Contact us on +022 2419 3000 or indiantextilejournal.com.

Bangladeshi RMG popular among US buyers: USFIA

Jul 29, 2021
Bangladeshi RMG popular among US buyers: USFIA

Bangladesh

Almost half of the fashion brands and buyers of the US surveyed for the eighth edition of the study titled “2021 Fashion Industry Benchmarking Study” said they may increase sourcing from Bangladesh over the coming years.

The study, conducted by the United States Fashion Industry Association (USFIA) and published on July 19, showed that the unit price of apparel products in Bangladesh was $2.5 in July-May of this fiscal year while the global average price was $2.6 during the period.

The readymade garment (RMG) sector of Bangladesh is in the good books of American buyers as it has historically offered prices that are lower than the global average, according to the study. 

Executives in charge of purchasing clothing from 31 US-based brands, retailers, importers and wholesalers participated in the study which was conducted from April to June of this year. 

Of the respondents, 37% said they would increase their purchase of clothing from Bangladesh, while 11% expressed that they would definitely increase sourcing from the country.

The respondents said that apparel with the “Made in Bangladesh” tag enjoyed a prominent price advantage over many other Asian suppliers. 

In the first five months of this year (January-May), Bangladesh exported garments worth $2.58 billion to the US, which is 15.38% more than the same period of last year, according to the Office of Textiles and Apparel (OTEXA) — an affiliate of the US Department of Commerce.

Source: Dhaka Tribune

Image Source: Google Images

Also Read:

https://indiantextilejournal.com/latest-textile-industry-news/moov-cool-to-support-elite-sport-in-the-uk-

https://indiantextilejournal.com/latest-textile-industry-news/digital-transformation-process-accelerates-in-textiles-