The demand for the Denim market is still growing. So the opportunity in the denim market is higher day by day. If we organically research on denim market first we have to focus on the size of the denim market & when we think about the denim market the first name that comes to our mind is the Us denim market.
Worldwide Denim Market
According to grand view research in 2018, denim market size was $64.62 billion & Us share was about $17 billion & the expected compound annual growth rate (CAGR) will 2.5%. so the growth rate is increasing day by day.
Now Let’s see the list of main companies share. Nike is still the top player in this market. According to the statistics, in 2019 Nike sales were $138 billion on the other hand Levi’s was $8.1billion. & still, Nike is the favorite company Brand for apparel & about 51.69% part captured by this brand.
Now if we see the European denim market according to Eurostat, they import 7.7£ billion in 2014 & in 2019 the value was 9.2£ billion. So, this will be the largest apparel market in the future.
in Europe Denim Market top apparel Exporting Countries are China, Bangladesh, India, Turkey, Pakistan. Bangladesh Export Value was £445 Million in 2010 & in 2015 the value was about £1170 Million. China’s export value was £1113 Million in 2010 & in 2015 it was $670. So Bangladesh can expect more from European export.
In the Us market, Bangladesh’s export value was about $560 million in 2020 which was higher than the earlier year. In 2018 the value $245 million & if we see the biggest apparel exporter country Mexico which export was $360 million. Which was larger than Bangladesh. But here Bangladesh has an opportunity to increase this. Need some steps to go ahead.
May the dream be successful for those who have seen this possibility in Bangladesh. congratulations to those who want to dream of such an opportunity in the future, wake up those who are sleeping without dreams. Good luck to everyone.
Muntakimul Abedin Khan
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