This analysis of the US and European Union (EU) markets has unveiled this particular scenario even if as of 2022, China maintained its status as the leading exporter of RMG products, boasting exports worth US $ 182 billion, with Bangladesh following suit at US $ 45.71 billion in exports.
However, disparities emerged between these two pivotal markets in terms of product pricing. According to Eurostat, the mean price of clothing exported to the EU during 2022 stood at $22.48 per kilogram (kg). In contrast, Bangladesh exported RMG products to this market at an average of $17.27 per kg. Meanwhile, India and Sri Lanka commanded prices of $23.27 and $28.54 per kg, respectively, while Pakistan’s exports were priced at $14.47 per kg. Similarly, the US Office of Textiles and Apparel (OTEXA) furnished a comparable pricing breakdown. The average cost of imported clothing from diverse nations hovered around $3.21 per square meter even as Bangladesh’s RMG exports entered the market at $3.10 per square meter, while India and Sri Lanka managed prices of $3.80 and $4.26 per square meter, respectively.
