With a total market value of over 6,000 crores, the ceramics industry in Bangladesh has been one of the country’s fastest-growing manufacturing industries. Thanks to sustained economic growth and increasing urbanisation, the industry meets 85% of domestic demand and has the potential to become the country’s largest export industry in the not-toodistant future. With domestic sales increasing by 20% per year on average, export sales increasing by 26% per year on average in the last three years, and total production capacity increasing by around 200% in the last five years, the industry is poised for future success.
The industry benefits from rising incomes, rapid urbanisation, and duty-free access to some international markets. There is still much to be done to address the problems this industry is facing, such as uninterrupted power and gas supplies, which are essential to continue competing in global markets. If Bangladesh’s ceramics sector can get over the obstacles, it has every chance to develop and increase its contribution to the nation’s foreign exchange earnings. It stands to see what the future holds for this industry.
Md. Shah Jalal
IDLC Finance Limited