Textile And Garment Industry Promotes Bangladesh'S Economic Development

At present, Bangladesh has more than 2000 textile factories, and more than 6000 garment processing plants, employing more than 4 million 800 thousand, becoming the second largest in the world after China.

Exporting country.

The textile and garment industry plays an important role in Bangladesh's economy. Clothing exports account for 80% of Bangladesh's total merchandise exports, with over 5 million employment, of which 70% are women.

In the light of the situation of Bangladesh's textile and apparel industry, the following points are summarized as follows:

1, Bangladesh textile machinery and equipment, old cloth, yarn and other raw materials supply is insufficient; China Textile Machinery Industry in the Meng market prospects.

2, the demand for Bangladesh is strong, and domestic demand can only meet about 50%.

3, Bangladesh's wide range of fabric and knitwear production capacity, dyeing and finishing capacity is seriously insufficient, China's printing and dyeing finishing has a broad market prospect.

Garment manufacturing industry is developing rapidly, with an annual increase of over 16%.

2012~2013 fiscal year, Bangladesh

The total export volume was 21 billion 510 million US dollars, accounting for 80% of the total export volume.

Among them, the garment manufacturing industry is developing rapidly, with an average annual growth rate of over 16%.

The garment industry in Bangladesh has been developing steadily since its start in 1978. In 2005, the total export volume exceeded the US $5 billion mark, reaching US $6 billion 400 million. In 2010, it reached US $12 billion 500 million and reached US $24 billion 800 million in 2014.

It is predicted that Bangladesh's export volume will reach US $50 billion in 2021, and we can achieve the goals of safe working environment, sustainable environmental protection and diversified products.

Textile and clothing industry has led to the development of other related industries

The textile and garment industry is the main source of Bangladesh's banking, insurance and shipping industry. It also promotes pportation, hotel, hairdressing, cosmetics and other related industries. It provides about 800 thousand jobs for the textile and garment and machinery parts industry, and the resource recovery industry has about 200 thousand job opportunities.

Nearly half of Bangladesh's textile and clothing exports to Europe, the main export market for garments is the European Union and the United States, of which France accounts for 22% of exports and Germany accounts for 17%.

The EU is the largest trading partner, and Bangladesh's textile and clothing exports to the EU are showing steady growth momentum. Global demand continues to pick up and further boost Bangladesh's clothing exports.

The rise and fall of the garment industry has a direct impact on economic development and people's livelihood.

Due to geographical advantages, China, India, South Korea and Indonesia will become the fastest growing export destination market in Bangladesh.

Nevertheless, with the rising demand in western countries, the United States, Germany and the United Kingdom remain the largest export markets in Bangladesh and will remain unchanged by 2030.

The proportion of clothing exports to total exports in Bangladesh increased from 6% in 80s to 80% now, making it the most important source of foreign exchange earnings in the country.

Therefore, the rise and fall of the garment industry has a direct impact on the economic development and livelihood of Bangladesh, which can be said to be the lifeblood of Bangladesh's economy.

The equipment is also very obsolete and needs to be replaced.

In the development and production system of the textile and garment industry in Bangladesh, the weaker part of the middle and upper reaches such as spinning, weaving, dyeing and finishing is not as important as the value of clothing and employment.

According to statistics, Bangladesh now has more than 200 spinning factories.

About 40% of the 200 spinning mills are backward in technology, and the equipment is very old. It is necessary to replace the equipment immediately and upgrade the production technology level.

Bangladesh has more than 350 large and medium-sized woven fabric factories and more than 1000 small weaving factories, with more than 40 thousand looms, but only about 1/4 of looms are shuttleless looms.

In addition, Bangladesh has more than 500 knitted fabric dyeing and finishing plants and more than 300 machine loom dyeing and finishing plants, with an annual processing capacity of about 2 billion 500 million meters.

Market structure and development potential

Bangladesh clothing export preferential policies

The main destinations for export are the European Union, the United States, Japan, Australia, Canada and so on. The preferential treatment granted to Bangladesh by these countries and regions is as follows:

1, according to the EU's "GSP" and "EBA" system (all goods except weapons), Bangladesh enjoys free quotas and tariff free treatment in the EU market. Even in the "post quota era", these preferential treatment will remain, which is the main advantage of Bangladesh's textile industry than its competitors.

2, Bangladesh textiles received tariff free and quota free market access preferential treatment in Canada, Norway, Japan, New Zealand and Australia in 2004 and before.

3, in the US market, Bangladesh has 30 categories of clothing products subject to quota restrictions, much less than China's restricted products.

In recent years, the Bangladesh government has been actively lobbying the United States to grant zero tariff entry to Bangladesh clothing (like the other 33 sub Saharan countries and the least developed countries in the Caribbean).

The European Union and the United States are the main export markets.

About 44% of Bangladesh woven garments are exported to the European Union, about 49% of which are exported to the United States, and the rest are mainly exported to Japan, Canada and Australia. The rest of the world accounts for only about 1.6% of its total exports. About 59% of its exported knitted garments are exported to the European Union, about 34% to the United States, and the rest are mainly exported to Japan, Canada and Australia, and the rest of the world accounts for only about 1.8% of its total exports.

There is huge demand for textile raw materials and machinery in the domestic market.

Bangladesh's domestic market has great demand for textile raw materials and textile machinery, and China Textile machinery has a bright future in the Meng market.

China's textile machinery industry has developed very rapidly in recent years, not only the spinning frame, but also other equipment such as blowing carding unit, comber, drawing frame, roving machine, Winder, and some chemical fiber equipment, etc., can meet the needs of Bangladesh customers in terms of product quality and reliability.

At present, many textile factories in Bangladesh use equipment from Germany, Japan and other countries.

Although the performance is superior, but the price is high.

As China's textile machinery has absolute competitive advantage in price, its share in the textile machinery market in Bangladesh is expected to grow.

Huge gap brings opportunities to Chinese Enterprises

Bangladesh's huge gap in textile equipment and yarn and cloth

It brings opportunities; Bangladesh's supply of raw materials such as cloth and yarn is insufficient; China's dyeing and finishing industry has a bright prospect in the Meng market.

Although the output of cloth products in Bangladesh has an annual growth rate of two digits, it can only meet 50% of the demand because of the exuberant market demand.

In order to narrow the gap between supply and demand, Bangladesh needs to invest or attract foreign capital to build a series of spinning and weaving factories in the future, which will undoubtedly bring huge investment opportunities to China's spinning enterprises.

Bangladesh's wide range of fabrics and knitwear have a serious shortage of production capacity and dyeing and finishing capabilities.

The contradiction between the abnormal development of cotton, cotton yarn and weaving capacity has not been alleviated. The contradiction between a large number of urgently needed grey fabrics and the serious shortage of dyeing and finishing ability has become increasingly prominent.

It is embarrassing that in Bangladesh, garment processing enterprises have to use more than 70% of local raw materials to obtain certificates of origin. Due to the lack of proper processing and processing of large quantities of grey cloth processed or imported by Bangladesh, the garment processing enterprises often postpone delivery.

According to Bangladesh garment manufacturers and Exporters Association, Bangladesh still has more than 2 billion square meters of dyeing and finishing gap to be filled, which left a big room for development for China's dyeing and finishing enterprises.