Bangladesh's cotton imports continue to increase

According to foreign news reports, with the decline in cotton prices and the increase in production, cotton consumption in Bangladesh is expected to continue to increase.　　 In recent years, the number of textile enterprises in Bangladesh has increased rapidly, and the import volume of cotton garments has increased greatly, and the import volume of cotton has also increased. At present, Bangladesh is the world's largest cotton importer. As domestic cotton consumption is almost entirely dependent on imports (the output only meets 3% of the demand), Bangladesh's cotton import demand continues to expand, with annual imports exceeding US$3 billion. It is estimated that by 2020, Bangladesh's cotton imports will reach 7.9 million bales (1.72 million tons). Currently, Indian cotton accounts for 55% of Bangladesh's cotton demand.　　 As textile production in other countries gradually shifts to chemical fiber and viscose products, global cotton consumption has shown a downward trend in recent years. The fall in cotton prices has also brought down clothing prices, and the market expects clothing purchase costs to fall by 6-7%. Article Keywords: 　Bangladesh Cotton; Import