Sweater – A growing sub-section of RMG sector in Bangladesh: Sweater production and export is the promising subsection of Bangladesh RMG sector. As per a report from the Dhaka Tribune, With the technological up-gradation of this sector, it contributes to the western business market expanding with fulfilling winter season demand. During an interview with the Dhaka Tribune, Mohammed Nasir, Vice President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said that “Sweater manufacturers upgrade their machinaries from manual to automatic, for this
Sweater Export Growth of Bangladesh
A significant number of Bangladeshi sweater factories have enhanced their production capacity or set up new manufacturing units to cope with the growing demand for sweaters from global apparel buyers. SQ, Dragon, Tupa, Starlight and Diganta Sweaters are some of the major sweater manufacturing in Bangladesh, expanded their capacity at least once recently. Walmart, Marks, and Spencer (M&S), GAP, Tesco, H&M, JC Penney, Zara etc. are the top foreign buyers of Bangladesh sweater section.
Having a look over the export growth of Bangladesh Sweater section, it has seen that it obtained an improvement steps of stair. Though we have same complicacy of port & logistics system, on contrary we have a goodwill of our quality & trendy sweater products. Meanwhile competition Chinas product diversification is another chance for our sweater section to grab global orders. Saif Ahmed, deputy general manager of Mohammadi Group, which exports nearly three million pieces of sweater in a year, said that work orders shift from China to Bangladesh is another factor for the higher shipment. Hopefully in near future this section will lead as like as knit or woven section.
Lingerie Export of RMG from Bangladesh
Lingerie: Another growing sub-section of RMG sector in Bangladesh: Once upon a time, lingerie was an intangible part of fashion, but with the change of fashion & style it becomes a part of fashion & fashion industry. Bangladesh lingerie industry also developing with times after steeps in global market from 2008. As per International Trade Centre (ITC) report, global lingerie export worth is around $23 billion. China leads the market of lingerie exporting countries with 37%share, while Hong Kong and Sri Lanka leads as second and third with 8.78% and 5.65% of worth respectively. Bangladesh is the 4th largest lingerie exporter with 5.23% share in the global market. Vietnam, India, France, Germany, Cambodia, and the Netherlands are also in the list. Top foreign buyers of Bangladesh lingerie items are H&M, Hunkemöller, Women’secret, Ostin, Ariela-Alpha., M&S, Victoria’s Secret etc. Asif Zahir, director of Ananta Group said that, “Lingerie is an upcoming sector, this is a big market.”
Lingerie Export Growth of Bangladesh
As per the Apparel story, among a wide variety of intimate apparel items, bra dominates global market with more than half of the total share of worthwhile briefs represent around 33% and corsetry 10%. According to Analysts of Technavio, an international research company, within 2021 global lingerie market will grow at a CAGR of 4.30%. After realizing the global market trend, so many apparel icons of Bangladesh expanded
Lingerie Products Exported from Bangladesh
As per, Apparel Resources News-Desk, M Ghulam Faruq, Chairman of SQ Birichina, said that, “To be honest, Bangladesh is still not doing much to produce the premium segment of lingerie items.” He thinks that lingerie is an item that needs continuous changing of fashion with taste change. “You need continuous innovation in fabric design and product design to stay competitive in the lingerie market. It is a difficult business,” he quoted. Manufacturer starts investing on this growing section of RMG sector in Bangladesh. Bangladesh need strong R&D as well as design & innovation team for the development of this sector. In coming future, it will be indeed a great sector of GDP earning as like as knit, woven or denim.
- The Apparel story
- Textile Today
- The Financial Express
- The Dhaka Tribune
- Export Promotion Bureau