Sellers Expect Higher Textile Machinery Sales in 2024
International textile and garment machinery sellers are expressing optimism for a rebound in business in Bangladesh this year. The global clothing supply chain is showing signs of recovery after a sluggish trend in 2023.Apparel sales faced a significant slowdown last year due to reduced demand from end consumers amid higher inflationary pressures from the aftermath of the Covid-19 pandemic and the Russia-Ukraine war.
However, a surge in work orders from international clothing retailers and brands in recent months has led to increased inquiries from garment makers, instilling confidence in machinery sellers.
The ongoing 18th Dhaka International Textile and Garment Machinery Exhibition has become a platform for discussions on the positive prospects for 2024.
Despite a challenging year in 2023, the machinery sellers are anticipating higher apparel exports, translating into increased sales of textile and garment machinery.
Representatives from global machinery companies, including Best Tex International, Karmak, and Rieter, are highlighting Bangladesh’s significance as a growing market for their products.
The emphasis on sustainable machinery, which consumes less water and energy, aligns with the industry’s evolving preferences.
Machinery sellers are gearing up for a more promising year, expecting a turnaround in the global supply chain.
The exhibition provides a space for showcasing innovations and fostering partnerships that contribute to the industry’s growth.
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