Sewing Machine Company Next Stop, Bangladesh Is About To Meet You.

 
< p > < strong > Bangladesh market situation analysis < /strong > < /p >
< p > in recent years, Bangladesh has gradually become the focus of industrial transfer of garment enterprises in various countries as garment processing "southeast wind" blows Southeast Asia. In the early January 2013, a sewing equipment exhibition held at Bangguo BangDu International Conference Center in Bangladesh attracted many Chinese sewing machine enterprises' eyes. "Going to Bangladesh" has become one of the hottest topics in the sewing machinery industry in 2013 in Dhaka. < /p >
< p > what is the charm of this world's least developed country? Let's listen to the author's sober and original analysis. < /p >
< p > < strong > to Meng export: domestic sewing machine upside down > /strong > /p >
< p > China is currently the largest exporter of sewing machinery in the world. In 2012, the overall export volume of China's sewing machinery industry showed a contraction trend of year-on-year decline. According to the General Administration of customs data, in the first three quarters of 2012, China exported $1 billion 350 million of sewing machinery products, a 12.17% decrease compared with the same period in 2011. However, it is noteworthy that under the general trend of declining trade exports, the market in Southeast Asia and parts of South Asia sprung up in 2012, and the demand for sewing equipment increased. < /p >
< p > in the first three quarters, the total exports of sewing machinery products to Bangladesh in China amounted to US $43 million 650 thousand in the first quarter, and jumped into the top twelve of China's sewing machine export market. The proportion of exports increased to 3.23%, an increase of 1.49 percentage points compared with the same period last year, and the growth rate of exports reached 47.74%. The export volume of the 20 markets before the export of sewing machines in China ranked second, second only to the re export market in Hongkong, China. < /p >
< p > data from the Ministry of Finance in Japan also showed that in November 2012, Japan exported Bangladesh sewing machinery products to 455 million yen (US $5 million 10 thousand), an increase of 10.81% over the same period last year. Bangladesh's market demand growth is also in the forefront in the export market of sewing machinery in Japan. < /p >
"P" is precisely the "high growth" under such a "declining trend", attracting many domestic and foreign sewing enterprises to focus on Bangladesh. < /p >
< p > reviewing the changes in the amount of sewing machinery products exported to Bangladesh in recent years (see table below), in 2005, China exported only 14 million US dollars of sewing machinery products to Bangladesh, while in the first three quarters of 2012, the amount of sewing machinery products exported to Bangladesh exceeded 40 million US dollars. In just seven years, the export volume of our country has doubled three times, and the demand growth potential of Bangladesh sewing machinery products should not be underestimated. < /p >
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< p > < strong > trace to the source: the clothing industry is leveraging the Bangladesh market < /strong > /p >
In recent years, Bangladesh's textile and clothing products have been continuously improving their competitiveness in the international market. In the past 20 years, Bangladesh's clothing export growth has remained at around 20%. < /p >
< p > according to WTO statistics, Bangladesh's clothing exports totaled 15 billion 660 million US dollars in 2010, ranking third, second only to China and the European Union. According to Bangladesh clothing manufacturers Exporters Association (BGMEA), Bangladesh clothing exports amounted to US $19 billion 9 million in the last fiscal year (July 2011 ~2012 June), accounting for 78.6% of the total export volume of Bangladesh. Bangladesh has officially become the world's second largest exporter of clothing. According to the prediction of McKinsey, a world-renowned consultancy, Bangladesh's clothing exports have broad prospects, and will achieve a two fold increase by 2015, and three fold growth in 2020. < /p >
< p > textile and garment industry is a pillar industry in Bangladesh. In the past 30 years, with the growth of export demand, the number of garment factories in Bangladesh has surged, from 384 in 1984 to 5400 in 2012, employing 4 million of workers and absorbing more than half of the industrial workforce in Bangladesh. At present, Bangladesh textile and garment industry has a considerable scale and has a relatively complete industrial chain. < /p >
< p > it is understood that the Bangladesh clothing industrial zone is mostly located in the vicinity of its capital city of Dhaka and near Chittagong. Its main garment industrial areas are Narayangani, Ashulia, Gazipur and Savar in the vicinity of the city, and the Chittagong area near Chittagong. About 90% of the knitted garment factories are located in the Narayanganj area. Bangladesh has more than 1000 garment factories and more than 500 garment factories. The largest factory has even reached 150 thousand people. The factory is a world famous brand, such as Walmart, Zara, H&M, JCPenny and Carrefour. < /p >
< p > then where does the development advantage of Bangladesh clothing industry come from? Mainly from two aspects: first, relatively low labor price advantage; second, tariff free export advantage. < /p >
< p > from the perspective of labor prices, Bangladesh has a population of 161 million and a population density of 1023 / sq km. It is one of the most densely populated countries in the world. More than 40% of the population is below the world poverty line, and more than 70% are young people under 40 years of age. This has built a paradise for labor-intensive enterprises. < /p >
< p > it is understood that the wages of workers in Bangladesh are generally low, with an average monthly salary of around us $70 -80, which is 1/5 of Chinese workers. The wages of new workers are only about 40 dollars, which is different from that of China's large numbers of migrant workers in the city's garment processing industry. Bangladesh's clothing processing workers are mostly local people. This means that factories do not have to provide accommodation for them. This will also save a lot of money for the factories, and the labor cost of enterprises is generally low. < /p >
In terms of exports, Bangladesh can enjoy tariff free treatment from Bangladesh when exporting its clothing products to Europe, Canada, Japan and Australia. P Since January 2011, the EU has adopted a more liberal GSP system for the "least developed" countries (LDCs), so Bangladesh's clothing has entered the European tariff free way, but China's products still need to receive a 12% tariff, which makes the cost advantage of Bangladesh clothing exports further expand. < /p >
The proportion of textile and clothing exports in Bangladesh in international trade increased year by year, especially in the EU market. In 2012 1-6, the proportion of China's export clothing products decreased by 0.35%, and Bangladesh's clothing share increased by 1.36%. Bangladesh's clothing exports are growing rapidly and are gradually replacing some of China's low-end orders. < /p >