Bangladesh Apparel Sector’s Value Addition Hits Record Low In FY ’22

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Owing to increase in prices of raw materials on the global market and worldwide supply chain disruptions, value addition in Bangladesh’s readymade garment products in financial year 2021-22, dropped to a record low of 54.37%.

This is as per Bangladesh Bank report titled ‘Quarterly Review on RMG: April-June, FY22’, according to which value addition dropped to 54.37% in FY ’22 from 59% in FY ’21.

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The central bank data further showed value addition had started to decline since the financial year 2019-20 – the value addition in FY ’20 decreased to 56.84% from 64.32% in FY ’19 – even if the value addition in RMG products slightly increased in FY ’21 before showing a downward trend in the first half of FY ’22 (the value addition dropped to 55.80 per cent in the July-December period in 2021-22).

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