Bangladesh: Women Knitwear Market 2022

Women Knitwear Market Size in Bangladesh

The Bangladeshi women knitwear market rose remarkably to $X in 2021, increasing by X% against the previous year. Over the period under review, consumption posted a remarkable increase. Women knitwear consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Women Knitwear Production in Bangladesh

In value terms, women knitwear production shrank slightly to $X in 2021 estimated in export price. Overall, production saw a resilient increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then contracted slightly in the following year.

Women Knitwear Exports

Exports from Bangladesh

For the sixth year in a row, Bangladesh recorded growth in overseas shipments of women's or girls' clothing (knitted or crocheted), which increased by X% to X units in 2021. In general, exports saw a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, women knitwear exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany (X units), the UK (X units) and Spain (X units) were the main destinations of women knitwear exports from Bangladesh, with a combined X% share of total exports. These countries were followed by the United States, Poland, France, the Netherlands, Italy, Sweden, Canada, Australia, the Czech Republic and Russia, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for women knitwear exports from Bangladesh, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Spain (+X% per year).

Export Prices by Country

In 2021, the average women knitwear export price amounted to $X per unit, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Women Knitwear Imports

Imports into Bangladesh

In 2021, purchases abroad of women's or girls' clothing (knitted or crocheted) decreased by -X% to X units, falling for the eighth year in a row after two years of growth. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth imports failed to regain momentum.

In value terms, women knitwear imports shrank to $X in 2021. Over the period under review, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest women knitwear supplier to Bangladesh, with a X% share of total imports. Moreover, women knitwear imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), more than tenfold. Indonesia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Indonesia (+X% per year).

In value terms, China ($X) constituted the largest supplier of women knitwear to Bangladesh, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and the UK (X% per year).

Import Prices by Country

The average women knitwear import price stood at $X per unit in 2021, with an increase of X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2019 an increase of X%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform