Once upon a time, the woven sector of Bangladesh was in the leading position. In the previous year 2017-2018, the export value of woven fabric was 50.39% and which was 15426.25 million $ of the total worth. But now, the woven sector had seen negative growth in major export destinations like Germany and the US.
The government has set a goal to achieve 50 billion total exports by 2021. There is a big demand for woven fabric approximately 3 billion meters considering the current consumption for export per year. But local mills can produce 45 million meters of fabric which is around 14-15% of demand.
Bangladesh is spending almost 4 billion $ on import fabric. So, we can say there is a huge gap in the demand and supply of woven fabric.
This article is showing you the calculation and how big opportunities we have in the woven sector. Here I’m giving a shortlist of the factories whereas produce woven fabric products such as,
- AB Textiles Mills (BD.) Ltd.
- Euro Bangla group
- Greenway Resources
- Prime Tex International
The calculation is given from Textile Today
About the Writer:
BGMEA University of Fashion and Technology (BUFT)
Department of Textile Engineering