Home / Knowledge / News / Apparel/Garments / High clothing prices may affect consumer sentiment – Expert
High clothing prices may affect consumer sentiment – Expert
02
Dec '10
The ever increasing price of key raw materials like raw cotton and polyester fiber is forcing manufacturers to hike prices of their final products. This in turn is leading to apparel retailers too to hike their consumer prices, which has led experts to believe that, Malaysian consumers will have to fork out more for new clothes this Christmas and New Year.

Prices of raw cotton for instance have steeply risen by 40-50 percent in the last few months, and according to Mr Andrew Hong, CEO of Malaysian Textile Manufacturers Associa¬tion (MTMA), who spoke to fibre2fashion, “The prices would grow up but to what level and what degree of impact, cannot be determined at this moment”.

He was also of the opinion that, once new polyester fibre capacities are activated, raw cotton prices will eventually stabilize by the middle of next year. Polyester fibre is considered as a viable alternative or blended with cotton, to reduce high costs.

However, Mr Chia Kee Kwei, ED, Cheetah Holdings Bhd was worried about the impact on consumer sentiments, when he said, “Of course due to high rise in prices, customer may not accept the increased prices and may refrain from buying many clothes, thus further affecting our business”.

Speaking about the current state of the Malaysian textile sector, Mr Hong said, “Its going to be fine, since the increase in fibre prices is not only going to affect Malaysia alone, but everybody else also, as we are in tandem with global markets”.

He was however, upset by the shortage of labour which could create an impact on the sector in Malaysia.

Fibre2fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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