Bangladeshi Knitwear Production to Expand at 15.4% CAGR by FY 2014

According to our research “Bangladesh Apparel Industry Analysis”, Bangladesh represents one of the most fastest growing and high growth potential apparel industries, not only in the Asian continent, but also in the world. Regardless of unfavorable global economic conditions, Bangladeshi apparel industry observed remarkable growth during the last few years. Knitwear segment in particular, has been witnessing astonishing market expansion and outpaced overall market growth by margins. The report further revealed that, the segment will sustain its strong market developments and its production will expand in double digit bracket during FY 2011-FY 2014.

The research identified that, knitwear production is quite export-oriented and product quality and attributes are kept as per the international requirement. High profit margins and favorable government policies have attracted various international players to establish their manufacturing base in the country for their foreign export considerations. The segment is well poised for export growth acceleration especially in American continents owing to various supporting factors, discussed and analyzed in the report.

Further, other apparel segments, such as Woven wear and Sweaters are witnessing tremendous market growth at both supply and demand fronts. Although at present, most of the manufacturers belong to the SME category and offer a wide range of products in the segment, global apparel giants are also considering the market to source their large production needs. We expect these developments to position Bangladesh as an apparel industry hub in the region, suitable for massive investments.

Our report “Bangladesh Apparel Industry Analysis”, is an outcome of extensive research and conceptual analysis of Bangladesh’s burgeoning apparel industry and its sub segments. The report provides statistics/information on the overall apparel demand, production by segments (knitwear, woven wear, and sweaters), and exports’ analysis. It also covers all the factors and drivers responsible for the industry’s current and future developments. Labor, cost economics, and raw material market trends facilitate crucial market’s intelligence on manufacturing matrix and its feasibility in Bangladesh.

Most importantly, the report also presents industry forecasts based on the correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the Bangladesh apparel industry, which will prove decisive for the clients.

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