Home > Textile News > Bangladesh, second largest consumer of cotton fabric in Asia

Bangladesh, second largest consumer of cotton fabric in Asia

Published: 2019-09-09

Bangladesh, the second largest RMG producer in the world, has consumed 869M square meters cotton fabric in 2018 standing in second largest consumer after China (1.9B square meters).



From 2007 to 2018, the average annual rate of growth in terms of volume in Bangladesh totaled +15.7% per year, China totaled -1.6%, and Turkey -0.4% per year.

Top cotton consuming countries Asia

Also in value terms, with US$4.9 billion, Bangladesh remained one of the largest cotton fabric markets in Asia. China ($13B), India ($9.7B) with a combined 63% share of the total market.



Per capita cotton fabric consumption in 2018 was 5,219 square meters per 1000 persons. China ($13B), India ($9.7B) with a combined 63% share of the total market.



From 2007 to 2018, the most notable rate of growth in terms of cotton fabric per capita consumption, amongst the main consuming countries, was attained by Bangladesh, while the other leaders experienced a decline in the per capita consumption figures.



BGMEA President Dr. Rubana Huq termed the over-concentration on cotton-based garment manufacturing as one of the major challenges for the sustainable growth of the industry.



Over the past decade, Bangladesh’s export has grown from $12.34 billion to $ 34.13 billion and it is quite obvious to expect that the sector could have grown more matured in terms of product and material diversity, she stated. But the actual scenario is completely different, she said citing data.



Bangladesh represented the major importer of woven fabrics of cotton in Asia, with the volume of imports reaching 873M square meters, which was near 42% of total imports in 2018. Vietnam (257M square meters) held a 12% share (based on tones) of total imports, which put it in second place.



the BGMEA President said, “The over concentration on cotton based apparel is not only a major drawback for us to diversify our product categories, but also a clear reflection of declining price/value addition of our products.”



In value terms, the largest cotton fabric importing markets in Asia were Bangladesh ($3.4B), Vietnam ($2B) and Indonesia ($855M), with a combined 54% share of total imports.



“The over concentration on cotton based apparel is not only a major drawback for us to diversify our product categories, but also a clear reflection of declining price/value addition of our products.”



RUBANA HUQ, PRESIDENT, BGMEA

Bangladesh represented the major importer of woven fabrics of cotton in Asia, with the volume of imports reaching 873M square meters, which was near 42% of total imports in 2018. Vietnam (257M square meters) held a 12% share (based on tones) of total imports, which put it in second place.



In value terms, the largest cotton fabric importing markets in Asia were Bangladesh ($3.4B), Vietnam ($2B) and Indonesia ($855M), with a combined 54% share of total imports.



In 2018, the production of woven fabrics of cotton in Asia totaled 6.2B square meters, going down by -4.2% against the previous year.

Major importer of woven fabrics cotton in Asia

In value terms, cotton fabric production stood at $46.9B in 2018 estimated in export prices. Over the period under review, cotton fabric production continues to indicate a mild decrease. China (3.1B square meters) remains the largest cotton fabric producing country in Asia, accounting for 50% of total production.

Moreover, cotton fabric production in China exceeded the figures recorded by the region’s second-largest producer, Turkey (833M square meters), fourfold. India (792M square meters), with a 13% share.



In 2018, approx. 2.1B square meters of woven fabrics of cotton were imported in Asia; increasing by 4.9% against the previous year.



The revenue of the cotton fabric market in Asia amounted to $43.9B in 2018, increasing by 2% against the previous year.



The figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Overall, cotton fabric consumption continues to indicate a measured drop.



In 2018, the production of woven fabrics of cotton in Asia totaled 6.2B square meters, going down by -4.2% against the previous year.



In value terms, cotton fabric production stood at $46.9B in 2018 estimated in export prices. Over the period under review, cotton fabric production continues to indicate a mild decrease. With China (3.1B square meters) remains the largest cotton fabric producing country in Asia, accounting for 50% of total production.



Moreover, cotton fabric production in China exceeded the figures recorded by the region’s second-largest producer, Turkey (833M square meters), fourfold. India (792M square meters), with a 13% share.



The findings was published in ‘Asia – Woven Fabrics Of Cotton – Market Analysis, Forecast, Size, Trends and Insights’ report by the IndexBox.



Source:Textile Today