In this blog post, we will delve into the intricate world of Bangladesh Textile Industry Statistics. As a powerhouse in the global textile market, Bangladesh plays a crucial role in shaping the industry landscape. Through exploring key statistics and trends, we aim to provide valuable insights into the dynamics of this sector and its impact on the economy. Join us on a data-driven journey through the realm of Bangladesh’s textile industry.
The Latest Bangladesh Textile Industry Statistics Explained
The textile industry of Bangladesh employs around 5 million people, about 90% of whom are women.
The statistic indicates that the textile industry in Bangladesh is a significant employer, providing jobs for around 5 million people. The fact that about 90% of these employees are women highlights the industry’s substantial contribution to female employment in the country. This imbalance in gender representation could reflect both the traditional division of labor in Bangladesh and the global trend of women being predominant in the textile industry. It also underscores the importance of the textile sector as a key source of livelihood for many women in Bangladesh, potentially impacting their empowerment and socio-economic status.
Bangladesh’s textile and apparel industry has over 6000 factories.
The statistic that Bangladesh’s textile and apparel industry has over 6000 factories highlights the substantial scale and importance of this sector within the country’s economy. The sheer number of factories indicates a significant level of industrial activity and employment opportunities within the industry, showcasing its key role in providing jobs and driving economic growth. With a large number of factories, Bangladesh likely holds a prominent position in the global textile and apparel market, contributing to its reputation as a major player in the manufacturing and export of textile products. This statistic underscores the size and significance of the textile and apparel industry in Bangladesh, emphasizing its importance in supporting the country’s economy and workforce.
In Bangladesh, textile industry provides direct employment to over 4 million people.
The statistic that the textile industry in Bangladesh provides direct employment to over 4 million people highlights the significant role of this industry in the country’s economy. With a population of approximately 165 million, the direct employment of over 4 million individuals represents a sizable workforce involved in the production and distribution of textiles. The sector’s ability to generate such a large number of jobs indicates its importance as a major employer in Bangladesh, offering opportunities for livelihoods and economic growth for a significant portion of the population. This statistic underscores the significance of the textile industry in providing employment opportunities and contributing to the overall socioeconomic development of Bangladesh.
The textile sector in Bangladesh contributes 20% of the country’s GDP.
The statistic ‘The textile sector in Bangladesh contributes 20% of the country’s GDP’ indicates that the textile industry plays a significant role in the overall economic output of Bangladesh. This means that one-fifth of the total value of goods and services produced in the country can be attributed to the textile sector. This high contribution underscores the importance of the textile industry in driving economic growth and employment opportunities in Bangladesh. It also suggests that developments and trends within the textile sector can have a notable impact on the country’s economy as a whole, making it a key sector to monitor and support for sustainable economic development.
The textile industry in Bangladesh makes up 27% of the country’s industrial workforce.
The statistic that the textile industry in Bangladesh comprises 27% of the country’s industrial workforce indicates the significant contribution of this sector to the country’s economy and employment opportunities. With a sizable portion of the industrial workforce employed in textiles, it highlights the importance of this industry in driving economic growth and providing livelihoods for a large number of people in Bangladesh. The statistic suggests that the textile industry plays a key role in the country’s industrial landscape, making it a crucial sector for both employment generation and economic development.
Bangladesh’s textile industry faced an export decline of 18% due to the Covid-19 pandemic in the fiscal year 2019-2020.
The statistic indicates that the textile industry in Bangladesh experienced a significant setback in terms of exports, with a notable decline of 18% during the fiscal year 2019-2020, attributed to the impacts of the Covid-19 pandemic. This decline suggests a considerable reduction in the volume or value of textile products exported from Bangladesh during that period, likely due to disruptions in global supply chains, reduced consumer demand, and other pandemic-related challenges. The decline in textile exports could have had adverse effects on the industry’s revenue, employment levels, and overall economic contribution to the country, highlighting the vulnerability of the sector to external shocks like the Covid-19 pandemic.
The textile and garments sector in Bangladesh has grown at an annual average rate of 6.8% over the past decade.
The statistic indicates that the textile and garments sector in Bangladesh has experienced a consistent growth rate of 6.8% per year on average over the past ten years. This implies that the industry has been expanding steadily and performing well over this time period. The growth rate suggests that there has been an increasing demand for textile and garments produced in Bangladesh, likely driven by factors such as favorable policies, competitive pricing, and quality products. This growth not only signifies economic progress for the country but also highlights the sector’s importance as a significant contributor to Bangladesh’s economy.
The RMG industry in Bangladesh hit a record $30.6 billion in exports in the fiscal year 2017-18.
The statistic indicates that the Ready-Made Garment (RMG) industry in Bangladesh achieved a milestone by generating a record-breaking $30.6 billion in exports during the fiscal year 2017-18. This highlights the significant economic contribution of the RMG sector to Bangladesh’s overall export earnings. The growth in exports underscores the industry’s competitiveness in the global market, benefiting from factors such as cost efficiency, skilled labor, and favorable trade agreements. The achievement not only signifies the industry’s strength and resilience but also its potential for further growth and development in the coming years, positioning Bangladesh as a key player in the global textile and apparel market.
References
0. – https://www.www.just-style.com
1. – https://www.publications.iom.int
2. – https://www.rmgbd.net
3. – https://www.www2.deloitte.com
4. – https://www.www.thedailystar.net
