Home / Knowledge / News / Apparel/Garments / Domestic fabric & apparel sales fall drastically
Domestic fabric & apparel sales fall drastically
18
May '11
The continuously rising prices of cotton and yarn globally have pushed up prices of fabrics by 40-50 percent in Vietnam.

The high fabric costs, in turn, have led the domestic consumers of ready-made garments to keep away from buying at the moment.

According to fabric wholesalers in Vietnam, the volume of fabric sales has dropped considerably in the local market in spite of the summer peak season.

A meter of cotton fabric which cost VND 30,000 before the Lunar New Year in February is now being sold for VND 63,000. Similarly, the price for a meter of khaki fabric which cost VND 50,000 has now risen to VND 90,000.

The prices of not only fabric, but also thread, buttons and zippers have risen compared to the previous summer season. This has led to a realization among the consumers and manufacturers alike that apparel prices have become too high.

In their bid to minimize stocks and avoid losses, garment manufacturers in the wholesale Tan Binh market have opted to reduce production. Some of them have even opted to halt production.

In the midst of high domestic prices, apparel manufacturers in Vietnam have resorted to import material in order to be able to compete with low-priced Chinese garments.

The rise in prices of all kinds of fabrics has led to increase in the price of garments in tandem. For instance, the total clothing sales in the 11 shops of a leading retailer too have dropped by 30 percent. The same retailer, who previously made about 300-400 pieces for one women's shirt design in three colours and six sizes, is now producing only half that number.

Fibre2fashion News Desk - India


Must ReadView All

Sanjay K Jain, managing director, TT Ltd

Textiles | On 21st Sep 2017

TT’s Sanjay Jain elected new chairman of CITI

The Confederation of Indian Textile Industry (CITI), the apex body...

Textiles | On 21st Sep 2017

NRF urges US lawmakers to lower corporate tax rates

The National Retail Federation (NRF) has written to the US Senate...

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Evelyne Cholet
UCMTF

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

Top executives
Textile industry

The foremost issue is bridging the skill gap

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sonam & Paras Modi
SVA

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

Karan Arora
Karan Arora

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

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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