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Bangladesh's denim exports surging ahead

There are new opportunities for local denim goods producers because of diversion of orders from Bangladesh's rivals. Industry insiders said that this is potentially aiding the country to replace China as the world's No. 1 exporter. Bangladesh's denim industry is going for an expansion and up-gradation to cope with the increasing demand.

The second largest producer of denim products, Bangladesh ships about 200 million pieces of denim jeans around the world every year. The country has more than 5,000 factories concentrated around Dhaka and Chittagong.

Anwar-ul-Alam Chowdhury Parvez, Managing Director, Argon Denims said that export orders were good, mainly because of an increase in denim consumption across the globe. He said that good price range and quality were the two factors helping the country to reach as the world's biggest denim exporter.

The demand for denim goods is increasing and the European Union (EU), the US and Russia top the list in denim importing nations, Parvez added. Also, local investors are setting up large plants in the country to meet the growing demand to the international market.

In the last couple of years more than 66 international brands including G-Star, Jack and Jones, River Island, H&M, PVH, etc., have turned to Bangladesh for denim imports, according to Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

Former President of the Bangladesh Textile Mills Association (BTMA), Jahangir Alamin said that many companies are set to almost double their capacity and that new export orders for denim goods have surged by nearly 20 per cent.

Other rival countries, apart from China too, such as India, Pakistan, Vietnam and Indonesia are also losing their market share to Bangladesh for denim goods in the US and EU market, according to Abdus Salam Murshedy, Managing Director of the Envoy Group.

www.bgmea.com.bd

 

 
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