Owing to increase in prices of raw materials on the global market and worldwide supply chain disruptions, value addition in Bangladesh’s readymade garment products in financial year 2021-22, dropped to a record low of 54.37 per cent.
This is as per the central bank’s (Bangladesh Bank) report titled ‘Quarterly Review on RMG: April-June, FY22’, as per which value addition dropped to 54.37 per cent in FY ’22 from 59 per cent in FY ’21.
The central bank data further showed value addition had started to decline since the financial year 2019-20 – the value addition in FY ’20 decreased to 56.84 per cent from 64.32 per cent in FY ’19 – even if the value addition in RMG products slightly increased in FY ’21 before showing a downward trend in the first half of FY ’22 (the value addition dropped to 55.80 per cent in the July-December period in 2021-22).
