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

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search