For the first nine months of 2022, the EU’s apparel imports grew by 25 per cent.
Apparel imports from China grew by 25 per cent. Imports from Turkey grew by 14 per cent. Imports from India grew by 25 per cent. Imports from Vietnam grew by 29 per cent. Imports from Pakistan grew by 30 per cent, Cambodia 41 per cent and Morocco 12 per cent during the January to September period of the current year. And imports from Bangladesh grew by 43 per cent.
Obviously, among the top apparel suppliers to the EU, Bangladesh attained the highest growth rate. Considering the war and the ongoing global economic situation, Bangladesh is in a better position than most of its competitors. Bangladesh is always at the top of buyers' choice as the safest sourcing destination. Moreover, Bangladesh is now at the top as a sustainable producer with a better working atmosphere and an improved eco-friendly industry. If all this is maintained, when the world economic situation gets back to normal, then Bangladesh hopes to face a vastly improved situation. Moreover, some other issues such as Sino-US relationsand brands' moving away from Myanmar have also strengthened the advantageous position of Bangladesh.
By Fashionating World