GITNUX MARKETDATA REPORT 2024

Bangladesh Garment Industry Statistics [Fresh Research]

Statistic 1

"Bangladesh is the second-largest apparel exporter in the world, after China"

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Statistic 2

"The Accord on Fire and Building Safety in Bangladesh was signed by over 200 brands, retailers, and importers"

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Statistic 3

"Bangladesh Garment Manufacturers and Exporters Association (BGMEA) represents over 4,300 garment factories"

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Statistic 4

"Non-compliance in working conditions can lead to factory closures, as seen with over 1,600 factory closures since 2013"

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Statistic 5

"The garment industry in Bangladesh accounts for 84% of the country's total exports"

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Statistic 6

"Around 50% of Bangladesh’s garment exports go to the European Union"

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Statistic 7

"The minimum wage for garment workers in Bangladesh was raised to 8,000 BDT (~$95) per month in 2018"

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Statistic 8

"Bangladesh’s garment factories have increased compliance with safety standards since the Rana Plaza disaster in 2013"

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Statistic 9

"Women constitute around 80% of the workforce in the Bangladesh garment industry"

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Statistic 10

"Bangladesh’s share in the global apparel market is about 6.8%"

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Statistic 11

"The industry uses about 3,000 liters of water to produce 1 kg of fabric"

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Statistic 12

"The industry aims to reach $50 billion in exports by 2023"

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Statistic 13

"The Alliance for Bangladesh Worker Safety inspected more than 600 factories"

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Statistic 14

"There are over 4,500 garment factories in Bangladesh"

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Statistic 15

"The Bangladesh garment industry employs approximately 4 million people"

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Statistic 16

"The growth rate of the Bangladesh garment industry has averaged around 6% annually over the past decade"

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Statistic 17

"Major global brands like H&M, Zara, and Walmart source clothing from Bangladesh"

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Statistic 18

"The industry contributed $34 billion in export earnings in the fiscal year 2019-2020"

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Statistic 19

"Bangladesh has improved its positioning in the Ease of Doing Business index, which benefits the garment industry"

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Statistic 20

"The USA is the largest buyer, accounting for 27% of Bangladesh's garment exports"

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