Interviews
'Home textiles can become major export item' – Exporters
25 Jul '11
2 min read
Although Bangladeshi home textiles have a modest presence in the international markets, it has the potential to become a major export item, according to exporters.
Home textiles, that includes bedspread, curtains, aprons, bed and table linens, rugs, blankets, napkins, gloves, etc. have a global market estimated to be around US$ 140 billion.
Bangladesh's annual earnings from export of home textiles had been in the range of US$ 257 million to US$ 403 million during 2006-10 periods. But the fiscal year 2010-11 saw its exports rise to US$ 788 million, mainly owing to the soaring cotton prices.
However, the exporters are upbeat and are expecting the home textiles sector to cross the US$ 1.0 billion mark in the current fiscal. Their hope is based on factors like the economic recovery in the western nations that are the major importers of Bangladeshi home textiles, internal strife in Pakistan and the rising cost of labour in China, both of which are its competitors.
The EU has a US$ 4 billion market for home textiles and the revised Rules of Origin (RoO), which came into effect from January 1, 2011, provide an excellent platform for Bangladesh to increase its exports.
In addition, organic household lines have a demand in some of the European countries like the UK, France and the Germany, which can be exploited by Bangladeshi exporters. Hence, the exporters are expecting an increase in the volume of their home textiles exports.
They, however, ask only two things from the Government, to enhance the export of home textiles – to regulate the supply of electricity and to give special attention along with all possible assistance to the sector.
This would also make the country a little less dependent on the readymade garments (RMG) sector for foreign exchange, they say.
Editor's note-
Bangladeshi exporters have already completed half of the job by identifying a good opportunity. However, accomplishing the task is more difficult and they would need to sincerely put in their efforts to not let the opportunity go.
Home textiles, that includes bedspread, curtains, aprons, bed and table linens, rugs, blankets, napkins, gloves, etc. have a global market estimated to be around US$ 140 billion.
Bangladesh's annual earnings from export of home textiles had been in the range of US$ 257 million to US$ 403 million during 2006-10 periods. But the fiscal year 2010-11 saw its exports rise to US$ 788 million, mainly owing to the soaring cotton prices.
However, the exporters are upbeat and are expecting the home textiles sector to cross the US$ 1.0 billion mark in the current fiscal. Their hope is based on factors like the economic recovery in the western nations that are the major importers of Bangladeshi home textiles, internal strife in Pakistan and the rising cost of labour in China, both of which are its competitors.
The EU has a US$ 4 billion market for home textiles and the revised Rules of Origin (RoO), which came into effect from January 1, 2011, provide an excellent platform for Bangladesh to increase its exports.
In addition, organic household lines have a demand in some of the European countries like the UK, France and the Germany, which can be exploited by Bangladeshi exporters. Hence, the exporters are expecting an increase in the volume of their home textiles exports.
They, however, ask only two things from the Government, to enhance the export of home textiles – to regulate the supply of electricity and to give special attention along with all possible assistance to the sector.
This would also make the country a little less dependent on the readymade garments (RMG) sector for foreign exchange, they say.
Editor's note-
Bangladeshi exporters have already completed half of the job by identifying a good opportunity. However, accomplishing the task is more difficult and they would need to sincerely put in their efforts to not let the opportunity go.
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