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BGMEA: Apparel exports, 2018-22

09 January 2023, Mumbai

The share of RMG in total export of Bangladesh has gone up to 83.57% in 2022 which was 80.98% in 2021.

The export earnings from other textiles and related items such as headgear, cotton products, specialized textiles, silk, and wool & woolen products also increased.

In 2022, Bangladesh has set a new milestone of USD 45.70 billion RMG export. As per our analysis, Bangladesh’s RMG export has increased by 27.64% in 2022 compared to 2021.

Looking back over the past five years, RMG export in 2018 was USD 32.92 billion, which increased to USD 33.07 billion in 2019. COVID hit the industry in 2020, and export came down to USD 27.48 billion.  But in 2021, export regained the previous phase and reached USD 35.81 billion. From there we crossed USD 45 billion in 2022.

These are remarkable achievements, however, there are some challenges and struggles as well.

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BGMEA

Bangladesh turns focus towards circular economy

07 January 2023, Mumbai

Bangladesh is gearing/bracing up on its promise of producing responsible and ethical manufacturing putting a lot of thrust on producing green products; practices like handling fashion waste etc. amongst many others.

Commenting on this theme recently Salman F Rahman, private industry executive and investment adviser to Prime Minister Sheikh Hasina, in a speech at Made in Bangladesh Week Nov. 2022 asserting categorically he states that, "We will do whatever policy is required to make Bangladesh the world hub for recycling.

At the industry level, it is a matter of serious deliberation on an on-going basis and, the topic/subject of fashion waste & the circular economy come up repeatedly as the world faces a severe climate change effect more predominantly than ever before".

The country is second only to China in the entire world in apparel exports legitimately sporting $42.21 billion fetching its nation's most-valued record FOREX.

This heralded a new age in the annals of its apparel industry ushering in an all-new resolute and resilient apparel manufacturing eco-system. As today's conscious discernible consumer raises a lot of concerns/worries related to protecting the environment and buying products causing material environmental impact.

What is credible is sustainably the Bangladeshi garment manufacturers are endeavoring/trying to do things in ways that could save manufacturers money and bring much-needed foreign exchange to the country which is so heavily dependent on this sector.

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BangladeshApparel

USA's apparel imports: Jan-Oct 2022

27 December 2022, Mumbai

U.S.A imported USD 8.47 billion worth of apparel from Bangladesh during this period, while their import from the world was US$ 87.09 billion.

China, being the top apparel import source for U.S.A and having 22.19% share, achieved 20.76% year-over-year growth. USA’s imports from China reached USD 19.32 billion during this period.

Vietnam is the 2nd largest apparel import source for U.S.A. During the first ten months of 2022, U.S.A’s import from Vietnam was USD16.05 billion with 32.01% year-over-year. Additionally, USA’s import from Indonesia and India grew by 47.57% and 45.04% respectively during the mentioned period.

With 9.72% share of USA’s total apparel import, Bangladesh remains the 3rd largest apparel source for U.S.A. The import of apparel by USA from Bangladesh increased by 48.57% compared to the same period of 2021 while their global apparel import grew by 30.16%.

Other countries among the top ten suppliers having significant growth are Cambodia 36.90%, Pakistan 35.01%, South Korea 32.70%, Honduras 21.87% and Mexico 14.32%.

CREDITS: (trade data released by the U.S. trade agency Office of Textiles and Apparel (OTEXA)’ for the period of January-October 2022)

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Istanbul Fashion Connection: Feb 8-11, 2023

16 December 2022, Mumbai

It offers the 25,000 expected visitors from 100 nations the opportunity for efficient "one-stop shopping". More than 600 exhibitors from all fashion segments will present themselves on 45,000 sqm at the Istanbul Exhibition Center.

The partnership of IFCO with Igedo Exhibitions, Düsseldorf for the international participation EUROPEAN SELECTION will also celebrate its premiere.

More than 600 exhibitors from all fashion segments will present themselves on 45,000 sqm at the Istanbul Exhibition Center.

