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Expectations for the textile and apparel industry in 2022: Industry leaders thought

Since the advent of Covid-19 in 2020, the world apparel market is going through a series of uncertain situations. The pandemic put the textile and apparel industry of Bangladesh into immense distress, ruptured multiple systems, and left it out of breath. Lockdown halted sales, business operations, and disrupted the supply chain. Many workers lost their jobs in the industry. The situation started to ameliorate with positive growth in the year 2021 after an exerted effort by the industry stakeholders. And it is expected that the growth will continue in the year 2022.

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Let’s have a look at what the industry leaders are thinking about the performance of the textile industry in 2022:

Faisal Samad, Managing Director Savartex Group & Board member, BGMEA

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I think the year 2022 is a year of hope and consolidation for the textile and apparel industry. As for the last two years, the COVID has put the RMG industry in a lot of turmoil and uncertainty.

Yes in 2022, we are receiving a lot of orders but we have to re-evaluate and consolidate the last two years’ setback. And at the same time, we have to position ourselves and set the next 5 years’ goal to sustain the orders in a – financial-wise, capacity-wise, product diversification-wise – win-win manner.

As an industry leader, who got the chance to lead the RMG industry – we have to disseminate the information in the industry and especially engage with the BGMEA members.

I personally think that I will be engaging with all our members to set the vision of 2025 to benchmark the requirement of the apparel industry.

Based on that, we will be able to set the guideline and the next 5 years’ course of action.

Ahammed Ali Babu, Director, Blue Planet Knitwear

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Now buyers are mostly ordering sustainable manmade fabric products. And we have to import most of the polyester, polyamide type of fabrics from China as we do not produce this type of fabrics here. The challenge we manufacturers face now is that getting manmade fabrics from China is really difficult as Chinese factories are operating only 3 days per week due to power scarcity.

As orders are shifting from China, it is a great opportunity for us to grab this market share by developing local capacity. Also, overcoming this challenge will set the tone for our RMG industry in 2022.

In Blue Planet Knitwear, we are in the process of diversifying our product range. And you will be happy to know that we are developing polyester, polyamide type of manmade fabrics for the local market. Improving the sea and airport facility will play a critical role in the year.

Ayesha Shefa, Director of Sustainability & Head of Marketing at Simco Spinning and Textiles ltd (CYCLO recycled fibers)

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Firstly, everyone needs to be safe and maintain all sorts of precautions with COVID-19 on the rise once again. These are tough times and we must adhere to whatever steps or restrictions are necessary to keep the world safe during the pandemic. This brings me to 2022 which unfortunately starts off with the re-surfacing of COVID-19. This may mean restrictions that eventually have an impact on demand in the Textiles and Apparels market. I do, however, expect 2022 to build on the growth of the past 6 months. The market dynamics have recently changed with high fuel prices, freight prices and rising cotton and synthetic fiber prices. This will impact the dynamic of the RMG supply chain and then the recycled fibers and garments business.

I believe there is an opportunity here for those in the Recycled cotton business. Regular cotton price hikes may result in lower demand and supply but can be substituted with increased use of sustainable Recycled cotton.

That’s positive but the challenges remain on the outreach and acceptability of recycled products in textiles and apparel. The bottlenecks are the restrictions in mobilization and the technical acceptance of the final product due to quality deficiencies (since we are talking about recycling).

If anyone has any feedback or input regarding the published news, please contact: info@textiletoday.com.bd

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