Bangladesh is a crucial sweater sourcing destination right after China.
The country’s knitwear garment items turnover was over $23 billion in the last fiscal year (FY) and registering a 36.88% growth. Which is 60% of the total readymade garment (RMG) exports of Bangladesh.
Earnings from sweater exports–the most important knitwear item– reached $4.05 billion in the fiscal year of 2020-21, up 12.62 per cent year-on-year, according to the data from the Export Promotion Bureau. In FY20, the receipts stood at $3.59 billion, a decrease of 15.47 per cent from the previous year’s $4.25 billion, as the severe fallout of the coronavirus pandemic took a toll.
There are almost 600 factories in Bangladesh produce sweater. China is leading by delivering over 16 Billion followed by Bangladesh over $4 Billion and then Vietnam (over $3.7 B), Italy (over $2.8 B), and Germany (over $2.47 B).
Sweaters have turned into an all-weather fashion item. The temperature has gone up in many cold countries due to climate change, driving down the demand for thick sweaters and pushing up the consumption of lightweight sweaters.
Bangladesh has a strong position in the manufacturing of lightweight sweaters. Moreover, the use of modern technologies such as the Jacquard machine in sweater production has raised productivity.
A number of new markets such as South Africa, Japan, and Russia have emerged as promising sweater export destinations from Bangladesh in recent years. The largest sweater markets for Bangladesh are Canada, Europe and the US.
This continuous growth is the outcome of the resilience of the knitwear sector entrepreneurs. As they sharpened innovation, process development and workforce development in the knitwear sector. Especially the innovation in machinery is topnotch. To continue the sector’s progress – innovation in machinery in the future is paramount. Here are some of the highlighting parts where the sweater industry can focus to go forward.
Innovation in machinery (future knitwear)
Whole garments: The knitwear is a next-generation form of fully fashioned knitting that adds the capability of making a 3-dimensional full garment produced in one entire piece, garments are knit in three dimensions without seams three-dimensionally, directly on the knitting machine. Requires no major time-consuming postproduction labor resulting in a whole new kind of knitwear Seam-free “second skin” fit and comfort.
Santoni MECMOR: Investment in open panel circular knitting which is recognized as the complete knitwear machine in a circular motion. The sustainable ability to limit and control waste, due to the variable width of the fabric panels allow the possibility of only setting the actual number of working needle. Product capability – Casual Knitwear Fashion Knitwear Footwear Athleisure.
Mixed media: It is a term used to describe artworks composed of a combination of different media or materials. Combining product strength across the group and passion for innovative products we pride ourselves in our mixed media collection. Merging Knit, with cut & sew and bonding technology. Product Capability Mixed Media– Athleisure Knit Sports Bras, Kids Fashion, Women’s Fashion, Knit Men’s Fashion, etc.
BONDING/Laser Bonding and laser capability: BONDING/Laser Bonding and laser capability across intimates, athleisure, active and casual compact knit. World-class bonding capability with a variety of machines and techniques lay down edge bonding Fold Stretch Bonding Laser Cut Logo/design engagement Panel/Placement bonding Full Sample Bonding. Laser is being used in apparel industry from nineteenth century for various garment manufacturing applications. There are several advantages of using laser over the conventional processes in cutting, engraving, embossing, denim fading and other applications.