The forecast for Thailand's wearing apparel exports to Bangladesh shows a significant decline from 2024 to 2028. In 2023, the value stood at 460.12 thousand USD. Beginning in 2024, the value is expected to drop to 379.32 thousand USD, representing a sharp year-on-year decrease of approximately 17.6%. The downward trend continues in 2025 with a further decrease of 14.7%, bringing the export value to 323.36 thousand USD. A similar pattern is anticipated over the next few years, with declines of around 17.0%, 20.0%, and 24.5% projected for 2026, 2027, and 2028 respectively. The compound annual growth rate (CAGR) over the five-year period averages to a negative rate, reflecting an annual reduction of approximately 22.2% in export values.
Future trends to watch for include potential changes in trade policies between Thailand and Bangladesh, shifts in global market demands, and any significant economic developments within either country that could impact the apparel trade. Additionally, monitoring advancements in technology and production processes that might affect the cost and quality of Thai apparel could provide insights into future export performance.