For the first time, there will be a separate area for sourcing.

IFCO also serves as the gateway to the Eastern European and Central Asian markets and the Arabian Gulf region.

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Turkey

HKRITA Innovation & Technology Symposium 2023

07 January 2023, Mumbai

Dated: 17 January 2023.

Themed “Innovating Zero”.

At this year’s event, HKRITA will also sign a groundbreaking Memorandum of Understanding (MoU) with Hong Kong Sports Institute (HKSI), reinforcing the recognition of the concerted efforts to develop next-generation high-performance sportswear and devices specifically for different sports, while signifying collaborations and innovations.

Achieving sustainability and re-industrialization of the textile and fashion sector to thrive in the new normal.

The Symposium will serve as a key platform for government officials, industry experts, business leaders, and representatives from academia to discuss climate change and share inspiring insights into how innovation can drive the sustainability and re-industrialization of the textile and fashion sector.

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Innovation

Tim Hortons: Opens its 250th the Middle East

22 December 2022, Mumbai

AG Café, a joint venture entity owned by Apparel Group, a global fashion and lifestyle retail conglomerate, and Gateway Partners, an emerging markets alternative investment firm, have collaborated to offer an innovative and unique experience for coffee lovers in City Centre Mirdif.

“Today’s milestone is a significant step toward our long-term potential to grow the brand, increase market share and strengthen our position as the leading retailer of Tim Hortons,” said Neeraj Teckchandani, CEO of Apparel Group. “We continue to strategically expand our footprint across the country and are on track to grow to at least 500 stores for Tim Hortons in the region.”.

Apparel Group and AG Café, the master franchisee of the Tim Hortons brand in the Middle East are proud to mark a major milestone with the opening of its 250th store at City Centre Mirdif, Dubai. HE Jean-Philippe Linteau, Consul General of Canada, Founder & Chairwoman of Apparel Group Mrs. Sima Ved, Chairman of Apparel Group Mr. Nilesh Ved, CEO of Apparel Group, CEO of Apparel Group Mr. Neeraj Teckchandani and CEO of Tim Hortons (ME) Mr. Hesham Almekkawi inaugurated the grand opening ceremony of the new concept store on 20th December.

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TimHortons

New Cutting-Edge Trends

07 December 2022, Mumbai

Join January 31 for a one-day-only trend talk by Nicki Gondell, founder of Trend House, as she takes attendees on a journey through Milan based agency.

Debuting at Texworld Evolution NYC this winter, Printsource brings expanded offerings and educational opportunities to the show floor.

Don't miss out!

Discover the rustic beauty of Harmony, and the wild earthiness of Rebirth.

Discover S/S 2024 Print and Color Trends.

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MesseFrankfurt

Première Vision: FASHION & SUSTAINABILITY

05 January 2023, Mumbai

ARTIFICIAL FIBERS: How do we characterize today's spectrum of sustainable artificial materials?

Since 2015, Première Vision has been accompanying these changes with its Smart Creation range, a series of initiatives combined with the creation of informative content all year round to guide your sourcing towards greater eco-responsibility.

Première Vision: The art & Heart of Fashion.

Season after season, the eco-responsible offer of the exhibitors at its shows continues to grow with new eco-designed product developments and technical innovations.

cutting-edge offer is highlighted at each new edition of Première Vision Paris.

(CREDITS: paris.premierevision website)

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India Pavilion @Dhaka Intl Textile Garment'23

19 December 2022, Mumbai

Dhaka International Textile Garment 2023  would focus on, The Indian Textiles Industry covering the entire value chain of the Textile Industry, starting from Yarn and Fabrics to high-end fashion garments.

Dhaka International Textile Garment 2023 is being organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) with the support of the Ministry of Commerce and Industry, and the Indian mission in Dhaka, Government of India.

