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Bangladesh Textiles and Clothing Report Q4 2009Published by: Business Monitor International Published: Sep. 14, 2009 - 44 Pages Table of Contents
AbstractBangladesh is a medium-sized textiles and clothing (T&C) producer that, with very competitive labour costs, is rapidly moving up the world rankings. BMI ranks the country 24th in the world according to our estimates for value added in T&C manufacturing. The total value of industry exports was over US$12bn in 2008, according to our estimates. While the next two years will be difficult for the entire industry, we believe Bangladesh may be able to use its competitive advantage to come through with moderate-to-low output growth, at a time when competitors are experiencing outright contraction. The country's strength in the ready-made garment (RMG) sector shows signs of a promising medium- to long-term future.In terms of manufacturing value added, we see the industry growing by 6.8% this year and by 6.4% in 2010. Growth in 2009 will be on a part with Bangladeshi GDP, but in 2010 the industry will expand a little faster than the wider economy. T&C exports will grow by 13.7% in 2009 to reach US$14.60bn, setting Bangladesh apart in the world industry as one of the few countries that will have found a way to expand its exports amid global recession. We see T&C imports increasing by 17.6% to US$3.33bn this year. Get Full Details About This Report >> |
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