Apparel exports from Bangladesh to Europe registered an impressive growth of 15.47 per cent to reach $26.161 billion in 2022 from $22.656 billion in 2021. At the same time, the supplies from China decreased slightly to $36.368 billion in 2022 from $37.028 billion in 2021. However, China was the top garment supplier for the continent, contributing a 17.24 per cent share in Europe’s total apparel imports of $210.973 billion.
The supply from Bangladesh made up 12.45 per cent of the total imports by European countries, making it the second largest exporter of apparel for the continent. Bangladesh’s exports to Europe decreased by 5.17 per cent to $18.787 billion in 2020 due to COVID-19 but bounced back to increase by 20.59 per cent in 2021, according to Fibre2Fashion’s market insight tool TexPro.
China’s exports to Europe have been fluctuating since 2019 when they had decreased by 6.62 per cent to $37.224 billion in 2019 from $39.863 billion in 2018. The exports decreased again by 1.66 per cent to $36.606 billion in 2020 due to the pandemic, before gaining 1.15 per cent to reach $37.028 billion in 2021. In 2022, China’s strict zero-COVID policy might have contributed to the decline of 1.78 per cent in China’s garment exports to Europe.
Among the other top ten suppliers, the imports from Germany were at $19.045 billion (9.03 per cent), Turkiye at $14.498 billion (6.87 per cent), Italy at $12.074 billion (5.72 per cent), Poland at $9.769 billion (4.63 per cent), the Netherlands at $8.941 billion (4.51 per cent), Spain at $8.941 billion (4.24 per cent), India at $6.238 billion (2.96 per cent), and France at $6.053 billion (2.87 per cent) in 2022, as per TexPro.
Source : Fibre2Fashion
