Industry Details

Chittagong's contribution to the economy
Realise its potential

The vast economic potential of Chittagong, a city with unique advantages of ports, roads and railways, largely remains untapped 44 years on, since our independence. The port city can well drive the economy to achieve the coveted middle income status and reach the target of USD 50 billion garment export, according to a leading economist.
Hosting about 40 percent of the country's heavy industries and the second RMG heartland, the commercial city has the potential to cement the nation's status, and one could argue, its future, with traditional and emerging sectors like tourism, shipbuilding and steel.
This extraordinary growth, however, has mostly been driven by individual entrepreneurs overcoming unplanned and inadequate infrastructure, energy shortage and most strikingly, the lackluster performance of its port.
There is room for improvement in the ways the Chittagong Port—which can become a bridge between ASEAN and SAARC—operates.  Loading and unloading of cargo, reportedly, take a painstakingly long time with various 'hidden costs' adding to the woes of exporters. Business leaders are demanding a deep-sea port in Sonadia, off the coast of Cox's Bazaar. 

Lessons could be learned from Singapore. Business communities have stressed the importance of financial institutions setting up head offices in the city making decision-making easier. Polytechnics could be established for skill-development. Chittagong needs an entrepreneurial ecosystem supported by the government where doing business will not be hindered by bureaucratic inertia.

 

Factory Data - Category Wise

Textile machinery shipment to Bangladesh increases in 2015
According to the 38th annual International Textile Machinery Shipment Statistics (ITMSS) results by the International Textile Manufacturers Federation (ITMF) that have been published recently and as per the figures in year 2015, shipments in some textile machinery segments saw a fall. Deliveries of new short-staple spindles fell by nearly 8 percent from 2014 to 2015. Shipped long-staple spindles and open-end rotors decreased by 61 percent and 6 per cent, respectively. The number of shipped draw texturing spindles fell by 26 percent and shipments for new circular knitting machines by 6 per cent year-on-year. In contrast, deliveries of shuttle-less looms increased by 14 percent in 2015 and shipments of flat-knitting machines rose by 52 percent. The 2015 survey has been compiled in cooperation with over 140 textile machinery manufacturers, representing a comprehensive measure of world production. The report covers six segments of textile machinery. This number does not include the numerous Chinese companies that are represented by the so called ‘District.’ Therefore, the amount of participating companies is likely to be around 200.

Spinning machines saw a decline
Shipments of new short-staple spindles fell by nearly 8 percent year- on-year in 2015, the second decrease in a row. The level of short staple spindles declined to about 9 million spindles, the lowest level since 2009. Most of the new short staple spindles (92 percent) were shipped to Asia, whereby shipments fell by 7 percent year-on-year. Thereby China, the world’s largest investor of short-staple spindles, experienced a decline of 26 percent, whereas deliveries to Bangladesh, Indonesia and Vietnam rose by 97 percent, 45 percent and 31 percent, respectively. All of the five largest investors for short-staple spindles in 2015 originate from Asia. Including China these are India, Viet Nam, Bangladesh and Indonesia.

Shipments of open-end rotors too fell by 6 percent to a level over 383,000 rotors in 2015. About 81 percent of worldwide shipments of open-end rotors were destined for Asia. Thereby, deliveries to Asia increased moderately by over 2 percent to nearly 312’000 rotors. In contrast, regions such as North America and Western Europe recorded annual percentage declines of 47 percent and 60 percent, respectively. Shipments to China, the world’s largest investor of open-end rotors increased in a big way by around 66 percent in 2015. The world’s second and third largest investors in 2015 were India and the USA.

Texturing machines shipments fall
Global shipments of single heater draw-texturing spindles (mainly used for polyamide filaments) fell by nearly 82 percent from over 6’500 in 2014 to nearly 1’200 in 2015. With 65 percent Asia is the region where most of the single heater draw-texturing spindles were shipped to, followed by Eastern Europe with 32 percent and South America with nearly 3 percent.

Weaving sees a spurt
Worldwide shipments of shuttle-less looms increased by 14 percent to nearly 82,000 units in 2015. Thereby, shipments of water-jet and rapier/projectile shuttle-less looms increased by 24 per cent to nearly 30,000 looms and by 17 percent to close to 32,000. In contrast, the deliveries of air-jet looms fell by over 1 percent to a level of nearly 20,000 looms.

Not surprisingly, the main destination of shipments of all shuttle-less looms (air-jet, water-jet and rapier/projectile) in 2015 was Asia with 93 percent of worldwide deliveries, of which 39 percent were water jet looms and 37 percent rapier/projectile looms. In Europe and North America 75 percent and 25 percent of shipments were for rapier/projectile looms, while the share of water-jet looms was only 8 percent and 2 percent, respectively.

Circular & Flat knitting sales dip
In 2015, global shipments of large circular knitting machines fell by 6 percent to a level of 26,700 units. Also for this category Asia is the world’s leading investor. 88 percent of all circular knitting machines were shipped to Asia in 2015. With 53 percent of worldwide deliveries China is the single largest investor. India and Bangladesh rank second and third with 6,500 and 3,100 units, respectively. Year 2015 was a very good year for the segment of electronic flat knitting machines as global shipments grew by 52 percent to 70,100 machines, the highest level since 2011. Not surprisingly, Asia received the highest share of shipments (93 percent). China remained the world’s largest investor for flat knitting machines in 2015. Thereby, Chinese investments increased from 19,000 units to 35,500 units.

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