2023-11-08 11:00:00
Overview of Bangladesh Denim
The wide consumption of denim by fashion connoisseurs globally has created a new opportunity for Bangladesh. The industry in Bangladesh presently has 25 denim producing factories with total investment of over USD 834 million. [1] The monthly productions of denim stands at 30 million yards per month while the demand of nearly 60 million yards. To fulfill the balance demand, imported 30 to 35 million yards per month from countries like China, India & Pakistan which average value is USD 75 million. The total investment in the denim sub-sector is USD 900 Million according to BTMA data. [2]
Moreover global Market for Denim is forecast to reach USD 64.1 billion by 2020. In 2013-2014, export of denim products to the USA and EU markets rose by roughly 25 percent and day by day it is increasing. The total denim production of the whole world are approximate 7 billion meters and within these total 70% fabric is produced in Asia.
The future of Bangladesh’s denim industry is bright. To meet the growing demand of denim fabric to International market, the local mills are investing hugely on state-of-the-art imported machineries especially on the weaving & processing side and setting up large plants in the country.
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