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B’desh emerges as hub for winter jackets amid shifting orders, increased export of value-added garments

  

Bangladesh is quickly becoming a hub for winter jacket manufacturing priced between $30 and $50 as orders shift away from China due to increased production costs and a shortage of skilled workers. Work orders for high-end winter jackets are shifting from countries such as Vietnam, India, Myanmar, Taiwan, South Korea, and Japan.

This new export sector is a result of local apparel makers diversifying their products in recent years with value-added garments. Despite global economic uncertainty, Bangladesh's apparel shipments have continued to grow due to the shift of work orders from China and increased export of value-added garments.

Local garment exporters in Bangladesh get almost half of what their Vietnamese counterparts make from garment exports due to various reasons, such as the production of basic items. However, the recent hike in the production of high-end value-added garments is reducing this gap as global buyers are willing to pay better prices for such products. Bangladesh's export earnings from apparel shipments have changed in recent times, with income now mainly value-driven rather than volume-based, leading to positive growth in garment exports even under difficult global economic circumstances.

In the January-February period of the ongoing fiscal, garment shipments grew 10.12% year-on-year to reach $8.36 billion, according to data from the Export Promotion Bureau. As Bangladesh continues to diversify its products and increase its production capacity, it is likely to remain a major player in the global garment industry.

 
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