Saturday, February 15, 2025
spot_img
spot_imgspot_img
HomeNews & ViewsTextile & ApparelBangladesh will open at least six new denim mills in the next two...

Bangladesh will open at least six new denim mills in the next two years

fashionable clothes. pile of jeans on a wooden background

Local suppliers can meet only 40 per cent of Bangladesh’s annual demand for denim fabrics and the rest is met through imports from China, India and Pakistan. Last fiscal, Bangladesh exported denim goods worth $2 billion.

Increasing demand for denim fabrics from garment makers has encouraged investors to establish new factories. Currently, Bangladesh has 30 denim mills with a capacity to produce 435 million yards of fabrics a year. Bangladesh’s denim exports are forecast to reach seven billion dollars by the end of 2021.

Existing investment in the denim sector is more than $1 billion. Bangladesh is moving away from basic denim products to high-end denim products.

Many foreign companies are now coming to open offices or factories in Bangladesh, the hub for denim. With higher demand for denim, Bangladesh has overtaken China to become the largest denim supplier to the European Union. Its denim exports to the 28-nation bloc have a 21.18 per cent market share. Bangladesh supplies denim products to major global retailers, including Levi’s, Diesel, G-Star Raw, H&M, Uniqlo, Tesco, Wrangler, s.Oliver, Hugo Boss, Walmart, and Gap. Annually 2.1 billion pieces of denim are sold globally.

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement - spot_img

Join Our Weekly Newsletter

spot_img

Upcoming Events

 

Simillar News

Recent Random

Pioneering the Next Era of Textile Chemicals: Matex’s Roadmap for Innovation and Growth

Matex Bangladesh Limited (MBL) a sister concern of Apex Holdings Limited, started its production and distribution of specialty chemicals in 1994. The main objective of...

Texworld/Apparel Sourcing Paris

27 Bangladeshi Apparel, Denim, and Fabric Manufacturers are Showcasing Their Products at Texworld/Apparel Sourcing Paris 2025 The Texworld/Apparel Sourcing Paris started today, bringing together over...

40 Leading Bangladeshi Companies Displaying Creativity and Quality at Ambiente 2025

Ambiente 2025, currently taking place in Frankfurt, Germany, from February 7 to 11, has attracted a remarkable 3,694 exhibitors from 81 countries. Among them...