Bangladesh May Lose Readymade Garment Export Orders From China.

Views : 212
Update time : 2023-11-08 16:16:18
Bangladesh May Lose Readymade Garment Export Orders From China.
For the first time since 2019, demand for inspections and audits by Western apparel buyers in Bangladesh fell 10 percent year-on-year between January and September, while it rose 14 percent in China, QIMA said.

US buyers seem to be scaling down their textile and garment sourcing from Bangladesh, which should diversify its suppliers to protect exports, the report said.
For the first time since 2019, western apparel buyers' demand for inspections and audits in Bangladesh declined year-on-year for the first time between January and September this year by 10 percent, while it rose by 14 percent in China, according to a new report by QIMA, a Hong Kong-based quality control, and supply chain auditing firm.

Global apparel brands and retailers are pushing to increase sourcing from China and decrease sourcing from Bangladesh, the report noted. US buyers in particular seem to be sourcing fewer textiles and garments from Bangladesh, the report said.

Data from the Bangladesh Export Promotion Bureau (BEPB) also showed that the country's apparel exports in October this year declined by about 14 percent year-on-year to $3.16 billion, the lowest monthly value since August 2021, when the industry earned only $2.73 billion.
The report suggests that US and EU buyers' interest in sourcing from China may be picking up again - in the first nine months of 2023, China's relative share of their supplier mix grew for the first time since 2019.

With consumer spending in the West slowing due to fears of an economic downturn, brands and retailers may once again prioritize China as a supplier to take full advantage of the country's well-established manufacturing infrastructure, the report noted.

However, the QIMA report suggests that Bangladesh should diversify its suppliers to protect its exports from future shocks.
"The country's apparel industry, which is currently largely based on cotton, would benefit greatly from venturing into man-made textiles," the report said.

Bangladesh has a 34.7 percent share in the EU's cotton imports and only 12 percent in non-cotton apparel imports. Apart from readymade textiles, there is a great potential for exports of footwear, leather, and home textiles.
Related News
Advanced Textiles Expo Advanced Textiles Expo
Jul .17.2024
The Advanced Textiles Expo is a preeminent international exhibition dedicated to showcasing the latest advancements in textile technologies. Each year, it gathers leading industry professionals, innovators, and enthusiasts from around the world to explore the latest trends, network, and drive forward the textile industry. This annual event is renowned for its comprehensive coverage of advanced textiles, including high-performance fibers, smart fabrics, protective clothing, and much more.
Fusible Interlining for Sports Equipment Fusible Interlining for Sports Equipment
Jul .12.2024
The sports equipment industry is a dynamic and fast-growing sector, constantly evolving with advancements in technology and materials. One such material that has become increasingly important is fusible interlining. Fusible interlining plays a crucial role in enhancing sports equipment's quality, functionality, and durability.
Nonwoven in daily life ----- wipes Nonwoven in daily life ----- wipes
Jul .10.2024
Nonwoven wipes are an essential part of our daily lives, offering convenient and effective cleaning solutions in various settings. These disposable, absorbent products are made from nonwoven fabrics, which are constructed without traditional weaving or knitting.
How are nonwovens made? How are nonwovens made?
Jun .28.2024
Non-woven fabrics play an important role in various fields such as daily life, industry, agriculture, and the construction industry. How are non-woven fabrics made?