Saturday, June 14, 2025
spot_img
spot_img
HomeFashion & RetailHome Textile export in FY22 grew by 43.28 per cent to $1.62 billion

Home Textile export in FY22 grew by 43.28 per cent to $1.62 billion

spot_img

Desk Report: According to the EPB data, Bangladesh bagged $52.02 billion through exports in fiscal year 2021-22, registering a 34.38% year-on-year growth.

epb july
Source: EPB

Ready Made Garments sector, the highest earners of the export receipts, earned $42.6 billion in the FY22, fetching a y-o-y growth of 35.47%, which was $31.45 billion in the last fiscal.

Home textile, a new player in the export basket, earned $1.62 billion in the FY22 registering a growth of 43.28% from $1.13 billion in FY21.

Home textile has gradually emerged as a new player in the textile production and exports from Bangladesh. According to Industry insiders, Home textile is one of the first-line export sectors in Bangladesh with the ability to produce bulk products, which also accelerated the country to emerge as a global leader. 

Home Textile acs

The home textile export basket of the country includes bed linen, bed sheet and other bedroom textiles, bath linen, carpets and rugs, blankets, kitchen linen, curtains, cushions and cushion cover, and covers for quilts

According to Technavio, the global home textiles trade was valued at $118 billion in 2017, $131.5 billion in 2020 and will be $170-$180 billion by the end of 2025, growing at a CAGR of 3.5% or more during 2018-2025. 

YOU MAY ALSO LIKE
spot_img

Join Our Weekly Newsletter

- Advertisement - spot_img

Upcoming Events

 

Simillar News

Recent Random

Better Cotton Announces Nick Weatherill As New CEO 

Better Cotton, the world’s largest cotton sustainability initiative, has announced Nick Weatherill as its new Chief Executive Officer (CEO). A former Executive Director of...

COTTON USA™ SUSTAINABILITY FORUM IN JAKARTA UNITES GLOBAL TEXTILE LEADERS TO CHAMPION U.S. COTTON  

At the recent COTTON USA™ ️Sustainability Forum in Jakarta, Cotton Council International (CCI) revealed its 2023-24 Circularity Study results, showing U.S. cotton's top-quality yarn...

Managing Director of Team Group, Abdullah Hil Rakib, Passes Away in Tragic Accident in Canada

Abdullah Hil Rakib, Firmer VP of BGMEA and Managing Director of Team Group and a prominent figure in Bangladesh’s garment and textile industry, has...