Bangladeshi garment industry back to pre-pandemic levels
Nicola Mira
Bangladeshi apparel exports were worth $35.8 billion in 2021 (€33.05 billion). This was equivalent to a 30% increase over fiscal 2020, a year that was severely affected by lockdowns and order cancellations. It was also an increase of 8.2% over 2019, marking the Bangladeshi industry’s long-awaited return to pre-crisis levels.
Notably, Bangladesh’s textile/apparel sector currently accounts for 81.16% of the country’s exports, up from 78.2% a decade earlier. The European Union (plus the UK) remains by far the first client for Bangladeshi garments, having placed orders worth €20 billion (up by 27.74%).
Historically, the EU’s second largest supplier after China, Bangladesh’s main client countries in Europe are Germany (importing goods worth €5.7 billion), the UK (with €3.5 billion), Spain (€2.3 billion), and France (€1.8 billion).
The U.S. was instead the destination for nearly 20% of Bangladesh’s apparel exports, with orders worth €6.67 billion last year (a 43.62% increase).
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA
In the fiscal year that closed at the end of June 2021, Bangladeshi manufacturers reported exporting mainly trousers and jeans (for €9.8 billion), knitted t-shirts and shirts (€6.6 billion), sweaters (€3.8 billion), cotton shirts and blouses (€1.84 billion) and underwear (€1.64 billion).
Before the pandemic, aware that the industry was too focused on certain products, the head of BGMEA told FashionNetwork.com