Search : RMG Goods

...on a small basket of products which were being outdone by international competitors employing automation and venturing into fast fashion.  (Read: ‘The Bangladesh RMG Sector: The Path to Revitalization’ [6]...

...of Bangladesh RMG, however this has not yet yielded sufficient benefits. A global economic slowdown throughout 2019 has meant that demand for Bangladesh RMG products, and derived demand for textiles,...

...scenario is quite the opposite; semi-processed jute goods continue to dictate the jute goods export basket. Analyses of the end-use of and export partners for semi-processed jute goods, as well...

...China, which dominates with 36.4% 3. However, China’s share has been falling due to a shift in manufacturing to electronic goods and tariffs due to the recent US-China trade war....

...The country’s RMG exports make up the majority of its overall exports, standing at 84.21% as of 2018-2019. The Sector also employs approximately 3.5 million people.[2] From Textiles to RMG...

...industries of the economy, the RMG sector has a unique pressure upon it to adjust to global trends and stay competitive. While incidents like Rana Plaza painted the Bangladeshi RMG...

...However, RMG owners point to squeezing profit margins, which is forcing them to shelve plans on making further investments to make workplaces safer. Although RMG players are tapping into emerging...

...from this economic calamity. Key findings include an average of 31% reduction in income for households with RMG workers, and 91% of RMG worker households remaining outside the purview of...

...Fast Moving Consumer Goods Industry is amongst the most resilient to economic shocks. Unlike other industries, the FMCG sector is not prone to mass layoffs or substantial dips in profit...

...CAGR of RMG export was 21.71% where CAGR of export was 11.50%. In the recent concluded financial year, contribution of RMG sector to the total export was 83.49%, showing YoY...

...New RMG Factories Since 2000 / Source: BGMEA We can see that not only has the number of new RMG factories every year has been increasing, it saw a significant...

...beyond RMG products. Exports of non-RMG products declined by 9.5%, dragging down the total export growth rate. In FY 2018, growth of exports to the traditional markets have out-performed exports...

...like Bangladesh have been rushing to capture newfound opportunities in trade once provided by Chinese markets. High growth has been specifically seen in the ready made garments (RMG) sector (with...

...the economic activities to resume.[2] This indicates that the 2020 Crisis is making the RMG industry come crashing down. Foreign Labour Market Another important driver of the Bangladeshi economy is...

...up an impressive annual average growth rate of more than 6% over the last ten years. However, stagnation of the RMG sector, lower oil prices adversely impacting remittances, and current...