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Bangladesh emerges as world's second largest knitwear maker

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Bangladesh emerges as world's second largest knitwear maker
It overtakes Turkey in volume, eyes China


Bangladesh emerges as world's second largest knitwear maker

Jubair Hasan

Bangladesh has become the world's second largest knitwear exporter beating Turkey in terms of volume last year, the knitwear exporters said Saturday.

The country exported 7.78 billion pieces of knitted items such as T-shirts, sweaters in 2010 against Turkey's shipment of 7.74 billion pieces, the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) said.

"We overtook Turkey as the world’s second largest knitwear manufacturer last year. Volume-wise, we are now only second to China," BKMEA first vice-president Md Habibur Rahman told the FE.

Mr. Rahman said Turkey is still ahead of Bangladesh in terms of values as they exported knitted clothing worth $6.92 billion last year, compared to Bangladesh's shipment of $6.19 billion.

"Our apparel export has been growing at an impressive 40 per cent rate in the current fiscal year. If the growth continues at this rate, we can beat Turkey in values by next fiscal year," he said.

He said Turkish knitwear manufacturers produce high-value added products such as sportswear catering to western fashion retailers, while Bangladesh mainly operates in low-cost products such as T-shirts.

"We are in the knitwear business since the 1990s. By contrast, Turkey has been a major garment maker since the Second World War. They don't take cheap orders because of high labour cost," he added.

Turkey --- Europe's fastest-growing economy -- has also emerged as an important apparel market for Bangladesh in recent years with shipment spiking 65 per cent in FY 2009 to $108 million.

Despite steady erosion of its competitive advantages, China remains the world's largest knitwear and woven garment manufacturers, accounting for some half of the world's $500 billion apparel market.

China's market share in Turkey has been gradually overtaken by other apparel exporters including Bangladesh, India, Malaysia, Indonesia and Vietnam, according to a research by a local institute.

It said Dhaka has been the leading supplier of a number of products in Turkey, which prompted Ankara to decide to slap 27 per cent safeguard tariff on some of the Bangladeshi apparels.
 
From where you got hassina over here... knitwear sector has been developing over decades... so how come for hassina it became 2nd largest knitwear maker in 2 year or so???

:P whatever way he wants to pave way for some bharati members to come here and ruin the thread so nevermind
 
lol... but I would like to remind you one thing... BD is prodpering regardless of hassina and khalda in power... mainly due to hard work of its people...
Sami once these two b i t c h es are gone(sorry for the language) our country will do much,much better. Bangladesh is a well kept secret indeed.
 
Its knitwear products. whereas you might be talking about textile over all situation

Bangladesh is worlds's 4th largest RMG exporter... ahead of both India and pakistan... BD is likely to pass turkey this year if I am not wrong to be worlds 3rd largest textile exporter...
 
Sami once these two b i t c h es are gone(sorry for the language) our country will do much,much better. Bangladesh is a well kept secret indeed.

If kahleda goes more big thief tareq will come to power n hassina will be replaced by her sister .... so same dirty politics will still remain...
 
From where you got hassina over here... knitwear sector has been developing over decades... so how come for hassina it became 2nd largest knitwear maker in 2 year or so???

A country is as good as its leaders.. its an old saying.. if you have a difference in that , its not my problem.

You may very well talk about the topic, including the industry , the issues facing, global demands, possible challenges etc. Jana will help you on the topics if she is in a good mood. Best of luck :tup:
 

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