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Political unrest, low demand impact Bangladesh's apparel exports in H1

25 Sep '24
2 min read
Political unrest, low demand impact Bangladesh's apparel exports in H1
Political unrest, low demand impact Bangladesh's apparel exports in H1

Insights

  • Bangladesh's apparel exports fell by ****.** per cent to $**.*** billion in H1 2024, with Europe being the largest market.
  • Other key markets included North America and Asia-Pacific.
  • Political unrest in July and global economic headwinds contributed to the decline.
  • Following a peak of $**.*** billion in 2022, exports dropped by **.** per cent in 2023 and sluggish demand continues into 2024.

According to Fibre2Fashion&#**;s market insight tool TexPro, Bangladesh exported apparel worth $**.*** billion to European nations. Its exports to North America amounted to $*.*** billion in the first six months of this year, representing **.** per cent of the total. The Asia-Pacific region was another significant market, where the country exported apparel worth $*.*** billion (**.** per cent) during the same period. Exports to other regions were as follows: the Middle East ($***.*** million, *.** per cent), Central and South America ($***.*** million, *.** per cent), and Africa ($***.*** million, *.** per cent).

The country has been facing global headwinds due to slow purchasing from retailers and brands. Bangladesh’s apparel exports were recorded at $**.*** billion in the first half of last year. This figure has dropped by *.** per cent to $**.*** billion in the first six months of this year, according to TexPro.

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