Due to several factors such as sneaking in international apparel, the cost of living crisis, and shifting zakat contribution behaviours, sales of textiles, yarn, and clothing intended for Eid-ul-Fitr are still slow.
The millers have also seen a decrease in the production of fabrics and yarn for the domestic markets as a result of the garment industry’s dismal sales of fabrics, yarn, and apparel.
After 15 days of Ramadan, the wholesalers in the major hubs of Madhabdi, Gawsia, Narsingdi, Baburhaat, Shekherchar, and Narayangani could only sell half of their items, which included sharees, lungis, three pieces for women, and other clothes.
Ahead of the two Eid celebrations, the local textile millers anticipate selling more than Taka 35,000 crore. Of the total sales, 75 per cent occur before Eid-ul-Fitr, and the remaining 25 per cent occur before Eid-ul-Azha.
However, there were some key reasons why sales decreased this year. For example, the three pieces from Pakistan and India have already made their way into the Bangladeshi market. A few dishonest merchants obtain such items through illicit means and supply them to the country’s largest malls and stores.
As a result, the sales and production of fabrics for three pieces for ladies dropped this year here in Bangladesh ahead of mega sales season of Eid-ul-Fitr.
People’s evolving donation behaviours are another reason. In the past, the wealthy citizens of the nation would purchase a large number of sharees and lungis for the impoverished, particularly for the village residents.
However, to avoid problems with transportation and distribution of those goods to the underprivileged, affluent people have lost interest in purchasing zakat fabrics in large quantities in recent years. Instead, they provide the impoverished individuals cash directly or through a financial mobile service.
As a result, country’s zakat cloth sales fell, which harmed the nation’s mills and factories’ ability to produce and sell textiles.
