Key headline: In FY2024 Bangladesh’s knitwear exports ($20.5B) exceeded woven exports ($18.0B), making knitwear the single largest driver of RMG export value and a clear competitive advantage for the country.
1 — Market scale (one line)
Knitwear accounted for roughly ~53–54% of Bangladesh’s RMG exports in FY2024 (knit ≈ $20.5B; woven ≈ $18.0B; total RMG ≈ $38.5B).
This concentration gives Bangladesh both scale and pricing power in core global knit categories.
2 — Why it matters (3 bullets)
• Backward linkage: A large share of yarn, fabric and finishing for knits is produced domestically → shorter lead times and lower landed cost.
• Trend alignment: Global demand for casual, athleisure, and basics (knit-heavy categories) is rising — sustaining long-term demand for Bangladeshi knits.
• Sustainability & scale: Investment in greener dyeing and energy efficiency in knit facilities is improving buyer preference and compliance capability.
3 — Quick implications for buyers & suppliers (2 bullets)
• Brands: Prioritise Bangladesh for large knit programs to benefit from cost, lead-time, and sustainability scale.
• Suppliers: Invest in performance knit fabrics, product development, and traceability to move up the value curve.
