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Textile machinery occupies major market share of Bangladesh

08
May '07
In recent years, more and more Chinese textile machineries have been exported to Bangladesh so much so that Chinese textile machinery has occupied around 50 percent market share of Bangladesh.

Industry experts revealed that, soon, the entire Bangladeshi textile industry would depend on Chinese textile machinery.

Three years before, the trade value between China and Bangladesh was just around US $1.1 billion a year, but last year, trade value has reached $3.1 billion, with a 36.83 percent rise.

Some buyers from Bangladesh said, though China offers lower prices for textile machinery than other countries like Japan, Germany, Italy, quality of Chinese textile machinery is very good. Bangladeshi traders have seen huge profit in their business after importing Chinese textile machinery.

In addition, the first four importers of Chinese textile machinery are India, Hongkong, Pakistan and Bangladesh.

Fibre2fashion News Desk - China


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