Bangladesh: Sportswear Market 2024

Sportswear Market Size in Bangladesh

In 2022, after two years of decline, there was significant growth in the Bangladeshi sportswear market, when its value increased by X% to $X. Over the period under review, consumption, however, showed a noticeable curtailment. Sportswear consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sportswear Production in Bangladesh

In value terms, sportswear production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Sportswear Exports

Exports from Bangladesh

In 2022, the amount of track suits, ski suits and swimwear exported from Bangladesh shrank to X units, dropping by X% compared with the year before. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X units in 2021, and then contracted in the following year.

In value terms, sportswear exports shrank slightly to $X in 2022. Over the period under review, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then reduced slightly in the following year.

Exports by Country

Germany (X units), the United States (X units) and Poland (X units) were the main destinations of sportswear exports from Bangladesh, together accounting for X% of total exports. Italy, the UK, Spain, France, Sweden, the Netherlands, Ireland, Canada and Australia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sportswear exported from Bangladesh were Germany ($X), Poland ($X) and the United States ($X), together comprising X% of total exports. Italy, the UK, Spain, France, the Netherlands, Sweden, Canada, Ireland and Australia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Sweden, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sportswear export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced a decline.

Sportswear Imports

Imports into Bangladesh

Sportswear imports into Bangladesh soared to X units in 2022, with an increase of X% against 2021 figures. In general, imports, however, continue to indicate a mild reduction. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, sportswear imports skyrocketed to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest sportswear supplier to Bangladesh, with a X% share of total imports. Moreover, sportswear imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. China (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and China (X% per year).

In value terms, the largest sportswear suppliers to Bangladesh were the UK ($X), the United Arab Emirates ($X) and China ($X), together comprising X% of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sportswear import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sportswear import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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