Is Bangladesh losing the textile industry?

Though the garment industry continues to be a key economic driver, its future remains uncertain after widespread factory closures following the Monsoon Revolution in 2024. Labor leaders say reforms have been slow and workers still face job insecurity and exploitation.

Is the textile industry in Bangladesh in growth or decline?

In 1983-84, apparel accounted for less than 4% of total Bangladeshi exports. Within a decade, this share had grown to 60%, and increased to a high of 84% in 2022-23 (RMG Bangladesh, 2024). Bangladesh is currently the world's second largest exporter of garments, behind only China (see Figure 1) .

Are clothes still made in Bangladesh?

Bangladesh is a major player in the global fashion industry. Many well-known brands manufacture their clothing here due to cost-effective labor and efficient production. Brands like H&M, Zara, Nike, and Primark produce clothing in Bangladesh, leveraging its robust garment industry.

What is the rank of Bangladesh in textile industry?

Bangladesh holds the second position globally in textile and garment exports, competing with China, which ranks first (EPB, 2022). RMG sector comprises approximately 4,650 factories, 95% of which are locally owned, with only 5% under foreign ownership (Mondal et al., 2023a).

What is the future of textiles?

The future of textiles is shaped by sustainability, evolving consumer expectations, and technological advancements, with brands adopting bio-based, recycled, and high-performance materials.

Bangladesh’s Loss Is Surat's Gain: Garment Sector Set For 25% Growth | GRAVITAS

Which textile stocks will benefit from Bangladesh crisis?

Shares of Gokaldas Exports zoomed 18% to a fresh 52-week high of Rs 1,089.40 on the NSE as investors believe that the Bangladesh crisis will boost textile exports from India. Other top gainers were KPR Mill (16%), Arvind Ltd (11%), SP Apparels (18%), Century Enka (20%), Kitex Garments (16%) and Nahar Spinning (14%).

Is H&M made in Bangladesh original?

H&M sources its clothing products from various countries globally. The primary manufacturing locations for H&M products are China, Bangladesh. While H&M's headquarters is in Sweden, it operates 21 supplier and factory locations within the country.

Is Zara made in Bangladesh?

Yes, ZARA manufactures some of its clothing in Bangladesh. As part of Inditex, ZARA sources garments from multiple countries, including Spain, Portugal, Turkey, China, and Bangladesh, to balance cost, quality, and production speed.

Are Bangladesh clothing factories safe now?

While unprecedented progress has been made to make factories safer, the brutal crackdown on workers' rights still unfolding in response to protests to increase the minimum wage has shown that apparel brands producing in Bangladesh are still failing to ensure that the basic rights of their workers are respected.

Which country has the best textile quality?

China is the world's largest textile producer and exporter with its manpower, cheap cost, and advanced textile raw material production. Thanks to chemical fiber production, China is a country that can make mass production and produces cheap products.

What is the textile capital of the world?

Greenville, South Carolina, once styled itself the “Textile Capital of the World.” While it might be difficult to quantify that superlative, there's no question this small city along the Reedy River in the foothills of the Blue Ridge Mountains had ample claim to being one of them.

Which country has the most textile waste?

What is the status of cotton in Bangladesh?

It is the main raw materials of textile industry. Annual requirement of raw cotton for textile industry of Bangladesh is estimated around 2.5 million bales. Local production is only about 0.1 million bales.

How is Bangladesh textile industry compared to India?

Compared to Bangladesh, India's industry exhibits greater diversification and reliance on domestic production, while Bangladesh's industry is mostly export focused. India's strategic location, extensive textile heritage and growing demand worldwide make it competitive.

What is a big problem with the textile industry?

Overconsumption of natural resources. It takes a lot of water to produce textile, plus land to grow cotton and other fibres. To make a single cotton t-shirt, 2,700 litres of fresh water are required according to estimates, enough to meet one person's drinking needs for 2.5 years.

Which country does Bangladesh export most Garments to?

Which is the largest textile park in Bangladesh?

Bangladesh biggest Textile Industrial Park BEXIMCO has been shut down 170 top textile factories have been closed. India Textile Industry is witnessing massive growth.

How is textile waste recycled?

Once sorted, the textile materials can then be shredded, washed, and separated into smaller fibers. These individual fibers are then aligned together in a process known as carding in preparation to be spun together. Some fibers, including cotton, must be spun along with a carrier fiber to maintain higher quality.

Is textile a good investment?

The Indian textile sector is poised for significant growth, driven by rising demand, government support, and technological advancements. Investing in the best textile stocks in India offers an opportunity to capitalise on this growth.

What is the 5000 years of textiles about?

5,000 Years of Textiles is an authoritative reference and a visual delight, with examples from the Far East to the Americas, from Africa to Scandinavia, and from Egyptian artifacts dating from 3000 BC to the most up-to-date modern craftwork and furnishings.

Is textile waste increasing?

In 2024, the world discarded enough clothing to fill more than 200 Olympic stadiums—highlighting a growing crisis of textile waste. As global apparel production steadily increases, so too does the mountain of clothing sent to landfills, burned in incinerators, or shipped overseas.

Are H&M clothes made in Bangladesh?

We do business with over 570 commercial product suppliers who manufacture products for our brands in over 1,100 tier 1 factories in Europe, Asia and North America. China and Bangladesh are the largest production markets for clothing. The European Union is the largest production market for our beauty assortment.

Why are clothes so cheap in Bangladesh?

Bangladesh is close to textile-producing countries, making raw materials accessible. It cuts costs and simplifies the supply chain, keeping clothes affordable. The government in Bangladesh helps make clothes affordable with creative support.

What is the current scenario of textile sector in Bangladesh?

The Garments and Textile sector contributes for an amount exceeding 84.58% of Bangladesh's overall export revenue. The country's clothing and textile exports totaled more than $43 billion in fiscal year 2023-2024, establishing it as an essential participant in global supply chains.