Overview of Textile Dyes and Chemical
Industries In Bangladesh
Bangladesh’s Textile Chemical Market Size: By
Application, By product & By value: 2013-2024
♦ Bangladesh’s Textile Chemical market is forecast to grow from USD 864 million in
2018 to 1.38 Billion by 2024
♦ The market is accelerating at a Compound Annual Growth Rate(CAGR) of around
8% during the forecast period, owing the robust growth in garments sector.
Source: https://www.techsciresearch.com/report/bangladesh-textile-chemicals-market/3755.html
Bangladesh’s Textile Chemical Market Size: using a bottom-up Technique
Souce: https://www.techsciresearch.com/report/bangladesh-textile-chemicals-market/3755.html
Bangladesh’s Textile Manufacturing Market Size
The Bangladeshi textile manufacturing market is expected to register a CAGR of approximately
7% during the forecast period.
•The textile sector contributes more than 13% of Bangladesh's GDP. Over 84% of the export
earnings come from textiles and textile-related products. The country invested around USD
15 billion in the primary textile sector. The Primary Textile Sector (PTS) meets approximately
85-90% of the yarn demand for knit RMG and 35-40% for woven RMG.
Source: https://www.mordorintelligence.com/industry-reports/bangladesh-textile-manufacturing-industry-study-
market
Textile chemical market in Bangladesh
Industry insiders have said the present size of the textile chemical market in
Bangladesh is Tk1,000 crore and only 20% of the demand is met by a number of local
manufacturers. Around 15 multinational companies cater to the rest of the demand
through imports.
Source: https://www.tbsnews.net/economy/industry/10-mncs-invest-tk2000cr-textile-chemicals-567094
Apparel of Bangladesh Export to the World
Value in Million USD (Fiscal Year Basis)
Apparel of Bangladesh Export to the World
Value in Million USD (Fiscal Year Basis)
50000
45000
40000
35000
30000
25000
20000
15000
10000
5000
0
1993-1994
2016-2017
1992-1993
1994-1995
1995-1996
1996-1997
1997-1998
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
2008-2009
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
2014-2015
2015-2016
2017-2018
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
Woven Knit Total RMG
Source: https://bgmea.com.bd/page/Export_Performance
Main Apparel Items Exported From Bangladesh
Value in Million USD (Fiscal Year Basis)
Year Trousers T-Shirts & Knitted shirts Sweaters Shirts & Blouses Underwear
2015-16 10167.31 6892.80 3182.47 3076.36 1172.74
2016-17 9943.09 6650.51 3361.53 2918.97 1328.50
2017-18 10833.83 7153.84 3674.70 2927.34 1410.70
2018-19 11754.86 7902.27 4255.91 3190.23 1640.36
2019-20 9362.64 6273.77 3597.68 2449.65 1358.72
2020-21 10681.52 7239.74 4051.83 2048.40 1789.70
2021-22 14507.50 9857.54 5640.45 2765.91 2343.56
2022-23 14,953.30 10,862.52 5,942.47 3,650.12 2369.99
Source: https://bgmea.com.bd/page/Export_Performance
SWOT Analysis of the Textile Dyes and
Chemical Industries in Bangladesh
Strengths Weaknesses
Large and growing industries Limited technology capabilities
Competitive labor costs Poor infrastructure
Availability of raw materials Lack of skilled labor
Government support Competition from other countries
SWOT Analysis of the Textile Dyes and
Chemical Industries in Bangladesh
Opportunities Threats
Growing demand for sustainable Changing fashion trends
textile dyes and chemicals
Increased environmental
industries
regulations
Expansion into new markets
Trade wars
Investment from multinational
companies
Problems and Challenges for Rapid Growth of Textile
dyes and Chemical Industries in Bangladesh
The Effect of Global Recession on Textile dyes and Chemical Industries
Increasing Cost of Production
Internal Issues Pose a Larger Threat for Bangladesh’s Textile dyes and Chemical
Industries
Energy Crisis: Electricity Crisis
Gas Shortage
Removal of subsidy on Textile sector
Raw material Prices
Demand Supply Gap
Chemical market thrives on apparel in Bangladesh
Textile chemical market size to be $1.38b by 2024
Market size of textile chemicals: $864m
Use of local fabrics rising 25pc year-on-year
Bangladesh has about 450 spinning mills
There are 1,200 weaving mills, 5,000 export-oriented dyeing
units
Source: The Daily Star, October 1, 2023
The 10 Best Textile Dyeing Companies in
Bangladesh
Abdullah Dyeing Industries Ltd. Labib Dyeing Mills Ltd.
Adib Dyeing Mills Ltd. M. A. Rahman Dyeing Industry Ltd
Amber Yarn Dyeing Ltd. Micro Fibre Ltd.
Convince Dyeing Ind. Limited Mondol Yarn Dyeing Ltd.
Empire Dyeing Ltd Multifabs Limited.
Source: https://textiletutorials.com/list-of-top-textile-dyeing-mills-in-
bangladesh/
The 10 Best Textile Chemicals Importers and
Suppliers in Bangladesh
Modern Chemical Spectra Dye-chem Ltd.
M/S Melon Chemicals Fargo Syndicate Ltd.
Dysin Chem-Limited Multi Trade Ltd.
Imperial International Limited Panorama International Ltd.
Silkflex Bangladesh Ltd Tradex Limited.
Source: https://www.bdtradeinfo.com/yp-data/textile-chemicals-importers-
suppliers
Export Earnings and Import Payments of
Textile Industries
Import Payments of Textile and Textile Articles
(Tk. in crore)
Product Name 2021-22 2020-21 Changes
Textiles & Textile 137813.6 86563.2 51250.5
Articles
Products of the 66627.3 40030.7 26596.7
Chemical or Allied
Industries
Export Earnings of Textile Industries
(Tk. in crore)
Product Name 2021-22 2020-21 2019-20 Changes Changes
(I) (II) (III) (I-II) (I-III)
Readymade 282639.1 212099.2 190874.7 70539.9 91764.4
Garments
a) Knitwear 171772.7 127037.2 107433.1 44735.5 64339.6
b) Woven 110866.4 85062.0 83441.6 25804.4 27424.8
Garments
Home Textile 5907.8 4336.1 3097.8 1571.7 2810.0
Source: Bangladesh Bank-Economic Data
Global Textile Dyes Market Outlook
The global textile dyes market attained a value of USD 9.55 billion in 2022. The textile
dyes market is further expected to grow in the forecast period of 2023-2028 at a
CAGR of about 6.10% to reach USD 13.6 billion by 2028. The growing demand for
coloured textiles and fibres and significant investments in plant-based research and
development is driving the demand for textile dyes.
Global Textile Dyes Market Region Wise
The regional markets of textile dyes like North America, Latin America,
Europe, the Middle East and Africa, and the Asia Pacific have shown in the
figure.
Global Textile Chemical Market Outlook
The global textile chemicals market which was USD 27.88 billion in 2022,
would rocket up to USD 41.82 billion by 2030, and is expected to undergo a
CAGR of 5.2% during the forecast period of 2023 to 2030.
