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Transvaal daisy (Gerbera flower) in a acreage breadth in Bangladesh syed Zakir Hossain/ Dhaka Tribune

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$45bn all-around annual bazaar untapped

The growing average class, able with disposable income, forth with the acceleration of accumulated businesses and boundless use of flowers in assorted programs – accept broadcast the flowers and cut foliage business in Bangladesh.

However, cultural changes amid the adolescent bearing in adulatory western festivals such Valentine’s Day, Friendship Day, Mother’s Day and iconic cultural contest like Pohela Boishakh , Pohela Falgun accept expedited the advance of annual business in the country. 

In addition, the anniversary of Civic Canicule such as Ekushey February, Independence Day and Victory Day has accomplished to rural akin added than anytime before, which additionally helped addition the business. 

According to a contempo Dhaka Chamber of Commerce and Industry (DCCI) statistics, the bounded bazaar of annual and cut foliage has accomplished at Tk1,200 crore per annum and is witnessing a 10%  yearly growth.  

Also Read- Intl Annual Expo in Dhaka from December 6-8

“Flowers are broadly acclimated in political, amusing and accumulated events. This is because of bread-and-butter growth, which brought changes in active standards of bodies as they accept disposable income,” Anwar Faruque, a adviser to Bangladesh Annual Society told the Dhaka Tribune. 

Now bodies from all walks of activity bless civic canicule beyond the country, while adolescent bearing are celebratory several affairs area they all use flowers to accost accompany and ancestors members, said Faruque.

Prospects of annual industry

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In affair demands of flowers for big occasions like Ekushey February, Bangladesh has to import, as the appeal in the bounded bazaar is growing actual fast. 

On the added hand, there is huge befalling in the consign bazaar as the assembly bulk in Bangladesh is lower compared to added flower-exporting countries.

According to Consign Promotion Bureau (EPB) data, in 2016-17 budgetary year, Bangladesh exported cut flowers, leaves, trees, plants, bulbs, roots of $86,000, up 10.26%, which was $78,000 in the antecedent year. 

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“Bangladesh has a aggressive advantage due to its favourable altitude and cartography as able-bodied as low labour bulk and almost low basic advance which is allowance the area to thrive.” said Abdur Rahim, admiral of Bangladesh Annual Society (BFS).

Using the favourable ambiance and analogously bigger opportunity, we can grab the markets in home and abroad, said Rahim.  

Women backpack roses to the bazaar |Syed Zakir Hossain/ Dhaka Tribune

“If Bangladesh goes for all-inclusive agronomics of flowers commercially, it will be able to acquire huge bulk of adopted bill as there is appeal of Bangladeshi articles in the consign destinations,”  Anwar Faruque, additionally a above secretary of Ministry of Agriculture told the Dhaka Tribune.     

As of now, flowers are actuality able in about 10,000 hectares of acreage in 23 districts of the country. 

Flower and foliage agriculture has broadcast into Jashore, Jhenidah, Magura, Rangpur, Bogra, Dhaka, Gazipur and Manikganj districts.

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Currently, added than 25,000 families are affianced in cultivating flowers and 200,000 bodies are anon and alongside abased on this sector.

Due to acceleration of annual uses, the cardinal of annual shops in the basic additionally has apparent a acceleration and as of now there are about 500 shops in the capital. Shahbagh is the better annual bazaar in the capital, which charcoal actual active every time of the day.  

Challenges faced by sector

In band with the bread-and-butter advance as any added industry, the annual area is growing actual fast, creating an befalling for huge consign earnings. But there is no action and banking abutment for the sector, which is adverse the sector’s growth.

As an arising sector, floral cultivators are adverse problems in accepting accounts from banking institutions. 

Additionally, the area needs training on agriculture flowers which are aerial in budgetary value, said Rahim. 

To this end, the area needs low bulk acclaim in authoritative advance to acquaint avant-garde technology, training, in amalgam algid accumulator and to ensure accumulation of affection and new varieties of seeds, he added.

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To tap into this opportunity, Bangladesh needs to pay appropriate absorption to abode the problems and government should appear up with accordant action support.

“Flower industry is a actual abeyant industry but there is no specific action for the arising sector. Its infrastructural development needs to be established. In accomplishment the opportunities of the sector, Bangladesh has to appear up with a absolute action to actualize amplitude for the area to grow,” Dhaka Chamber of Commerce and Industry (DCCI) Admiral Abul Kasem Khan said. 

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On the added hand, the government and bodies accompanying to the area accept to move for introducing avant-garde technologies and ensuring accumulation of newer seeds, architecture warehouses and algid storages. 

Concurrently, the action makers should assignment on development of basement to ensure a smoother accumulation chain, said Kasem.

He appropriate low absorption accommodation for the farmers and entrepreneurs accompanying with this industry.

Global Annual Bazaar Size

Global burning of cut flowers is estimated at a amazing $40-50 billion per year with Europe and North America actuality the arch markets. Globally, there are about 145 countries complex in the agronomics of accessory crops.

International Trade Centre (ITC) in its abstraction showed all-around annual exports over the aftermost few years accept developed by added than 10% annually. Based on this trend, all-around consign of flowers is accepted to ability $45 billion in 2018.

World Floriculture Map showed, from alone cut annual segment, consign amount accomplished over $10 billion in 2015. Europe is the better customer of floriculture followed by North America and China.

As per ITC, absolute annual bazaar admeasurement in China was $19.52 billion and annual consign accomplished $620 actor in 2015. 

Indian floriculture bazaar accomplished $1.25 billion (Rs.9000 crore) in 2017-18 budgetary year, while their annual consign accomplished $78.73 actor (Rs.507.31 crore).

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