Uruguay is one of the largest processors of wool in South America and it exports primarily to the European markets and China.
Recently Two Uruguayan wool exporters visited in Bangladesh led by Mostafa Q Sobhan, managing director of Dragon Group, a Bangladeshi sweater exporting and honourary consul of Uruguay to Bangladesh.
Currently the spinning mills have a huge capacity to produce cotton yarns and other manmade yarns such as acrylic and viscose in Bangladesh.
Wool as a premium fibre can help Bangladesh achieve the goal of export value addition and create opportunities for local garment makers to attract high-end brands and retailers to encourage them to start counting the south Asian nation as a potential supplier of woollen wears.
Bangladesh has the potential to export $1 billion worth of woollen sweater by 2030 up from the current $100 million as the global market for such items is expanding fast riding on product diversity.
The visiting wool product makers’ delegation from Uruguay also sat with the top representatives of Labib Group, Union Group and TK Group — top players of the synthetic spinning sector.
During the visit, the delegation found positive aspects of opportunities that could be explored through mutual collaboration, which will greatly benefit the woollen wear export from Bangladesh.
The Uruguayan delegates also expressed their willingness to provide all sorts of cooperation to foster the potential of wool processing in Bangladesh.
Uruguay produces sustainable wool, which is 100 percent natural and renewable fibre, said Gustavo Blanco, director of Lanastrinidad Uruguay, a family-owned wool company of Blanco.
“Uruguay can ship any quantity of woollen tops made of sheep wool, merino wool, alpaca and cashmere wool within 55 days to Bangladesh.”
Source: Daily Star
