Dhaka, Mar 04 (V7N) - Bangladesh’s apparel export outlook remains positive as work orders are expected to increase, maintaining the growth momentum into 2025, according to industry experts. The European Union’s apparel imports grew 1.53% in value in 2024, but a 6.83% decline in unit prices created downward pressure on sourcing countries, including Bangladesh. Despite this, Bangladesh's apparel exports to the EU grew 4.86% in 2024, reaching $19.77 billion, driven by a strong 10.18% volume increase.

Key factors behind this steady growth include value-added garment production, duty-free market access, improved workplace safety, and collective efforts by manufacturers and workers. These developments boosted buyer confidence, positioning Bangladesh as a crucial player in global exports. However, the country still faces profitability challenges due to falling unit prices, highlighting the need for strategic shifts in the industry.

Comparing Bangladesh to its competitors, China saw 2.61% growth in 2024, while Pakistan and Cambodia recorded higher increases of 12.41% and 20.73%, respectively. Meanwhile, Turkey’s apparel exports to the EU fell 6.64%, while Vietnam and India saw modest gains. Bangladesh must enhance value addition and diversify its markets to secure its competitiveness in an environment of global price deflation, according to Mohiuddin Rubel, former BGMEA director.

Looking ahead, Bangladesh’s apparel industry must focus on innovation, cost efficiency, and market expansion to sustain its export growth and protect its profit margins amid intensifying global competition.

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