Bangladesh Tops UK Clothing Supply Despite 2023 Slump
11 January 2024, Mumbai
WHY Bangladesh
Despite a recent drop in UK clothing imports, Bangladesh has become the top supplier by volume, claiming the crown from China.
Landmarks galore; This marks a major milestone in Bangladesh's rise to global apparel leadership.
While volume dominance is clear (28% market share), a 23% value share indicates scope for growth, particularly in higher-priced segments.
Revolutionising efficiencies
Moving beyond cost competition and towards value addition, niche markets, and backward integration will be key.
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is actively supporting this transformation through initiatives like the Center for Innovation, Efficiency and OSH.
As the industry embraces innovation and adapts to trends like virtual shopping and sustainable clothing, Bangladesh is poised to further solidify its position.
CREDITS: BGMEA press release
