Ceramic industry breathes easier as sales start picking up
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Bangladesh's ceramic industry have enjoyed some rest from the coronavirus fallout during the past 8 weeks as domestic sales are showing signs of some recovery following collapse in demand due to the nationwide shutdown.
"Although the business is still uncertain, I am optimistic about the industry's future," said MA Jabbar, managing director of DBL Ceramics.
Exports dropped by around 60 % following the coronavirus outbreak was labelled a pandemic by the World Health Organisation in March as the demand for ceramic products declined in the global market.
As all economical activities were placed on hold through the two-month general holiday that ended on, may 30, the sector fell into trouble.
The industry could fetch just $27.97 million from the export of ceramic products in fiscal 2019-20, down 59.45 % from the previous year.
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