Home / Knowledge / News / Textiles / 'Bangladesh to become largest cotton importer by 2020'
'Bangladesh to become largest cotton importer by 2020'
04
Aug '16
Bangladesh will overtake China as the world's largest importer of cotton within four years, according to Australian Trade and Investment Commission (Austrade), an Australian government body.

Only 0.1 million bales of cotton is locally produced in Bangladesh and the country currently imports more than 6 million bales annually. This figure is projected to double within four years and see Bangladesh overtake China as the world's largest cotton importer, said Tim Martin, Austrade's New Delhi-based trade commissioner and Bangladesh country manager.

As the second largest cotton importer in the world, Bangladesh is a significant cotton export market for Australia, the world's fourth largest exporter, which has “earned a reputation as a reliable supplier of high-quality cotton which has almost zero contamination,” said Martin.

While Australia's cotton industry competes against a highly globalised market, short shipping times from Australian ports, in Brisbane, Sydney and Melbourne, to Asian markets provide added advantages.

To position Australia as a key cotton supplier to Bangladesh, Austrade Dhaka, in partnership with the Australian Cotton Shippers Association (ACSA), has conducted numerous initiatives with the local textile sector. This included the 10 member ACSA delegation, led by chairman Tony Geitz, which visited Dhaka in May this year. The delegation participated in seminars which highlighted Australia's cotton capabilities, quality attributes and latest research.

The delegation also met with 90 Bangladeshi business people, textile mill representatives, local agents and importers, to explore further cooperation and partnerships between Australia and Bangladesh.

“While Bangladeshi spinners still think Australian cotton is expensive, tie-ups between textile companies in Bangladesh and big retail buyers in Australia are proving to be a lucrative and growing channel for Australian cotton growers,” said Martin. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search