Impact of COVID-19 (2020-2022) on cotton and garments market of Bangladesh: a small country case. (Special Issue: COVID-19 impacts on selected commodities.)
Journal of Agricultural & Food Industrial Organization
; 21(1):89-98, 2023.
Article
in English
| CAB Abstracts | ID: covidwho-20235252
ABSTRACT
Bangladesh imports roughly 98% of cotton from abroad to produce fabric or yarn (USDA 2020. Cotton and Products Update. Bangladesh. Also available at https//apps.fas.usda.gov/newgainapi/api/Report/DownloadReportByFileName?fileName=Cotton%20and%20Products%20Update_Dhaka_Bangladesh_11-30-2020). The production of textiles in Bangladesh depends on the price of raw material, the demand for garment products in the importing countries, smooth supply chain management, and the domestic supply of cheap garment laborers. The global pandemic of COVID-19 disrupted the supply chain of almost all physical goods and services, including textiles. It caused the price of textiles to fall due to a drop in worldwide demand, and increased the marginal cost of textile production due to supply chain interruptions. This paper shows how the decline in the demand for garments, coupled with an increase in cost, shrinks the producer welfare of textile manufacturing and garment exports of the small producing country, Bangladesh.
Supply; Demand and Prices [EE130]; Non-food/Non-feed Plant Products [SS200]; Non-food/Non-feed Agricultural Products (General) [SS000]; International Trade [EE600]; Agricultural Economics [EE110]; Rural Industry and Enterprises [EE350]; Agricultural and Forestry Equipment (General) [NN400]; Marketing and Distribution [EE700]; Materials Science [ZZ200]; Input Utilization (Microeconomics) [EE145]; textiles; supply; case studies; cotton; crop production; demand; economic impact; exports; impact; imports; income; management; manufacture; policy; production; products; Gossypium; Bangladesh; Commonwealth of Nations; Least Developed Countries; lower-middle income countries; medium Human Development Index countries; South Asia; Asia; Malvaceae; Malvales; eudicots; angiosperms; Spermatophyta; plants; eukaryotes; fabric; cloth
Full text:
Available
Collection:
Databases of international organizations
Database:
CAB Abstracts
Type of study:
Experimental Studies
Language:
English
Journal:
Journal of Agricultural & Food Industrial Organization
Year:
2023
Document Type:
Article
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