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China seizes India's yarn & fabric market share in Bangladesh

China supplied **.** per cent of the yarn in Bangladesh’s total imports worth $***.*** million in January–February ****. Imports from China were valued at $***.*** million during the same period. India was no longer among the leading suppliers. In contrast, India had been the top yarn supplier in ****, accounting for **.** per cent of Bangladesh’s total yarn imports, which were valued at $*,***.*** million. Imports from India during that year stood at $*,***.*** million, while China supplied yarn worth $*,***.*** million, representing a **.** per cent share, according to Fibre2Fashion&#**;s market insight tool TexPro.

Bangladesh witnessed a regime change in August ****, ousting the Sheikh Hasina government. During the third quarter of **** (July–September), India was the top supplier with a **.** per cent share. China’s share was **.** per cent during the same quarter, when Bangladesh’s total yarn imports stood at $***.*** million. India retained its leading position in the following quarter (October–December ****), supplying $***.*** million worth of yarn (**.** per cent) out of total imports of $***.*** million. Imports from China during this period were valued at $***.*** million (**.** per cent). However, India has lost the entire yarn export market share to China in the first two months of the current year.