Editing Textile (section)

==== Changing dynamics of the market ====
China is the largest exporter of textile goods. Most of China's exports consist of apparel, apparel accessories, textile yarns, and textile products. The competitive advantages of the China are low prices and abundant labor, lowered commercial obstacles, and a ready supply of raw materials. China, along with the United States and India, is a major producer of cotton.<ref>{{Cite web |title=Largest textile exporting countries in 2019 |url=https://www.statista.com/statistics/236397/value-of-the-leading-global-textile-exporters-by-country/ |access-date=2022-05-31 |website=Statista |language=en |archive-date=2022-05-31 |archive-url=https://web.archive.org/web/20220531042947/https://www.statista.com/statistics/236397/value-of-the-leading-global-textile-exporters-by-country/ |url-status=live }}</ref><ref>{{Cite web |title=World cotton production by country 2019 |url=https://www.statista.com/statistics/263055/cotton-production-worldwide-by-top-countries/ |access-date=2022-05-31 |website=Statista |language=en |archive-date=2020-04-17 |archive-url=https://web.archive.org/web/20200417213314/https://www.statista.com/statistics/263055/cotton-production-worldwide-by-top-countries/ |url-status=live }}</ref>

China's apparel market share has declined in recent years due to various reasons and a shift toward high-end, sophisticated products. Additionally, the investors from China made stakes in Myanmar, Vietnam, and Cambodia. Last year, its market share was 36.7%, or $161&nbsp;billion, a decline of 8% year-over-year. In other words, China lost $14&nbsp;billion in garment work orders to other countries in a single year. In 2016, Bangladesh's apparel market share was valued at $28&nbsp;billion, increasing 7.69 percent from the previous year.

In 2016 the leading exporters of apparel were China ($161&nbsp;billion), Bangladesh ($28&nbsp;billion), Vietnam ($25&nbsp;billion), India ($18&nbsp;billion), Hong Kong ($16&nbsp;billion), Turkey ($15&nbsp;billion), and Indonesia ($7&nbsp;billion).<ref>{{Cite web |last=Mirdha |first=Refayet Ullah |date=11 August 2017 |title=Exporters hardly grab orders diverted from China |url=https://www.thedailystar.net/business/exporters-hardly-grab-orders-diverted-china-1446907 |access-date=2022-05-31 |website=The Daily Star |language=en |archive-date=2022-05-23 |archive-url=https://web.archive.org/web/20220523144220/https://www.thedailystar.net/business/exporters-hardly-grab-orders-diverted-china-1446907 |url-status=live }}</ref>

Garment exports from Bangladesh reached record high in the 2021–2022 fiscal year; China ($220,302&nbsp;billion), Bangladesh ($38.70&nbsp;billion), India ($8.127&nbsp;billion), Pakistan ($19.33&nbsp;billion).<ref>{{Cite web |last=Yusuf |first=Anik |date=12 March 2023 |title=Garment Exports in Bangladesh Reached Record High in 2021–2022 Fiscal Year |url=https://textiletuts.com/garment-exports-in-bangladesh-reached-record-high-in-2021-2022-fiscal-year/ |access-date=2023-03-15 |website=TextileTuts |language=en |archive-date=2023-03-15 |archive-url=https://web.archive.org/web/20230315141526/https://textiletuts.com/garment-exports-in-bangladesh-reached-record-high-in-2021-2022-fiscal-year/ |url-status=live }}</ref>