Domestic Product (GDP). With changing times, Bangladesh garment manufacturers are coming up with new products to meet domestic as well as global demand. If one talks about concentration, then Bangladesh has around some major garment producing hubs which specialize in Knitwear production. In some part of the country, it has emerged as hubs for production and export of readymade garments for women and children. Some are also known for production of high-quality readymade garments.

2. Bangladesh garments are known for their quality all across the globe. The demand for garments manufactured in Bangladesh is increasing exponentially the world over because Bangladesh manufacturers produce high-quality products at a relatively cheaper rate than other countries. The major markets where these garments are in high demand are US, UK, Germany, Italy, France, Spain and Turkey. Apart from increasing demand in the international market, Bangladesh's own fashion statement has undergone rapid changes over the years which have significantly bolstered the domestic demand. Lately, garment exporters of the country have been facing tough competition from China and India. However, with orders being diverted, the sector is brimming with confidence. It is to be noted that the government has targeted a good amount of exports in this fiscal year. The recovery of American economy and high demand from Europe has helped the country's garment sector. China, one of India's major competitors in the sector, has been losing its edge because of rising labor and raw-material costs.

3. The garment industry of the country, however, is plagued with several problems. But overcoming these problems, the country has shown a very good improvement in knitwear production. Though Bangladesh produce garments at a low price as compared to other countries, yet escalating raw material costs lately is a major concern. Labor costs and cotton yarn prices have increased manifold in recent years, which is putting pressure on manufacturers. Bangladesh also needs to revisit its labor laws and invite more foreign direct investment in the sector to gain a competitive edge. Production efficiency also needs to be enhanced and manufacturers need to know the recent trends at the back of their hands to sustain against global competitors. We at Textilebangladesh.com with many years of vast experience in the field of manufacturing, marketing and exporting of garments. For more information about knitwear production Bangladesh, Please visit our website today.