Affected by the financial crisis, Bangladesh ceramic exports are eclipsed
Local ceramic tableware manufacturers are uneasy about the global financial crisis and exports have declined in the past few months.
Data from exporters and export promotion bureaus show that from July to February this year, Bangladesh’s ceramic tableware exports valued at $23.66 million, less than the target of $30.68 million. twenty-three. The export figures for the fiscal year 2007-08 were $25.90 million.
The export target for this fiscal year is close to $48 million.
Fahar, chairman, director and general manager of FARR Ceramics Co., Ltd. said: At this moment, we did not receive new orders. Buyers seem reluctant to place orders, and the company exported 200 million taka ($2.9 million) in 2008. For Fajar, the Italian buyer recently cancelled the order. According to market sources, about 60 ceramic factories have invested more than 2 billion taka, mainly producing tableware and ceramic tiles.
After meeting domestic demand, the industry exports to more than 50 countries, including the United States, Canada, Europe and the Middle East. According to data from the Bangladesh Ceramics Manufacturers Association, domestic sales of approximately 7 billion taka in 2008. Overcoming all difficulties, the country's ceramic tableware market has broad prospects, as demand from developed countries Europe and the United States is increasing, where production costs are greatly increased due to high labor costs.
According to industry sources, Bangladesh has the competitiveness of labor costs and well-trained workers. But exporters are worried about a slowdown in export trends due to the global economic downturn. Ceramic boss Fahar said his company's monthly exports fell from $300,000 a year ago to $200,000 in the same period in 2009. Shinepukur Ceramics is the country's largest manufacturer with an annual production capacity of 24 million pieces of tableware, and this year's export orders are also facing a 30% reduction.
According to a senior official of the company, the ceramic tableware exported by the company in 2008 was worth 1.5 billion taka. Investing 1.15 billion Taka was founded in 1982 by Monno Ceramics Industries, a senior official said that export orders are also facing worsening in the first quarter of 2009. Last year, Monno’s export figure was 800 million taka. Artisan Ceramics, which exported goods worth 120 million taka in 2008, has been facing a 40% reduction in orders this year compared to the same period last year. According to the Manufacturers Association, ceramic exports have grown by 695 percent over the past decade.
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