Expansion in apparel manufacturing capacity amid increasing export orders book will drive the production to register 14.3% CAGR growth during FY 2011-FY 2014, says RNCOS.

Noida, UP -- (SBWire) --05/10/2011 --According to our report “Bangladesh Apparel Industry Analysis”, Bangladesh has emerged as one of the world fastest and high growth potential apparel base during the last few years. Vast availability of lowest manpower, one of the most competitive energy costs, and a proven track record in apparel production and exports has positioned Bangladesh as a hub of apparel industry developments. The study revealed that factors, such as new plant setups, capacity expansion in existing ones along with favorable policies by the government will enable the industry to register an impressive 14.3% CAGR growth during FY 2011-FY 2014.

The study acknowledged that cheap manpower availability and low energy costs have propelled apparel production in the country and positioned Bangladesh as competitive exporter of the apparel items in the global trade arena. The country’s export leadership is evident from the fact that, the country was ranked fourth in exports followed by China, EU-27 countries, and Turkey in 2009. The major export segments knitwear, woven wear and sweaters have registered stupendous export growth during the past few years and it is anticipated that, in coming years, the exports growth will further intensify backed by various factors discussed in the report.

At the demand front, growth has been slow but steady. Drastic improvement in income level encouraged the country’s middle class population to opt for good quality apparels. The impact of improving buying power is quite visible on the domestic market as consumers are now buying branded apparels and spending a considerable part of their disposable income on textile and clothing.

Our report, “Bangladesh Apparel Industry Analysis” has been authored to evaluate future growth potentials of Bangladesh’s high performing apparel industry. The report provides statistics/information on the overall apparel demand, production by segments (knitwear, woven wear and sweaters) and exports analysis. It also covers all the factors and drivers responsible towards industry’s current and future developments.

Most importantly, the report also presents industry forecast based on the correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the Bangladesh apparel industry, which will prove decisive for the clients.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM318.htm

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About RNCOS
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.