Prospects for the Textile and Garment Industry in Bangladesh - 2008/09/01 - Textiles Intelligence

Report title: Prospects for the Textile and Garment Industry in Bangladesh

from Textiles Intelligence
41 page report published Sep 01, 2008

Price $785.00 available for immediate download

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The textile and garment sector in Bangladesh fulfils a crucial role in the country’s economy. In the 2006/07 fiscal year (July 2006-June 2007), it accounted for as much as 76% of the country’s total exports. And in 2006 it provided jobs for 4.5 mn people, accounted for 10.5% of the country’s GDP, and contributed 40% of its manufacturing output. Exports have been growing at an impressive rate in recent years. In 2006/07 alone, they increased by 18.2% to reach US$9.6 bn, a record level for the fifth consecutive year. Looking ahead, Bangladesh has an excellent opportunity to boost exports of garments to the USA and EU countries where demand for low cost apparel is increasing. The introduction of quotas restricting EU and US imports from China in 2005 and 2006 respectively has already provided it with a breathing space in which to gain market share. So has the EU’s Generalised System of Preferences (GSP) scheme, which provides garment manufacturers in Bangladesh with duty-free access to the EU market—subject to certain conditions relating to the origin of the materials used in the manufacture of the garment. However, there are significant obstacles to overcome if the industry’s full potential is to be reached. In the short term, the fermenting issue of employment conditions needs to be addressed. Also, economic difficulties in the USA and Western Europe, and the prospect of a recession, have already led to a slowdown in consumer spending. Unless there is a speedy recovery, exports of textiles and clothing from major suppliers such as Bangladesh could suffer as Western buyers cut back on their purchases. Over the longer term, considerable investment is required to improve, update and extend the infrastructure in Bangladesh. Meanwhile, the textile sector needs to implement its own modernisation programme in order to satisfy a greater proportion of the garment industry’s raw material requirements.

Source:

Textiles Intelligence Ltd

Document ID:

TOI 135 Bangladesh

Country:

Bangladesh

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Title	Starting Page	Number of Pages
Sections
SUMMARY	5	1
IMPORTANCE OF THE TEXTILE AND GARMENT INDUSTRY TO THE ECONOMY OF BANGLADESH	5	1
DEVELOPMENT OF THE TEXTILE AND GARMENT INDUSTRY IN BANGLADESH	6	1
BANGLADESH: GEOGRAPHICAL, POLITICAL AND ECONOMIC PROFILE	7	4
GEOGRAPHY	7	2
POLITICAL STRUCTURE	9	1
ECONOMIC PERFORMANCE	9	1
Table 1: Bangladesh: political and economic profile, 2008	10	1
Table 2: Bangladesh: economic indicators, 2004/05-2006/07	10	1
BANGLADESH: INFRASTRUCTURE	11	3
TRANSPORT	11	1
TELECOMMUNICATIONS	12	1
INDUSTRIAL ZONES	12	2
BANGLADESH: HUMAN RESOURCES	14	2
Table 3: Bangladesh: employment in the textile and garment sector, 2006	15	1
SIZE AND STRUCTURE OF THE TEXTILE AND GARMENT INDUSTRY IN BANGLADESH	16	3
TEXTILES	16	1
Table 4: Bangladesh: number of mills and installed capacity in the short staple spindle sector, 1983-2006	17	1
GARMENTS	18	1
TEXTILE AND GARMENT PRODUCTION IN BANGLADESH	18	2
Table 5: Bangladesh: yarn and fabric production, 1995/96-2005/06	18	2
PRODUCTION TECHNOLOGY AND MACHINERY IN BANGLADESH S TEXTILE AND GARMENT INDUSTRY	20	2
MARKETS FOR BANGLADESH S TEXTILE AND GARMENT INDUSTRY	22	2
Table 6: Bangladesh: garment exports to major markets by type, 2004/05-2006/07	22	2
BANGLADESH S TEXTILE AND GARMENT EXPORTS AND IMPORTS	24	6
EXPORTS	24	1
Exports by value	24	1
Table 7: Bangladesh: garment exports and total exports, 1983/84-2006/07	25	1
Table 8: Bangladesh: exports of textiles and textile products, 2001/02-1st half 2007/08	26	1
Exports by volume	26	1
Exports by product category	26	1
Table 9: Bangladesh: garment exports by value and by volume, 1992/93-2006/07	27	1
Table 10: Bangladesh: woven garment exports, 2001/02-2006/07	27	1
Table 11: Bangladesh: knitted garment exports, 2001/02-2006/07	27	1
Unit prices	27	1
Outlook	28	1
IMPORTS	28	1
Table 12: Bangladesh: imports of fibres, textiles and textile articles, 1990/91-2006/07	29	1
FOREIGN INVESTMENT IN BANGLADESH S TEXTILE AND GARMENT INDUSTRY	29	3
Table 13: Bangladesh: investment in the textile sector, 2008/09	30	2
TEXTILES AND GARMENTS IN BANGLADESH: GOVERNMENT POLICIES AND INVESTMENT INCENTIVES	32	4
TEXTILES AND GARMENTS IN BANGLADESH: STRENGTHS, WEAKNESSES, OPPORTUNITIES AND THREATS	36	6
STRENGTHS	36	2
WEAKNESSES	38	1
OPPORTUNITIES	39	1
THREATS	40	2

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Textiles Intelligence specialises in providing business information on the global fibre, textile and apparel industries. It was formed in 1992 as a spin-off from the Economist Intelligence Unit and the company now publishes more than 100 reports a year on the textile and apparel industry. Reports contain authoritative research-based information and statistical data – including details of markets for, and developments in, niche sectors such as technical textiles and performance apparel – and are used by senior executives, investors and strategists who need to understand all areas of the supply chain.

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