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Bangladeshi denim products are dominating the global markets by beating its competitors in the European markets as well as in the United States market. The top event organizer in Bangladesh Eco Expo believes that, Bangladesh will continue this trend.
The types of denim fabrics that Bangladesh imports can vary, but some common types include:
- Indigo Denim
- Stretch Denim
- Raw Denim
- Lightweight Denim
- Colored Denim
- Printed and Patterned Denim
Currently, Bangladesh’s 40 mills can produce 80 million yards of denim fabrics a month and the investment in the sector is Tk 16,000 crore. The global market for denim jeans is estimated at $64.5 billion in 2022 and is projected to reach $76.1 billion by 2026, growing at a rate of 4.8 per cent annually.
Renowned exhibition organizer in Bangladesh Eco Expo appreciates that, according to the BGMEA, Bangladesh has retained its position as the top blue denim exporter to the United States with a massive 47.25 percent increase in the first quarter of 2022. BD’s export 1.18 billion dollar in EU (27), 15.19% growth (Y-o-Y), 26.82% share. Denim export has grown in EU by 5.77% annually during 2011-2021.
Global Denim Market: Global market for denim jeans was estimated at $64.5 billion in 2022 and is projected to reach a revised size of $76.1 billion by 2026, growing at 4.8 per cent annually. Bangladesh is the highest sourcing destination of Denim both for EU and USA. Bangladesh’s Denim share in EU and USA imports in 2021: 26.82% & 21.69% respectively.
The best event organizer in Bangladesh Eco Expo said that, the more denim clothes Bangladesh exports to the outside world, the more denim fabric Bangladesh needs to make clothes. But Bangladesh is not able to produce enough denim fabric to make clothes. Therefore, Bangladesh has to import about 60 to 70 percent denim fabric from other countries. And most of the denim fabric is imported from China India Pakistan and some other countries.
For that reason, the best event organizer in Bangladesh appreciates that, exporters from different countries are very interested to do business in Bangladesh. As a result, denim sourcing trade fairs are often held in Bangladesh.
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