International Denim sector size of $76.1 billion by 2026
Employees Correspondent: Bangladeshi denim items are dominating the world marketplaces by beating its competitors in the European markets as perfectly as in the United States industry.
In accordance to the BGMEA, Bangladesh has retained its placement as the prime blue denim exporter to the United States with a huge 47.25 % maximize in the initial quarter of 2022. BD’s export 1.18 billion greenback in EU (27), 15.19% progress (Y-o-Y), 26.82% share. Denim export has grown in EU by 5.77% every year all through 2011-2021.
Worldwide Denim Industry:: World wide marketplace for denim jeans was believed at $64.5 billion in 2022 and is projected to reach a revised size of $76.1 billion by 2026, rising at 4.8 for each cent per year. Bangladesh is the highest sourcing place of Denim equally for EU and United states. Bangladesh’s Denim share in EU and Usa imports in 2021: 26.82% & 21.69% respectively.
Bangladesh Denim Export and Market Bangladesh’s Denim trouser export in 2021: $2.5+ billion (approx.) and if we consist of other denim posts then our export is close to $3.5 billion. Bangladesh export Denim to almost all the international locations in the entire world. United states is the major market place for us followed by Germany.
Investment decision in Denim Bangladesh: New investments equally in materials and clothes manufacturing and enhanced potential are actively playing main roles in setting up Bangladesh’s dominance in the US and EU markets. But brands are also investing in investigate and improvement of substantial stop products, encouraging them get a better price.
Bangladesh at the moment exports Blue Denim Trousers WG, Blue Denim Trousers MB, Blue Denim Skirts, Blue Denim Jackets, Blue Denim Match Kind Coats MB, Playsuits, and Sunsuits, amongst other items, to the worldwide markets. The major global merchants to which Bangladeshi entrepreneurs also provide denim goods incorporate H&M, Uniqlo, Tesco, Walmart, Levi’s, Diesel, Wrangler, G-Star, s.Oliver, Hugo Boss, and Hole.