Rising Prices Of Raw Materials Inhibit Imports Of Textiles And Clothing From The US And EU

Global business information company textile intelligence 155th phase International

The report said that the United States and the European Union in 2011

The sharp rise in import prices reflects the rise in prices of raw materials.

From March 2009 to March 2011, cotton prices rose by an average of 346%, while the global synthetic fiber price index (acrylic, nylon, polyester and polypropylene fiber price weighted basket) increased by 71%.

Since then, prices have declined, but in January 2012, those prices were still far higher than those in March 2009.

Raw materials

The EU's textile and clothing suppliers were forced to raise their prices or take advantage of this opportunity to raise prices. In 2011, the price rose by an average of 9.2% from 8.16 euros / kg to 8.91 euros / kg.

In addition, in dollar terms, prices rose more strongly, or 14.6%, from $10.81 / kg to $12.39 / kg.

After the economic downturn in 2009, the market recovery was welcomed in 2010, but the price increase almost killed the market recovery.

In terms of quantity, the EU's imports from non EU countries increased by only 0.5% in 2011, compared with an increase of 9% in 2010.

In the US market, the impact of price increases is more significant.

In 2011, the average price of textiles and clothing imports increased by 12.2% to 1.89 US dollars per square meter, the highest level since 2001.

However, although the number of imports increased slightly in the EU, there was a marked reversal in the US and import volume fell by 3.2%, compared with an increase of 19% over the previous year.

This year, the EU's average price of textile and clothing exports has risen significantly.

In fact, the increase is as high as 13.7%.

Not surprisingly, one of the main topics at the recent EU yarn exhibition is the high cost of raw materials, especially cotton and wool.

In fact, it is difficult for spinning mills and weaving factories to quote their products because cotton prices fluctuate greatly, so the market's interest in flax and viscose increased.

The US import in 2011 has clearly reflected the substitution of fiber interest.

Taking cotton garments as an example, the average import price is much higher than that of other fiber garments, and the price gap is reflected in the quantity of imports.

Take cotton garments as an example, the number of imports is reduced by 10.2%, because the price is high to prevent buyers from selling.

On the contrary, imports of man-made fiber clothing increased by 14.9%.

As the spinning mill is waiting for news of cotton production in 2011/12, the prospect of the raw cotton market is still uncertain.

Although extreme price volatility has eased over the past 2009-11 years, fiber prices are still likely to fluctuate, and the textile and garment industry will have to endure market volatility in the foreseeable future.