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“Bangladeshi garment items are priced slightly lower than Vietnamese merchandise on the EU and US markets”- CPD

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Bangladeshi garment items are priced slightly lower than Vietnamese merchandise on the EU and US markets, according to a survey by the Centre for Policy Dialogues (CPD). By one percent year-on-year, the price of a 100 kg T-shirt made in Bangladesh cotton fabric decreased to €1.091.5 in 2020. The price of the same Vietnamese commodity increased by 3% to €2,157,9. Similarly, the price of the 100 kg woman in Bangladesh or the 100 kg girls’ cotton-fiber sweater decreased year-on-year by 7 percent to €1,329.5, compared to €2,157.8 for the Vietnamese women or girls.

The prices for women and girls of every 100 kg of Bangladeshi-made fiber pullovers dropped by 6%, from EUR 1bd-garment-price 409,6 in 2019 on EU markets to EUR 1.319,4. However, only 3% decreased year-on-year price in the Vietnamese variety, reaching EUR 1,906.2 in 2020. A dozen Bangladeshi cotton t-shirts have fallen by 20% on the US market in 2020 from $22.43 in 2019 to $17.99 while Vietnam’s prices in 2020 decreased by 17% to $31.9 compared to $38.2 in 2019. Bagpipes and sweatshirts decreased 2% to $39.31 in 2020 compared to $40.23 in 2019 in tens of Bangladesh. The price of twelve Bangladeshi women’s pants made of cotton fiber dropped from $72.88 in 2019 by 12 percent to $64.17 in 2020, while the Vietnamese price of their pants just fell by 6 percent, down from $90.5 in2019 to $84.6 in 2020.

According to the CPD report, both volume and value factors influenced Bangladesh’s export output. Management of exchange rates is a core factor that drives competition in export, he added. The CPD also reported that the export goal of fiscal 2021 for 21% growth would not be reached over financial 2020.

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