Dhaka, Feb. 5 -- Amid the global market slowdown and local adverse factors, the apparel industry is likely to face a dip in the short term while a strong rebound is expected in 2024 leading to the export reaching $56 billion by 2026, predicts CAL Bangladesh, a Sri Lankan capital market financial services company, backed by deep research insights.

Despite an estimated dip in 2023, CAL expects Bangladesh apparel exports to grow at a 5.3% compound annual rate and reach $56 billion by 2026.

A recession in the major apparel markets will weigh down on apparel export in 2023, while inflation will push wage rates higher and gas shortage will increase production costs squeezing margins, according to a report of CAL Bangladesh, which operates a b...