Bangladesh should expedite garment production from man-made fibre (MMF) as global exports of such apparel is estimated to rise from 50 per cent in 2022 to 60 per cent in 2030, a recent study by PwC revealed.Global export of garments will rise from $953 billion in 2022 to $1,121 billion by 2030, the study projected.
PwC shared the findings of the study at a press conference held at the office of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
Bangladesh should expedite garment production from man-made fibre (MMF) as global exports of such apparel is estimated to rise from 50 per cent in 2022 to 60 per cent in 2030, a recent study by PwC revealed. Global export of garments will rise from $953 billion in 2022 to $1,121 billion by 2030, it forecast. Trade body BGMEA commissioned the study.
The study was commissioned by BGMEA as Bangladesh aims to export apparel worth $100 billion by 2030.
Fibre2Fashion News Desk (DS)
