Bangladesh: Cotton and Products Update

  |   Attaché Report (GAIN)   |   BG2023-0023

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Office of Agricultural Affairs, Dhaka   |   (011-880-2) 5566-2852

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Bangladesh: Cotton and Products Update
Post lowers the forecast for marketing year (MY) 2023/24 raw cotton imports to 7.5 million bales on lower work orders for garments coupled with Bangladesh’s economic challenges including declining foreign exchange reserves. The export value of ready-made garments (RMG) reached a record high at $47.6 billion despite lower imports of raw cotton, yarn, and fabric in MY 2022/23. The utilization of previously stocked fabric and accessories, the use of man-made fibers, and the manufacturing of high-value products contributed to the increase in exports. In MY 2022/23, Brazilian cotton had the largest market share at 16 percent, followed by India at 12 percent, and the United States at 10 percent.
Exporting
South and Central Asia, Bangladesh
Cotton and Hemp, Cotton

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