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    Bangladesh trying to promote exports of artificial fiber apparel: TexPro

    Bangladesh is looking to focus on the synthetic textile apparel market due to the growing global demand for garments made from synthetic and blended yarns. This is expected to increase national synthetic apparel exports in the coming months. Today, cotton apparel accounts for about 70 percent of total apparel exports from Bangladesh.

    According to the International Textile Manufacturers Federation (ITMF), artificial textile apparel accounts for about 78% of the global fashion garment market.

    According to the Bangladesh Textile Factory Association (BTMA), the country’s spinning mills are beginning to switch to producing synthetic yarns. Due to the growing demand from garment factory owners, some of the industry’s strongest players have already invested in the establishment of new units of synthetic and blended yarns.

    Bangladesh is looking to focus on the synthetic textile apparel market due to the growing global demand for garments made from synthetic and blended yarns. This is expected to increase national synthetic apparel exports in the coming months. Today, cotton apparel accounts for about 70 percent of total apparel exports from Bangladesh.

    Norman Group, a leading textile manufacturer in South Asia, has established a synthetic yarn production unit capable of producing approximately 100 tonnes of synthetic yarn per day. We are also constructing units for blended spinning and cotton yarn with a daily production capacity of 125 tonnes. The company has invested about 500 chlores in the unit and production is scheduled to begin in October 2022.

    In addition, the Envoy Group plans to invest Tk125 Claw in the production of approximately 12 tonnes of synthetic blended yarn per day. Matin Spinning Mills will invest Tk186 Chlore to produce synthetic yarns, and Maksons Group plans to invest about Tk1,000 Chlore in three new spinning units in the Millsaray Economic Zone. Square Textiles and Mozaffar Hossain Spinning Mills have invested about Tk30 and Tk250 chlores, respectively. Currently, Bangladesh imports most synthetic fibers from China.

    Bangladesh’s average monthly exports of artificial clothing were $ 585.74 million in the second half of 2020, while the average monthly exports in the first half of 2021 were $ 450.57 million, down 23.08%. Fiber2Fashion market analysis tool TexPro..

    However, it is expected to increase by 9.42% in the second half of 2021 to an average of $ 439 million per month. By 2022, the monthly average is expected to surge 33.51% to reach $ 658.22 million.

    Fiber2Fashion News Desk (KD)

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    Bangladesh trying to promote exports of artificial fiber apparel: TexPro

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