Bangladesh replaces China as largest denim supplier to EU

According to the “Daily Star” report on March 19, Bangladesh has replaced China as the EU’s largest denim supplier. Industry insiders said that Bangladesh not only wins the European market with competitive prices, but also the quality of its products. , short delivery time and good reputation are also important factors, which will boost the confidence of Bangladesh’s garment industry.

Currently, Bangladesh has 30 denim manufacturers with an investment of up to US$1 billion. Its customers include Levis, G-Star Raw, H&M, Tesco, HugoBoss, Walmart, Gap and other major global retailers. From January to June 2016, Bangladesh exported denim products worth 568 million euros to the EU, accounting for 21% of the EU market share, ranking first. At the same time, Bangladesh is also the third largest denim supplier to the United States after China and Mexico. business, accounting for 12% of the U.S. market share. Bangladesh’s denim exports are expected to reach US$7 billion by 2021. Bangladesh replaces China as the largest denim supplier to the EU

AAA Fabric Network JYUIYFHGE

Disclaimer:

Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights, please contact us and we will change or delete it as soon as possible.