Bangladesh: Non-Knitted Women Apparel Market 2024

Non-Knitted Women Apparel Market Size in Bangladesh

In 2022, the Bangladeshi non-knitted women apparel market decreased by X% to $X, falling for the third year in a row after two years of growth. In general, consumption recorded a deep slump. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Non-Knitted Women Apparel Production in Bangladesh

In value terms, non-knitted women apparel production declined to $X in 2022 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Non-knitted women apparel production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Non-Knitted Women Apparel Exports

Exports from Bangladesh

In 2022, exports of women's or girls' clothing (not knitted or crocheted) from Bangladesh rose notably to X units, surging by X% on 2021 figures. In general, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, non-knitted women apparel exports skyrocketed to $X in 2022. Overall, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for non-knitted women apparel exports from Bangladesh, with a X% share of total exports. Moreover, non-knitted women apparel exports to the United States exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was taken by Spain (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Spain (X% per year).

In value terms, the United States ($X), Germany ($X) and Spain ($X) appeared to be the largest markets for non-knitted women apparel exported from Bangladesh worldwide, together comprising X% of total exports. The UK, Poland, France, Canada, the Netherlands, Italy, Australia, the Czech Republic, Denmark and Turkey lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-knitted women apparel export price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-knitted women apparel export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Germany ($X per unit) and Canada ($X per unit), while the average price for exports to the United States ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Knitted Women Apparel Imports

Imports into Bangladesh

In 2022, approx. X units of women's or girls' clothing (not knitted or crocheted) were imported into Bangladesh; jumping by X% against the previous year's figure. Overall, imports posted a significant increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, non-knitted women apparel imports soared to $X in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-knitted women apparel supplier to Bangladesh, with a X% share of total imports. Moreover, non-knitted women apparel imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X units), threefold. The third position in this ranking was taken by the UK (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and the UK (X% per year).

In value terms, China ($X), India ($X) and the UK ($X) constituted the largest non-knitted women apparel suppliers to Bangladesh, with a combined X% share of total imports.

Among the main suppliers, the UK, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-knitted women apparel import price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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