Dhaka, March 6 -- The outlook for Bangladesh's apparel sector in the global market remains positive, with work orders expected to rise, sustaining growth momentum into 2025.
However, a substantial 8.98 percent rise in import volume was accompanied by a 6.83 percent decline in average unit prices, exerting downward pressure on major sourcing countries, including Bangladesh.
Industry insiders have indicated that buyer confidence is recovering, leading to an expansion of sourcing activities in Bangladesh, which will help maintain this upward trend.
Official data shows that the European Union's apparel imports between January and December 2024 experienced a modest 1.53 percent increase in value, reaching $92.56 billion.
Several factors have...