Bicycle exports from Bangladesh declined 15.31 per cent in the preceding fiscal year (FY) as demand fell amid the global cost-of-living crisis resulting from the ongoing Russia-Ukraine war.
Bicycle exports from Bangladesh declined year-on-year in the first four months of the current fiscal year apparently for shrinking demand in Europe propagated by the war-induced cost-of-living crisis.
Bangladesh's steel industry is set to see the entry of a couple of large business houses while several existing steelworks are looking to expand their capacities in order to gain from the rising demand for the key construction material.