Bangladesh'S Domestic Textile Exports Increased By 96% In FY2011
In the fiscal year that just ended, Export of Bangladesh national textiles manufacturer The main reason is that the price of raw materials in domestic and foreign markets has increased.
It is expected that the world economic situation will improve, The People's Republic of Bangladesh In the 2011-12 fiscal year, the export target of home textiles is set at 1 billion US dollars.
Export revenue from home textiles has been growing over the past five years and is expected to reach $1 billion this year, according to EPB officials.
The western world has recovered from the global recession, so, The People's Republic of Bangladesh In the fiscal year just ended, exports reached $78876 million, an increase of 96% over the same period in 2009-10.
In the fiscal year 2010-11, Export of home textiles US $5635 million. Export revenue was $202.4 billion a year ago.
The export of household textiles from 2007 to 2010 was $1350.376 billion (US $1.358 billion).
The export promotion board (EPB) has set a target of US $985.95 million for domestic textiles exports in the current fiscal year.
Jalal Ahmed, vice president of the Export Promotion Bureau, said that home textiles are a promising industry with export revenue increasing year by year. He is confident that the home textiles sector can export $1 billion in 2011-12.
The main reason, he explained, is that Bangladeshi products are cost competitive compared with China, the main competitor, because China's production costs are increasing.
Industry insiders say the increase in demand for home textiles in Bangladesh is mainly due to insufficient production in China and Pakistan, the two major producers of household textiles.
Bangladesh exports home textiles including bed sheets, bedspreads, pillowcases, cushion covers, curtains, carpets, quilts, kitchen aprons, gloves, napkins and tablecloths. The export countries are EU countries, the United Kingdom, the United States, Canada, Mexico, Australia, Japan and Dubai.
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