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Political turmoil dents Bangladesh's position in US apparel market

23 Dec '24
2 min read
Political turmoil dents Bangladesh's position in US apparel market
Political turmoil dents Bangladesh's position in US apparel market

Insights

  • Political instability in Bangladesh has negatively impacted its position in US apparel market.
  • Despite remaining the third-largest supplier, the turmoil has led to a noticeable decline in market share compared to previous years, culminating in a decrease in imports to $****.*** billion in Jan-Sept 2024.
  • This trend highlights the broader implications of domestic issues on international trade dynamics.

Bangladesh was the third-largest supplier of US apparel imports in the third quarter of the current year, when total apparel imports were valued at $**.*** billion. In the second quarter, the US imported $*.*** billion worth of apparel from Bangladesh, which constituted *.** per cent of its total apparel imports of $**.*** billion. The total imports amounted to $**.*** billion in the first quarter, with imports from Bangladesh noted at $*.*** billion (*.** per cent). Consequently, Bangladesh&#**;s market share decreased by more than one per cent in the third quarter compared to the first quarter, according to Fibre2Fashion&#**;s market insight tool TexPro.

US apparel imports from Bangladesh totalled $*.*** billion in the first nine months of the current year, which was *.** per cent lower than the imports of $*.*** billion in the same period last year. Bangladesh’s share also decreased from *.** per cent to *.** per cent in January-September ****.

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