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Cotton Imports By Bangladesh Decline Significantly In 2023

Textile Insights January 9, 2024

Bangladeshi cotton imports declined significantly to 1.35 million tons, decreasing by 24.85 percent compared to 1.80 million tons in 2022. Imports of cotton, yarn and fabric by Bangladesh slipped in 2023, although exports of apparel grew 3.67 percent the same year But imports of manmade fibre

Industry

Bangladesh Textile Mills Urge Govt To Mandate 70% Use Of Local Yarn

Textile Insights January 4, 2024

Bangladesh textile mills have urged their government to make it mandatory for fabrics and apparel manufacturers to buy cotton yarn from domestic mills due to the ongoing foreign exchange crisis. In a letter the Bangladesh Textile Mills Association (BTMA) said that if garments are manufactured with domestic yarn, then the value addition is 65 percent, […]

Industry

Bangla Mills Impacted By Falsely Declared Imported Textiles

Textile Insights August 28, 2023

The Bangladesh Textile Mills Association (BTMA) has raised the issue of false declaration of imports of yarns, fabric and dress materials, which is impacting sales of locally produced textiles. In a letter addressed to the Customs Bond Commissionerate, BTMA President Mohammad Ali Khokon said, the textile industry is already reeling under challenges of foreign exchange […]

Industry

Bangladesh Yarn Usage Down 31.55% Between Jan-June 2023

Textile Insights August 22, 2023

Despite exports of garments moving upwards, albeit slowly, yarn usage in Bangladesh has reduced by 31.55 percent in the January to June 2023 period. Data released by Bangladesh Textile Mills Association (BTMA) informed that knitting and clothing factories bought 809,351 tons of yarn in the first six months of 2023, down 31.55 percent year on […]