A 5.6 per cent rise in cotton consumption in Bangladesh during the marketing year (MY) 2022-23 will boost demand for yarn and fabrics from international clothing retailers and brands, says United States Department of Agriculture (USDA). Work orders have been increasing since the beginning of 2021 as many brands are shifting their orders from competitor countries such as Vietnam and Indonesia.

Domestic raw cotton consumption also went up 2.27 per cent during MY2021-22 to 9 million bales. The USDA data forecasts, in the MY 2022-23 yarn and fabric consumption would reach 0.96 million tons and 6.4 billion metre respectively. In MY 2022-23, Bangladesh’s cotton imports are expected to surge 7.2 per cent to 8.9 million bales. Cotton imports will surge nearly one million bales in MY2022-23, says Monsoor Ahmed, CEO, BTMA

Yarn production will increase 1.3 per cent in MY 2022-23 to reach 760,000 tons, predicts USDA. Cotton harvest area will increase by 2.2 per cent during the year to 46,000 hectare. Cotton production will surge by 2.6 per cent to 155,000 bales, as per USDA estimates.