Bangladesh's apparel exports may gradually decline in the second quarter

From the price trend of textile feedstock and semi-finished products in the midstream and upstream this year, we can see that market orders have weakened. It is well known that Bangladesh is the world’s second-largest clothing exporter-behind only China, its textile feedstock and semi-finished products are in short supply, highly dependent on imports, while India and China are its main sources. Take cotton yarn as an example. Bangladesh’s cotton yarn is mainly imported from India, so did China. Last year, the price of Indian cotton yarn continued to rise, and procurement from China gradually decreased, and Chinese buyers came to be less accepting of the prices than the buyers from Bangladesh. According to Indian manufacturers, the tolerable price in Bangladesh was more than 15cents/kg higher than that in China. However, there were defaults and buyers were obliged to cover feedstock and semi-finished products at higher price levels, which was also one of the reasons for the recent sluggish sales and falling prices of Indian cotton yarn. It is expected that the growth rate of Bangladesh's apparel exports may gradually decline in the second quarter