Home / Knowledge / News / Apparel/Garments / Clothing prices forecast to firm up
Clothing prices forecast to firm up
02
Oct '10
Rising prices of cotton are seen to hike the clothing prices. This is for the first time in the history of 18 years that clothing prices are depicting an upward move on a year on year basis, driven by the high cost of cotton and also when considering the fact that, VAT rates are to be hiked from 17.5 to 20 percent in January.

Cotton prices now rest at 15 year high levels, mainly due to loss of cotton crops, due to recent massive floods in China and Pakistan.

The impact of this hike in clothing prices will become apparent in the inflation rate, and is expected to cross the Government's estimates of two percent.

High price of cotton coupled with increase in VAT rates from January, are expected to boost the clothing prices by almost eight percent, a leading retailer said. A few global apparel and lingerie brands, too have voiced their apprehension about rise in prices.

Home furnishing items like curtains and upholstered furniture are expected to be affected from effect of rise in cotton prices.

According to the Centre for Economics and Business Research (CEBR) statistics, it is only the hike in cotton prices, which alone is seen to boost the clothing prices by 2.4 percent, by close of 2011.

Estimates suggests that, if clothing prices go up by eight percent, after adding other costs and VAT to these prices, the final cost to the consumer may be hiked in the region of 9-10 percent.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search