The country imported apparel totalling $598.073 million in the period from January to April 2022. Of this amount, imports from Bangladesh were valued at $72.909 million, according to data from Fibre2Fashion's market insight tool TexPro. Analysis based on this trade data revealed that Bangladesh successfully claimed a 12.19 per cent market share. While Malaysia's total apparel imports increased in the January-April 2023 period compared to the previous year, its imports from Bangladesh decreased, leading to a lower share in the market this year so far.
During the entire year of 2022, Malaysia imported apparel valued at $2,051.032 million. Its imports from Bangladesh stood at $234.673 million, accounting for 11.44 per cent of the total. Bangladesh maintained its position as the third-largest supplier of apparel to Malaysia during this period.
From January to April 2023, Malaysia imported home textiles valued at $157.855 million. However, Bangladesh had an insignificant presence in the market, with imports from the country valued at just $1.149 million, representing a 0.73 per cent share of the total. Bangladesh did not feature in the top 10 suppliers for home textiles, according to TexPro.
Fibre2Fashion News Desk (KUL)