DITG” has completed 16th successful editions of the Dhaka Textile and Garment Industry and offers an unparallel business platform for the entire spectrum of Machinery, Components & Textile, Knitting, Garment, Yarn, garment accessories Others.

‘Dhaka International textile & Garments’ is the known Exhibition in Bangladesh where the entire textile & garment and machinery industry is presented from the development of substances and quality control of raw materials and equipment.

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FICCI

VF Corporation: CEO Transition announced

06 December 2022, Mumbai

Dorer’s appointment follows Steve Rendle’s decision to retire from his position as Chairman,
President and Chief Executive Officer.

Benno Dorer was Appointed Interim President and Chief Executive Officer.

Steve Rendle Retires as Chairman, President, and Chief Executive Officer.

“The Board thanks Steve for his many contributions and leadership during his nearly six years as CEO and nearly 25 years with VF,” said Dorer. “Steve’s commitment to the business, passion for building strong brands, and focus on culture have helped VF evolve our portfolio of strong active-lifestyle brands and establish VF as a purpose-led company. We wish Steve well in his future endeavors.”.

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VF Corp

Bangladesh Apparel Industry: Branding vision

31 December 2022, Mumbai

Inspired by the branding vision, BGMEA organized the first ever week-long mega event Made in Bangladesh (MIB) week 2022 during 12-18 November 2022.

The industry and the govt took a number of initiatives to portray a positive image of the industry and the country including apparel diplomacy, promoting the culture and heritage of Bangladesh, launching two coffee table books titled “Beauty of Bangladesh” and “The Untold Stories of Bangladesh RMG industry: Social, Economic and Environmental Good Practices”.

Reputed international media organizations attended the event in person and covered the story of the event and the industry, "Glorifying the Bangladesh apparel tryst with great enthusiasm making it global headlines asserting Bangladesh’s position as a reliable sourcing destination”.

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BangladeshApparel

BGMEA: EU garment import during Jan-Sep'22

19 December 2022, Mumbai

So far the import figure of the EU indicates a good position of Bangladesh’s apparel in EU markets.

Bangladesh remains the second largest source of clothing for Europe with a 22.56% share while China tops the position with a 29.04% share.  EU imported USD 22.59 billion worth of clothing from China during the first nine months of 2022 while the year-on-year growth was 25.19%.

EU’s imports from Bangladesh increased by 43.21% and reached USD 17.56 billion during the mentioned period compared to the same period in 2021, whereas EU’s imports from the world grew by 27.87%.

Being the 3rd largest apparel import source, the EU’s import from Turkey reached USD 9.19 billion with 14.86% year-over-year growth. On the other hand, the EU’s imports from India increased by 25.85%.

Among the top ten apparel suppliers to the EU, Bangladesh attained the highest growth. Other countries having significant growth were Cambodia 41.08%, Indonesia 33.46%, and Pakistan 30.76%.

The brand sees huge potential for growth in the coming years and is eyeing a million customers over the next two years with a target revenue of Rs 100 crores.

Credits: The European statistics organization ‘EUROSTAT’ report.

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BGMEA

LENZING™ ECOVERO™ to engage with eco-conscious consumers

01 December 2022, Mumbai

LENZING™ ECOVERO™ hits production milestone and increases capacity to meet growing demand.

The rise of LENZING™ ECOVERO™ from sustainability niche to market standard

More than 500 brands around the world have partnered with LENZING™ ECOVERO™.  

Lenzing to the double production capacity of LENZING™ ECOVERO™ fibers in 2023.

Lenzing Group, is celebrating a key milestone as the production of LENZING™ ECOVERO™ branded viscose fibers reached over 300,000 tons since the brand’s inception in 2017.

More than 300,000 tons of LENZING™ ECOVERO™ branded fibers have been produced since the brand’s launch in 2017.

In 2022, more than 500 brands have certified their products with Lenzing.

Brands including Orta and Farm Rio have proudly communicated their sustainability commitments by highlighting their use of LENZING™ ECOVERO™ fibers in promotion campaigns.

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Lenzing

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