40 pc growth in export of plastic products
DHAKA, Oct 18 (BSS) – Export of plastic products witnessed a 40 percent growth in the last fiscal as the country shipped plastic products worth Taka 2,000 crore especially to the USA and Europe.
“The demand for our plastic goods is increasing in different countries, especially in the USA and European countries, due mainly to restriction on Chinese products,” said Shamim Ahmed, president of Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA).
He said manufacturers are producing plastic goods worth over Taka 8,000 crore annually.
According to BPGMEA and Export Promotion Bureau (EPB), the country exports plastic items valued at Taka 500 crore directly and Taka 1,500 crore indirectly to over 23 countries annually.
During the last five years, export of plastic goods increased by Taka 613 crore, witnessing on an average 40 percent annual growth.
Established as a backward linkage industry, plastic industry has now become one of the leading foreign currency earning sectors, said Shamim Ahmed adding that demand for Bangladesh produced plastic goods is increasing in the USA and European countries following imposition of a ban on China-made plastic-toys.
“If we can exploit this advantage, we’ll be able to export plastic products to the USA and European countries worth several billion US dollars,” he added.
Shamim said the sector needs policy support and cash incentive from the government.
“The government often talks about diversification of our export products and I think, plastic goods could be one of such diversified products if necessary support is extended to us,” the BPGMEA president added.
“Plastic is widely used for packaging export products and local manufactures are producing cent per cent such wrapping plastic item,” he added.
The plastic products that are now on export list include shopping bags, butcher bags, PVC pipe, polyethylene-sheets, ball- pens, tooth-brush, toys, hanger, hand- gloves, artificial flowers, table-covers, computer accessories, wastebaskets and wall-clocks.
According to the BPGMEA, major destinations of Bangladesh plastic products are Poland, China, India, Belgium, France, Germany, Canada, Spain, Australia, Japan, New Zealand, the Netherlands, Italy, United Arab Emirates (UAE), Malaysia and Hong Kong.
At present, there are 3000 small, medium and large plastic product manufacturing industries in the country and over six lakh people are directly and indirectly involved in this industry.