Falling yarn prices have hit spinners in Bangladesh. One reason is illegal import of low-cost yarns. Another reason is availability of the product imported under the bonded warehouse facility. Some businesses are importing yarns and fabrics under the bonded warehouse facility and later on selling the duty-free items in the open market at low prices.

Currently Bangladesh imports viscose worth billions annually which can be easily saved by producing its own raw materials. Production of viscose fiber proved to be more profitable than RMG production. Bangladesh has made a deal with China for building a viscose fiber plant from jute using Chinese technology and finance.

There are seven garment factories in Bangladesh among top 10 environmentally-compliant readymade garment factories around the world. The country has a target of reaching $50 billion in textile exports by 2021. Bangladesh frequently hosts yarn shows, to introduce latest sophisticated yarn, fabrics, accessories and emerging technologies for textile and garment industries. These enable textile and apparel industry buyers to meet local and overseas textile and yarn manufacturers face to face for the best qualities and reasonable prices.