Various stakeholders including apparel buyers, fabrics and garments manufacturers and technology suppliers are hopeful, apparel exports from Bangladesh will bounce back in the next six months or so.
This is as per reports, which maintained the stakeholders are of the opinion by the next six months demand for apparel globally will increase even if most brands and retailers will have their stocks cleared by that time frame.
Stores are clearing their inventories and it will create more demand, reportedly underlined the Regional Operations Manager of G-Star Raw Shafiur Rahman Safiq speaking to the media while adding sales pick up when people travel even as he shared his experience of visiting Amsterdam recently.
It may be mentioned here, Bangladesh’s overall exports plunged for two months in a row in April with the RMG sector — in April, exports for the apparel sector stood at US $ 3.32 billion, marking a significant decline of 15.48 per cent compared to April of 2022 — also witnessing negative growth.
