The Bangladesh Handicrafts Manufacturers and Exporters Association-BANGLACRAFT was formed in 1979. BANGLACRAFT represents the handicrafts sector of Bangladesh, mainly formed with the manufacturers, exporters, traders, producers, designers, promoters and suppliers of all handicrafts products. BANGLACRAFT is a non-profit organization and became an A class member of Federation of Bangladesh Chambers of Commerce and Industry-FBCCI. The Association was registered with the Joint Stock Company and DTO office under the Ministry of Commerce.
Handicrafts have an important contribution in earning foreign currency through the export of handmade products using 100% local raw materials. Millions of artisans at the village level are involved in this sector and their livelihood is earned through craftsmanship. The global handicrafts market size reached to $752.2 billion in 2022; the market will reach to $1296.6 billion by 2028. During the Covid-19 handicrafts export from Bangladesh have increased by 60% (approx.).
If cash incentives are enhanced volume of export will increase more; because our entrepreneurs have to compete with China, India and Vietnam to survive in global market. According to the Export Promotion Bureau (EPB), the total income from the handicrafts sector in the last financial year (2021-22) was 4 crores 2 million 83 thousand dollars. In the financial year 2020-21, its amount was about 3 crore 34 lakh dollars.
Many industries will stumble in the era of green economy, but handicrafts products will become one of our major industries as it fits into the “green economy”. Handicraft products such as jute, sedge, palm leaves, bamboo, cane, grass, hyacinth and seagrass etc. these natural materials are well suited to this trend that’s why its demand is increasing day by day. The current petroleum based economy that is slowly emerging as a threat to the survival of human civilization; It can be challenged at any time! Conscious buyers around the world are leaning towards eco-friendly, biodegradable products from their own awareness. The actual number of exports of handicrafts at the national level is still showing low due to lack of proper HS code for all handicrafts products. If all categories of handicrafts are included as per export policy parameters and complexity of HS code is removed, then true contribution of this sector to the GDP will cross billion dollars.
On behalf of Executive Committee
S. U. Haider ( President, BANGLACRAFT )