Around the World
BANGLADESH Summer exports from Bangladesh are likely to climb by 20 to 30 percent Summer exports from Bangladesh vendors are likely to climb by 20 to 30 percent when retailers throughout Europe and the United States reopen. According to Bakhtiar Uddin Ahmed, Chief Operating Officer of Fakir Apparels, summer orders are often higher than
winter orders. Because people are spending more time indoors, the firm exports cozy knitted goods, which have a higher demand than woven things. Bangladesh is currently receiving more orders than Myanmar and China as a result of its low costs. As production prices in the world’s second-largest economy have risen, many western consumers are shifting work orders from China to Bangladesh and Vietnam. Kappa Fashion Wear, situated in Narayanganj, has received approximately 25% more work orders for the next season from its
buyers. T-shirts and polo shirts are available for purchase. According to Faruque Hassan, President of the Bangladesh Garments Manufacturers and Exporters Association (BGMEA), trust in Bangladesh has been restored since local manufacturers have been able to provide products to foreign merchants and brands even during the epidemic. Increased work orders, on the other hand, are driving up yarn demand. A year ago, the Viyellatex Group, a major garment exporter and yarn manufacturer, sold about 30 tonnes of yarn each day.
CHINA Chinese textile prices may go up 30-40pc due to power cuts Prices of textiles and garments made in China are likely to rise by 30 to 40 per cent in the coming weeks on account of planned shutdowns in industrial provinces of Jiangsu, Zhejiang and Guangdong. The shutdowns are due to the government’s effort to reduce carbon emissions and shortage of electricity production owing to short supply of coal from Australia. “As per new government rules, factories in china cannot work more than
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PAKISTAN TEXTILE JOURNAL - October 2021
