Bangladesh: Textile Production Fully Recovered, Cotton Imports Began To Increase

According to the Bangladesh Cotton Association, the number of cotton bales decreased by 13.4% in the first year compared with the same period in the previous 10 years.

In the 2019 / 20 fiscal year, due to the strong demand of clothing exporters for yarn and cloth, the cotton import demand of Bangladesh continued to increase until February this year. Then, from March 26, the textile mills in the country were closed for two months due to the epidemic situation, and most yarn and cloth manufacturers closed in March to June.

According to reports, most textile mills resumed production after the epidemic blockade was lifted on May 30. Although the international cotton price has fallen sharply before, the factory is still digesting the early stock of cotton, and many import enterprises have also delayed taking delivery from the port. However, with the recovery of downstream demand, textile mill product inventory has been largely digested, so cotton import demand will increase from now on.

At present, the production capacity of most garment factories in Bangladesh has recovered to about 75%, which shows that orders are recovering smoothly. Industry insiders said that if international buyers continue to purchase from Bangladesh at the current pace, the country's demand for cloth will continue to increase after September.

According to the introduction of Bangladesh Textile Association, by the end of next year, the textile manufacturers in Bangladesh will have completed the task of exporting more than 50% of the cloth by the end of September.