Bangladesh’s textile spinning sector is witnessing a good time as yarn export and consumption is growing in local garments factories.
In the last two and a half years from the beginning of 2019 to July 2021, spinning mills have also performed really well.
Although, the pandemic caused by the novel Coronavirus has been going on for more than a year and a half. Causing disruption for the millers as well as for the whole apparel supply chain.
According to the Bangladesh Textile Mills Association (BTMA), the owners of the yarn mills were adversely affected at one stage of the onset of the COVID-19 outbreak in 2020.
However, in the middle of this year, the big export-oriented industrialists are signaling a positive change in the pace of business. As increased demand has been created in the international market. Resulting in an increase in the purchase order.
On top of it, the effect of a rise in raw materials prices also boosted the primary textile segment.
All in all, the liquidity of the yarn-cloth mill owners’ business is now quite good. In terms of financial viability, this is more reflected in the export statistics of large corporations.
Given below are the leading 10 yarn exporters of Bangladesh:
Badsha Textiles Limited of Badsha Group of Industries is the leading company in the country among the BTMA member companies in the production and export of yarn. It produced 44.55 million kg yarn in the 2020 calendar year. While it earned 100.24 million dollars in the first seven months of the 2021 calendar year.
Although in 2019, the company supplied more than $12.50 million worth of yarn to export-oriented garment factories, it exported just over $110.64 million worth of yarn in 2020.
Despite the prevalence of COVID-19, the company’s sales did not nose-dived last year.
Kamal Yarn, another concern of Badsha Group of Industries, is also in the top ten by producing 22.83 million kg yarn in the 2020 calendar year. Kamal Yarn has over three lakh spindles in these two factories which are one of the largest in the country.
In the first seven months of 2021, Badsha Textiles and Kamal Yarn have exported yarn worth 6.33 million dollars.
Badsha Textile and Kamal Yarn’s owner Badsha Mia said, “There have been many losses in the first seven-eight months of the COVID-19 period. Cotton prices fall in March-April. Then we were disappointed. Then the situation started to turn around when the purchase orders for clothes started coming back. Of course, the price was not satisfactory.”
Mia added, “Gradually, the factory finished all the stocks. Additional demand has been created in the market after the second flow of COVID-19. The price of cotton, the main raw material, has also gone up in the international market. Having said that, the good demand is playing a big role behind the current positivity of the business as a whole.”
Square Textiles produced 32.34 million kg yarn in the 2020 calendar year. In 2020, Square exported more than $97.1 million worth of yarn. And in the first seven months of the 2021 calendar year, Square Textiles exported more than $70 million worth of yarn.
Tapan Chowdhury, Chairman of Square Textiles said, “We have four spinning mills in the textile sector. Besides, we have fabric factories.”
“The uncertainty of garments export at the beginning of COVID-19 has been recovered a lot. Square factories are producing at full capacity,” Chowdhury added.
AA Coarse Spun Ltd. – a company of AA Holdings – exported yarn worth $60.67 million in 2020. In the first seven months of the 2021 calendar year, the spinning mill exported $70.39 million yarn.
AA Coarse Spun Ltd. produced 26.49 million kg of yarn in the 2020 calendar year.
MSA Spinning – another company of AA Holdings – exported yarn worth $60.94 million in 2020.
In the first seven months of the 2021 calendar year, the export value of MSA spinning stood at $40.83 million.
MSA Textiles – another company of AA Holdings – exported yarn worth $40.94 million in 2020. In the first seven months of the 2021 calendar year, the export value of MSA Textiles stood at $60.07 million.
Pahartali Textiles and Hosiery of MM Ispahani Limited, was one of the top ten yarn exporters last year in terms of export value. It produced 18.28 million kg yarn in the 2020 calendar year.
Also on the list are NRG Spinning – produced 17.03 million kg yarn, Maksons Spinning – produced 16.45 million kg yarn and Pakija Cotton Spinning Mills Pvt Ltd. – produced 16.21 million kg yarn in the 2020 calendar year.