Bangladesh’s RMG export in 2019 registers the slowest growth after 2009, and that’s not what the Industry was expecting. Here is our analytical piece on the country’s RMG export performance in the calendar year 2019.
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Coming out of woes that Vietnam experienced in H1 ’18, itsaw 2.44 per cent growth till July ’18 and shipped € 1,778.33 million worth of apparels in the European market.
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Vietnam grew at a rate of 6.41 per cent between January to July period in 2018 only to falter in August when this growth rate came down to 5.85 per cent.
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Bangladesh noted a decent 8-month period in its apparel exports to USA. The country marked surge on both values and volumes by 3.83 per cent and 4.51 per cent, respectively.
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Indian rupee has depreciated by around 15% this year against dollar still the Indian manufacturers could not capitalize on the same in its apparel exports to USA.
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Bangladesh, the 2nd largest apparel exporter to EU gained from China’s fall because of the obvious reason that China is no longer a favourite place for European buyers to place orders.
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India’s apparel exports to EU has been dwindling of late. Despite fall in unit prices (€ 19.68 in the review period as compared to € 20.26 in the same period of last year) the country has failed to lift its export share in the Europea
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Vietnam is on rise in its apparel exports to the 28-nations bloc, but in just volumes. Value of exports was disappointing as unit prices declined massively by 26.09 per cent.