Challenges Mount for Bangladesh’s Textile Industry as Cotton and Yarn Imports Plummet in Jan to Sep 2023.
In the first nine months of 2023, Bangladesh witnessed a significant decline in both cotton and yarn imports, as reported by the Bangladesh Textile Mills Association (BTMA). Industry leaders attribute this downturn to a confluence of factors, including diminished global and local demand, inconsistent gas supply, and the ongoing US dollar crisis. According to BTMA…