Bangladesh’s apparel exporters are grappling with a substantial decline in orders, ranging from 25% to 40%, attributed to persistent energy crises, escalating business costs, and shipment delays. Production costs have surged by 20% to 33%, while global buyers are offering prices up to 20% lower than before. Competitor countries like India, Pakistan, and Sri Lanka are benefiting from favorable exchange rates and quicker deliveries, luring buyers away from Bangladesh. The sector, anticipating a 7% sales drop in the upcoming peak winter season, faces challenges exacerbated by reduced government incentives and recent corrections in export data. Despite efforts, many exporters are unable to secure profitable orders, struggling with operational viability amidst increased costs and competitive pressures from regional peers.
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