The cable manufacturing sector is facing a downturn, with the overall market shrinking by 25%. Industry data indicates that activity in this segment has dropped by 50-60% over the last two years. A primary driver of this decline is the housing sector, where demand for cables has fallen by 30-35%.
Economy
Cable market shrinks 25% amid demand slump
The cable market has contracted by 25% as manufacturers face a significant decline in demand from the housing sector.
Source: TBS Bangladesh