Bangladesh is on track to overtake China as the European Union's biggest clothing supplier. This trend is expected to continue, with Bangladesh projected to become the EU's top apparel supplier in the coming years.
The local manufacturers are grabbing a bigger market share of garment items made from man-made fibres to obtain better prices and more work orders from international retailers and brands. Over the last four and a half decades, the capacity of Bangladesh’s garment industry has also grown a lot, enabling it to cater to any quantity of work orders. Not only this, the country’s primary textile sector, which includes spinning, dyeing, finishing, knitting, weaving and sizing, has witnessed investments worth over USD 20 billion. The primary textile sector is acting as the garment industry’s main supplier of raw materials locally, reported The Daily Star. Moreover, work orders have also been recently shifting from other countries like India, Pakistan, South Korea, Vietnam, Sri Lanka, Myanmar, Ethiopia and Cambodia as they are incapable of catering to order for large volumes at competitive prices.
https://theprint.in/world/bangladesh-may-overtake-china-to-be-eus-biggest-apparel-source/1333207/