BANGLADESH PLANS TO TAP INTO UNTAPPED FANCY LINGERIE MARKETS OVERSEAS
October 2nd, 2021
The Bangladesh innerwear industry has been witnessing robust growth in the past decade and this outsourcing hub is now competing effectively with its major rival China. The production value of the country’s intimate wear jumped from US216 million in 2012 to US1.078 billion in 2021, according to a report from data service Statista (1). Undergarment business has been leaving China partly because of rising manufacturing costs, with Bangladesh’s knitwear sector increasingly focusing especially on higher end fancy lingerie, commanding higher prices than the basic ...
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